London, United Kingdom
Internship Explorer
Internship Explorer
The role is to assist senior team members in the day-to-day business activities and contribute to a variety of tasks allowing a general introduction to the business of RISK MFI and Global Markets. The role will focus on one or more asset classes among equities, rates, credit, FX and commodities. Specific processes managed by the team: Business line leadership * Point of contact for Global Markets (GM) on one or more asset classes market risk topics. * Articulation of main risks and risk opinion to management. * Review of and opinion on information and views provided by GM. * Understanding valuation, capital, funding, and liquidity impact of business line. * Provide support as business-line expert to other RISK teams. * Understand business-line valuation models and methodologies and escalate weaknesses and concerns. * Understand market risk capital framework and escalate weaknesses and concerns. * Market risk analysis of structured/complex transactions. Risk anticipation and detection * Understanding the valuation, risk and P&L of business line activities in the context of current, past and potential market conditions. * Chairing of Main Positions meetings and other forums with Trading, providing independent risk analysis and opinion, escalation of risk topics, and challenge to the business view. * Providing accurate and appropriate risk information and opinion to the FMRC (senior risk management) and other senior management forums. Escalating risk topics to senior management as needed. * Performing in-depth, ad hoc analysis, formulating an opinion and escalating as needed, while judging priority, on all market risk topics affecting the business line. Risk control framework * Analysing risk within the business line with the tools available, driving the improvement of these tools, and ensuring that risks for which tools or data are inadequate are nevertheless adequately understood. * Setting and ensuring timely review of market risk limits in line with framework. * Provide support of IPV methodologies and control of non-tradable/exotic market parameters. * Review and approval of the market risk of exceptional transactions. * Approval of amendments to trading mandates for French Banking Law/Volcker Rule desks. * Definition of risk measurement methods such as stress tests, regulatory measures, and VaR methodologies. * Contribute to French Banking Law/Volcker Rule control plans.
