Risk Analyst (Switzerland)
Job Description:
The Bank for International Settlements (BIS) is an international financial institution that promotes central bank cooperation and provides banking services exclusively to central banks. Based in Basel, Switzerland, with representative offices for Asia and the Pacific in Hong Kong SAR and for the Americas in Mexico City, the BIS has staff from some 50 countries.
The BIS seeks a Risk Analyst for the BIS headquarters in Basel, Switzerland.
Purpose of the job:
- To contribute to the assessment of methodological alternatives for the measurement and management of risk capital and exposures across all risk types
- To specify, develop and document quantitative models for the use of Risk Control and to contribute to their calibration
- To contribute to the validation of quantitative models and tools developed by the Banking Department
- To contribute to the selection, implementation and maintenance of IT solutions with a particular focus on ensuring the quality of delivered applications
Principal accountabilities:
- Risk capital quantification and exposure measurement:
Specifies, develops, implements and documents quantitative models for the measurement and management of risk capital and exposures across all risk types. Contributes to the drafting of notes to Senior Management or to Audit by providing ad hoc quantitative analysis support. Contributes to the calibration of Risk Control models.
- Product development:
Contributes to the implementation of new products in Risk Control systems to ensure that Risk Control performance and risk measures appropriately reflect the resultant risks. Contributes to the validation of quantitative models and tools developed by the Banking Department.
- Project management:
Contributes to the project management responsibilities of the Risk Methodology group.
- Risk Control IT:
Supervises the specification of IT systems to support Risk Control. Provides functional support to the Credit Analysis and Market Risk units. Contributes to system testing efforts.
- Internal relationships:
Liaises with the Banking Department with regard to methodological matters and with Banking IT on IT system implementation.
- External relationships:
Develops and maintains relationships with peers at commercial institutions and central banks.
Job Requirements:
- University degree (Master's level or equivalent) with a quantitative or IT focus (eg computational finance, mathematical finance, mathematics, physics, economics, engineering)
- Thorough understanding of quantitative models for the measurement and management of risk capital and exposures across all risk types
- Solid foundations in mathematical finance (fixed income instruments, including derivatives)
- Trading experience an advantage
- Willingness to develop project management expertise
- Excellent interpersonal and communication skills, good team worker, multicultural sensitivity, proven client orientation
- Excellent written and oral English; other major world languages a plus
- Three to five years' relevant working experience in a risk management / front office function or a PhD
The BIS offers attractive conditions of employment in an international environment.
Applicants are invited to submit their applications online by 12 January 2007.
Apply Here
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