Job Description

Division: Banking

The Financial Risk Control team is responsible for maintaining and developing a strong control framework within the Banking Division. The team provides assurance to senior management that risks taken by the Banking division remain within Risk appetite, regulatory and other policy limits, by

• Identifying, measuring, monitoring, controlling and mitigating market, liquidity and credit risk on a post-fact basis.
• Building an efficient control framework to ensure adherence to the Bank’s policies and regulatory requirements

• Performing daily controls and producing risk reporting information to the Credit and Asset & Liability Committee, the Board Risk Committee and Regulators.

Roles & Responsibilities:

The Market Risk analyst in the Financial Risk Control team will provide oversight, assurance and specialist analysis of the market risk associated with the structure of the bank’s balance sheet along with assisting in the continuing development of financial risk controls and reporting. In this role you will interact regularly with the Credit and Treasury departments, the Finance division and the corporate risk management division. You will:

• Be responsible for compliance monitoring and risk reporting, market and liquidity risk exposures linked to treasury activities and the provision of related treasury risk expertise in support of the overall risk management activities of the division. You will review the quality and accuracy of daily and monthly reports.
• Ensure an efficient control and risk management framework on treasury activities and contribute to its improvement. Design and oversee the implementation of comprehensive risk metrics and reports for senior stakeholders in treasury, ensuring that all the delivered information accurately reflect the market risk managed by the department.
• Contribute to the bank’s ALM strategy by providing detailed reporting on interest rate risk exposure and hedge effectiveness as well as regular follow-up of the bank’s deposit dynamics.
• Provide expert knowledge on derivative and fixed income valuation and market risk modelling elements (Interest rates (spot rates, forward rates etc), Value-at-Risk, Discounted Cash Flows, stress testing etc.)
• Liaise with colleagues in risk management on a regular basis to ensure alignment in terms of market risk limits calibration and sizing, and inclusion of new treasury products/processes into the market risk modelling and reporting framework.
• Take ownership of the department’s reporting on FX and interest rate risks by performing detailed analyses on the underlying drivers and presenting to senior management if needed. Provide analytical support and expertise to the Treasury Department to improve controls and decision-making processes.
• Follow-up on regulatory developments in the field of financial risks.
• Look for ways to optimize the usage of the Bank’s risk-bearing capacity.

Required Qualifications:

• A Master degree in Mathematics, Econometrics, Engineering, Economics, Finance or other related field with strong quantitative focus.
• Experience in using Bloomberg, Reuters, as well as a knowledge of programming or database languages (Excel VBA, SQL, R/Python).
• Strong analytical, mathematical and critical thinking skills with an excellent eye for detail.
• Ability to work autonomously as well as part of a team.
• Ability to communicate effectively (written and oral) in English.
• Knowledge of the regulatory landscape (Basel IV, CRR, IRRBB, EMIR).
• Interest in financial markets.
• Professional certification in Risk and/or Finance such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), Chartered Financial Analyst (CFA) will be an advantage.

What we offer:

• Continuous professional development.
• Training opportunities and support to acquire external qualifications - certifications.
• Opportunity to acquire detailed knowledge of other departments in the Banking division.
• Focus on individual coaching by your people manager.
• A flexible work environment.
• You will have the opportunity to grow further.

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Why join us

Embark on your new adventure at Euroclear, and work at the heart of the global capital markets. We connect over 2,000 financial institutions across the globe. As an open and resilient infrastructure, we contribute to the stability of the financial markets. We help clients cut through complexity, lower costs, and mitigate risks of financial transactions. At Euroclear, we have the clear ambition to use our key role to facilitate and accelerate a sustainable global financial system.

What We Offer:

• Work closely with inspiring, supportive and engaged colleagues from more than 80 different countries.
• Practice your talents in a highly professional international environment.
• Join a learning and development environment with an emphasis on knowledge sharing and training.
• Competitive salary and comprehensive benefits.

Ways of working

Find your own optimal balance within our hybrid working model, where you can connect at the office 8 days a month and also benefit from remote working.

Great Place to Work for All

We are committed to creating an inclusive culture that celebrates diversity and strives to be a Great Place to Work for All. All qualified applicants will be considered for employment, regardless of any aspect that makes them unique (including race, religion, national origin, gender, sexual orientation, age, marital status, pregnancy, disability, ...). If you need any specific accommodation due to disability or any other reason, you can let the recruiter know during your application process. Our values guide how we work together and shape our future: Our mission and values - Euroclear