Join our Regulatory & Financial Risk team as an Assistant Manager, specializing in Market Risk, based in Delhi. This role is integral to Deloitte's Strategy, Risk & Transaction practice, which empowers entities to navigate risks and uncover new avenues for value creation. Our comprehensive risk services cover strategic C-suite risks, board oversight enhancement, financial and environmental policy balancing, and cybersecurity.

As a key member of the Market Risk Reporting & Analytics group, you will be instrumental in analyzing and validating crucial risk and P&L figures, particularly within Basel 2.5 and FRTB frameworks. Your insights will support Front Office (FO) in understanding scenario impacts and managing risk appetite effectively. A core part of your role involves identifying, validating, and resolving data discrepancies and control weaknesses across Market Risk (MR), Credit Control Risk (CCR), and Prime Brokerage (PB) teams, ensuring the accuracy of EOD VaR Flash and pricing error reporting to Risk Managers.

In this capacity, you will play a vital role in the Uncleared Margin Rules (UMR) domain, validating risk measures for Over-The-Counter (OTC) derivatives before Initial Margin (IM) calculation and confirming IM through attribution analysis. You will also act as a crucial point of contact, coordinating with counterparties to address disputes related to Risk Models and Market Data for Initial Margin.

Furthermore, you will contribute to Market Data initiatives, collaborating with Quants on market data analytics and hedging strategies. Your work will also involve supporting regulatory and Market Risk Management (MRM) driven projects focused on strengthening controls for Market Risk/Credit Risk (MR/CR), such as those for FRTB and CCAR Estimated. Identifying infrastructure-related issues and control gaps will be a key focus.

An additional area of responsibility includes Optimization, where you will partner with trading desks to refine optimization methodologies and engage in Risk Rebalancing and Compression runs.

We are seeking candidates with a solid understanding of derivatives and a foundational knowledge of regulatory frameworks like SIMM, FRTB, and BCBS 239. Essential expertise includes familiarity with Greeks, Value at Risk (VaR), and Credit Risk Models, coupled with knowledge of interest rates, credit spreads, and bond pricing.

Exceptional communication and strong analytical skills are a must. While not mandatory, programming proficiency in Python or VBA, along with relevant certifications such as FRM or CFA, would be advantageous. This position requires 3 to 7 years of relevant professional experience and is based in Delhi, IN.