Market Risk Executive - CommSec

Summary about this job

Detail information about job Market Risk Executive - CommSec. Terms and conditions vacancy

Do work that matters

In this role you’ll deliver strong risk management leadership, challenge and oversight for CommSec’s Group (CAS and CommSec) suite of leveraged market risk products including margin lending, Options and CFD (OTC). This involves active risk management of portfolio level risk exposures, market -risk reporting and project work. You will be joining a fully integrated Line 2 market risk function which provides review and challenge to the business for both BAU operation as well responding to any newly proposed initiatives.

See yourself in our team

CommSec Risk Management is a division of Business & Private Banking Risk Management within Risk Management B&PB. The team has four key areas of focus – compliance, credit risk, market risk and operational risk.

CommSec Market Risk is responsible for providing guidance for maintaining and enhancing an effective Market Risk Management Framework for CommSec and to ensure risk taking is in accordance with the Business and Private Banking Risk Appetite Statement (RAS).  The team undertakes providing guidance to CommSec on Market Risk related matters and undertakes market risk monitoring, management and reporting of CommSec leveraged products.  It also sets and reviews LVRs for margin lending and sets margins for derivative products.

On any given day you will

• Apply sound understanding of market products, systems, practices and controls.
• Implement and execute appropriately approved Market Risk Oversight methodologies & policies across Margin Lending and Derivatives, both ASX and OTC.  This includes monitoring KRI established in the B&PB Risk Appetite Statement and other ERC approved limits.
• Set Lending Value Ratios (LVR) for collateral used in Margin Lending including IPOs, listed securities (including Exchange Traded Funds and Listed Investment Companies), SMAs and unlisted managed funds.  
• Apply competent financial modelling and risk analysis in moderately complex transactions.
• Proactive management of Exchange traded option, OTC derivative and Margin lending exposures, including timely responses to either individual or industry impacts.
• Implement and maintain systems/models (in collaboration with other specialists) and databases to ensure accurate and timely delivery of reporting.
• Provide technical specialist analysis, reporting and advice to CommSec’s and Risk Management’s leadership on all market risk relating to CommSec Group Businesses.
• Provide thought leadership particularly taking into account ever increasing and changing regulatory landscape.
• Presentation of the monthly Investment and Lending Review Forum (a forum chaired by CEO of CommSec, and attended by the CommSec Leadership team).  Perform and communicate analyses of portfolio and deal characteristics as required.
• Implement and execute all Standard Operating Procedures related to the Line 2 Market Risk function for CommSec Group.
• Actively contribute to decisions and processes impacting CommSec businesses.
• Identify and assess risks which could prevent achievement of the objectives of this role, and plan and execute risk mitigating procedures. 
• Develop and cultivate a team mindset of continuous improvement and innovation culture to ensure the Market Risk team is continually looking to improve its client delivery experience and productivity.

Your path looks like

If you live the values and demonstrate the people capabilities we can offer great opportunities. Whether you want to move across the organisation or up into a leadership role, the way you live the values and demonstrate the people capabilities are key. Use the capabilities required for this role as a guide to the critical skills and behaviours you need for your next move.

We’re interested in hearing from people who possess

• Tertiary qualification ideally in Engineering, Maths or Finance. Postgraduate qualifications such as CFA, FRM or PRM will be highly regarded.
• Strong knowledge of financial markets’ products combined with experience involving the analysis of traded risk in either a front office or risk management team in a major financial/trading institution.
• Strong understanding of financial markets’ products associated regulatory environments (ASX/ASIC/APRA).
• Systems experience including; VBA, Access, SQL, MATLAB and R-Studio would be advantageous
• Document writing experience in producing packs and proposals

At CommBank, we're committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value's driven organisation, we nurture and support our people; through focussing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities. At CommBank you can be you.