Risk:Market Risk Team

Axis Bank

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 2 days ago
Job Description:About Risk:The Risk department ensures that the Bank’s risk is managed through a risk management architecture as well as through policies and processes approved by the Board of Directors encompassing independent identification, measurement and management of risks across the various businesses of the Bank. The Risk department of the Bank strives to proactively anticipate vulnerabilities at the transaction as well as at the portfolio level, through quantitative or qualitative examination of the embedded risksAbout the Role:The Market Risk team supervises over the market activities. The team ensures that the market risk exposure is in compliance with the overall risk appetite and philosophy of the Bank as defined by the Board of Directors. The team also ensures compliance to the policies and processes defined by the bankKey Responsibilities
  • Manage the Forex and Derivative portfolios and report the intraday and overnight limit breaches by the dealer, if any
  • Compute and report VAR (Value at Risk), which is the amount which is lost due to forex and derivative handling.
  • Monitor the Profit/Loss Accounts for the forex and derivative dealers
  • Compile RBI returns and ensure submission on daily, weekly, and monthly basis.
  • Monitor the Net Open Position (NOP)
  • Monitor the PVO1, where change in the value of the portfolio has to be measured.
  • Perform User Acceptance Test (UAT) where systems generate automated report thus reducing the manual intervention
Qualifications:Optimal qualification for success on the job is:
  • MBA (Finance) from a recognized institute. CA/ FRM would be an added advantage
Role Proficiencies:For successful execution of the job, the candidate should possess the following:
  • Expertise in Excel and in the functional domain
  • Proficiency in analyzing Risk
  • Result Orientation and Business Acumen
#ComeAsYouAre "We are dil se open. Women, LGBTQIA+ and PwD candidates of all ages are encouraged to apply"Skills:Refer to the Job DescriptionAbout Company:Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank