REVIEW MY CV: I am a consultant and I want to work in market risk, but London seems a little too conservative for this move

The past couple of years I have been applying / working in Market risk roles. My preference is front office roles but my London contact base is limited thus making it harder. Additionally, I find that the environment in London is more structured, less thinking outside the box like you see in the US. This makes it harder to find a role where you wear many hats and engage different areas within an iBank. Can anyone offer some advice?

PROFILE:

· Former Energy & Utility Credit Default Swap Trader and Risk specialist

· Embedded with a strong analytical background in Market and curve risk

· Strong Understanding of Basel Program (2.5 and 3) and the effects on various trading activity

· Diverse and well rounded experience in Front, Middle and Back Office

· Well versed in MS Excel and Visual Basic Programming

EXPERIENCE:

Major strategy consultancy firm, working for an investment banking client. London, UK April 2011 - Present

Project Management Consultant - Basel III Program - (April 2011 - Present)

· Created reporting model analyzing impact of Basel 2.5 and Basel 3 Accord on capital requirements for client bank.

· Outline changes of Risk Weighted Assets (RWAs) across business units via formal presentation to senior bank stakeholders

· Investigate underlying Market Risk Drivers of increased capital costs including Value at Risk (VaR), Stress VaR (sVaR), Incremental Risk Charge (IRC) and Securitizations

· Forecast future risk capital profile of various trading units based on business growth and Basel implementation

· Point of Contact for high priority queries from Senior Global and Regional Business Heads

· Liaise with Market Risk Methodology Team to calculate and breakdown components of various Market Risk Metrics in relation to the Basel program

Major bank - London, UK March 2010 - December 2010

Project Analyst - Credit Special Purpose Entities - (March 2010 - December 2010)

· Coordinated Gap Risk pricing Integration of collateral and embedded derivative structures

· Undertook in-depth risk analysis of various credit trades and products, including CDOs, CLNs, Equity Hybrids, Inflation Linked, Repacks, CDX and CDS

· Participated in pricing verification of underlying SPE collateral using in-house models

· Conducted monthly gap risk pricing of funded SPEs with associated embedded derivative features

European bank -London, UK July 2008 - February 2010

Market Risk Analyst - Credit Flow (July 2008 - February 2010)

· Daily production and reporting of VaR (95% Confidence interval), DV01 and breached limits

· Liaised with Trading to review various book risk positions; including curve, notional, liquidity, sector and rating

· Undertook scenario analysis of basis shifts to test model validity

· Conducted scenario and stress analysis of potential defaults and large spread movements

· Analyzed and reported ad-hoc variance of market data versus house models to Trading

· Consulted and agreed upon month end pricing/valuation adjustments

· Coordinated with Trading to ensure veracity of risk numbers and metrics

· Spearheaded initiative incorporating the Greeks into the Daily Explanation P&L

· Mentored colleagues across areas in analysis of Greek based P&L, significance of market moves and key price indicators

International bank - New York, NY October 2002 - June 2007

Assistant Vice President - Credit Trading (January 2005 - June 2007)

· Primary market maker for Energy and Utilities CDS

· Garnered an in-depth knowledge of the Oil & Natural Gas markets

· Enhanced flow desk presence in credits by providing liquidity along the credit curve

· Provided liquidity for delta exchanges with correlation desk

· Engaged credit research group to market profitable trade ideas to customers

· Actively traded across the curve to take advantage of the quarterly roll

· Provided sector color to select salespeople and corporate clients

· Created in depth analysis of residual off the run PV01by bucket and term structure of

each trade

· Hedged specific Energy and Utility cash positions at request of cash trader

· Built analytic tool estimating variance between linear and effective durations for off- the run positions

Trading Assistant- Credit Derivative Trading (October 2003 - January 2005)

· Created quarterly roll P&L analysis by credit for each curve point

· Created pricing model for the alternative asset book, pricing negative basis and funding

trades of illiquid credits

· Reviewed and analyzed Gamma reports for each CDS quarterly roll

· Resolved P&L and Risk discrepancies on ad hoc basis

· Automated trade booking and end of day curve marking process via writing original Visual Basic programming

Associate - Derivatives Trade Capture Group (October 2002 - October 2003)

· Produced daily Credit Default Swap explanation P&L via comprehensive analysis using the Greeks

· Assisted in creation of DTCC integration tool to pinpoint trade discrepancies

· Confirmed payments and settled trade disputes

Major US bank - New York, NY December 2001 - October 2002

Consultant - Derivative Operations (December 2001 - October 2002)

· Acted as main contact for Prime Brokerage Clients for documentation and settlement issues

· Confirmed payments and settled trade disputes

· Researched ISDA legal documents to resolve customer inquiries

ADDITIONAL:

· Proficient in Bloomberg, Reuters and Microsoft Excel and Visual Basic

· Proficient as end user in MS Access

· Received Certificate of Financial Risk Management from New York University

· Dual citizen: U.S. and E.U. (Republic of Ireland)

EDUCATION:

US College, Bachelor of Arts & Sciences