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12 Month Internship - Market Activity Monitoring Analyst


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020). Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference

2021-58067  

Publication date

09/06/2021

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

12 Month Internship - Market Activity Monitoring Analyst

Contract type

Internship/Trainee

Job summary

Summary

 

Key Responsibilities

 

This role reports directly to the MAM Section Head for Treasury/Linear Products.

The MAM Department has two key responsibilities:

1)     Production and analysis of the P&L figures

2)     Production and analysis of the Market Risk indicators and monitoring of their associated limits.

 

Systems: this production is carried out using Front Office systems and dedicated environments.  Global View is the dedicated tool used for risk management purpose.

 

·         Collections, validation and control of market parameters.

·         Daily production, control and analysis of P&L figures and market risk limits utilisation.

·         Daily production of VAR and back testing of the VAR, derived risk indicators (correlation, stress scenarios, etc).

·         Daily report of all elements of P&L and market risk (including limits breaches) to the business line and the risk manager.

·         Daily control of reconciliation of stocks and past cash flows, FX positions between FO system and BO systems.

·         Calculation of provisions, hold back reserves etc.

·         Review of month end P&L reconciliation (accounting P&L Vs MAM P&L) produced by the accounting/financial control department. The MAM department plays an active role in this exercise, as it needs to validate any required adjustment or identified methodology differences (of any pending items).

·         Organisation, preparation of the ‘valuation process committee’ in co-ordination with the business Line Risk manager (meeting called upon request).

·         Participation in specifications, implementation and tests of the used systems.

·         Coordination with the quant team to make sure that the pricers used are validated.

·         PnL attribution/explanation using the Risk indicators and Market Data moves.

 

Legal and Regulatory Responsibilities

 

·          Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy.

·          Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Position localisation

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

High school / Secondary school / A levels / AS levels / IB

Academic qualification / Speciality

Essential:

Qualifications to at least A Level, with mathematical qualification included.

 

Desirable:

Further education with emphasis on Markets / Economics an advantage.

Required skills

Essential:

Previous Middle Office / Risk Management  experience

Desirable:

Previous use of K+ and / or SUMMIT useful.

Technical skills required

Essential:

Team player

Adaptability and flexibility

An ability to work under pressure and to tight deadlines

Strong attention to detail

Knowledge of the market activities, Treasury / Interest Rate financial products.

 Good experience/knowledge of Microsoft EXCEL (VB Macros) & ACCESS.

 

Desirable:

Mathematical profile / ability is required to perform analysis on P&L and risk indicators.

 

Knowledge of our systems (KONDOR+, SUMMIT, even MUREX) an advantage.

Specific knowledge of Interest Rate Derivative deals would be advantageous.