This new role is part of the Markets Price and Credit Risk & Controls (PCRC) Execution team supporting the Price Risk data quality issue management and governance, data analytics, and strategic data initiatives. 'Price Risk' includes all aspects of market risk management across First Line and Second Line functions, and the initiative sets out to improve and enhance risk management controls and processes across Markets businesses and CTI. Price Risk Execution is a first line cross-asset risk and control function, which operates or facilitates controls to manage the operational risk, valuation risk and governance components of managing quality of Price Risk. The team works closely with Global Markets Trading Businesses, In-Business Risk (IBR), Finance and 2LoD in setting standards and procedures, leading governance, building and managing controls across processes and activities within Price Risk, Standardized Approach for calculating Counterparty Credit Risk under Basel regulations (SA-CCR) and Fundamental Review of the Trading Book (FRTB) Standardized Approach (SA) and Credit Valuation Adjustment (CVA).
The role requires knowledge of Price Risk processes across first and second line risk management, product control, and valuation control, as well as change skills to define, organize and co-ordinate a program of work across businesses and regions. The role supports data quality Issue management and governance process within Markets businesses and functions in driving issue remediation, risk reduction, and data quality improvements end-to-end. It will involve collaboration with stakeholder groups to drive issue remediation, with a robust governance framework as well as a set of practical actions to achieve.
Responsibilities:
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