We are seeking a Market Risk Intern to join our Treasury/Linear Products team. This role is crucial for the production and analysis of P&L figures and Market Risk indicators, ensuring compliance with market risk limits. The successful candidate will report directly to the MAM Section Head and play a key role in maintaining the integrity and accuracy of financial data.
The ideal candidate will possess a strong analytical background, with the ability to apply mathematical skills to complex financial tasks.
Key Responsibilities are, but are not limited to:
- Collect, validate, and control market parameters using Front Office systems and dedicated environments, including Global View for risk management
- Daily production, control, and analysis of P&L figures and market risk limits utilisation
- Conduct daily production of VAR and back testing of the VAR, along with derived risk indicators such as correlation and stress scenarios
- Prepare and deliver daily reports on all elements of P&L and market risk, including limits breaches, to the business line and the risk manager
- Perform daily control of reconciliation of stocks, past cash flows, and FX positions between Front Office and Back Office systems
- Calculate provisions and hold back reserves as necessary
- Review month-end P&L reconciliation produced by the accounting/financial control department, validating any required adjustments or identified methodology differences
- Participate in the specifications, implementation, and testing of systems used
- Coordinate with the quant team to ensure that the pricers used are validated
- Provide PnL attribution/explanation using Risk indicators and Market Data moves
- Minimal education level
- Bachelor Degree / BSc Degree or equivalent
- Academic qualification / Speciality
- Graduated within the past 18 months and with a minimum of 2:1 or equivalent
- Experience
- Previous experience in Middle Office or Risk Management is desirable
Required skills
- Strong team player with adaptability and flexibility.
- Ability to work under pressure and meet tight deadlines.
- Strong attention to detail and a robust understanding of market activities, particularly Treasury/Interest Rate financial productsTechnical skills required
- Proficient in Microsoft Excel (including VB Macros)
- Knowledge of Python and/or R is desirable
