Risk Analyst, Collateral Management and Valuation (1 year contract)

  • Competitive
  • Singapore
  • Contract, Full time
  • Bank of Singapore
  • 23 Feb 18 2018-02-23

Risk Analyst, Collateral Management and Valuation (1 year contract)

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

The selected candidate will be responsible for evaluating and assigning securities leverage (Advance Ratio or Loan-to-Value) as collateral. This role involves conducting regular review on client portfolio as well as an understanding of the underlying risk of each product.

The candidate will also be responsible for daily valuation of Exchange Traded/OTC Products including derivatives. The individual will also work closely with Front Office, TAPD, CRM and MRM-Stress Testing teams on valuation, model and market data related tasks and issues.

Responsibilities:

  • Ensure that only eligible marketable securities are granted correct leverage, through security acceptance process in line to risk management policies
  • To review exception request from front office and provide recommendation through understanding and examination of inherent portfolio risk.
  • To handle general stress testing and specific stress testing and understand the impact and implications to the bank's collateral portfolio.
  • Perform risk analysis on various asset classes to propose margin requirements on derivatives
  • May be required to handle enquires from various stakeholders such as front office, credit and operations.
  • May be required to participate in various risk initiatives, projects, and UAT.
  • Daily valuation of Exchange Traded/OTC Products including derivatives, price verification to ensure that the financial instruments are correctly valued. Market data which breaches the pre-determined thresholds are analyzed and explained. Exercise seasoned judgment when a call on valuation is required and ensuring audit trials are documented.
  • Working closely with different stakeholders to identify and resolve valuation related issues.
  • Identifying potential valuation issues in the new product approval process and recommend/implement valuation processes and controls where appropriate.


Qualifications
  • Up to 5-10 years working experience preferably with at least 3 years in private banking and/or Market Risk or Credit Risk experiences.
  • Good University degree in a quantitative discipline but not mandatory.
  • Good working knowledge with in-depth understanding of financial markets and related products in terms of risk management (credit/market) and valuation.
  • Able to read and understand corporate balance sheet and analyze various financial ratios such as gearing, free cash flows etc. would be an advantage.
  • Advanced Excel, Bloomberg and Reuters exposures are essential, and experience with VBA, MySQL and MS Access databases would be an advantage.
  • Analytical, self-driven, a team player and able to work under tight timelines
  • Good interpersonal and communication skills