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Treasury Funding and Risk Trader VP

Ref: 920315

  • €95,000 - €107,000
  • 12 Dec 2018
  • Dublin (Central)
  • Perm



Treasury Funding and Risk Trader VP

The Treasury Funding & Investments division is responsible for the efficient funding needs, mitigating the cost of the liquidity pool, aggregating, hedging and managing interest rate risk on the banking book, and ensuring that the firm fulfills all of its relevant liquidity regulatory requirements.

Key functions include:
• Drive the optimisation the short term funding of the firm in an increasingly regulated environment • Responsible for accurate and timely submission of Benchmark Interest Rates to relevant administrators and calculation agents • Diversify short term external liquidity sources across a range of products and markets • Ensure the firm is funded in line with projected requirements • Responsible for risk management of the firm’s term wholesale liabilities • Management of internal funding processes • Ensure compliance with all internal and external liquidity limits • Manage the size, composition and risk of the liquidity buffer • Responsible for the aggregation of risk in the Banking Book and subsequent hedging and management of any residual risk.
Your Role
• Diversify short term external liquidity sources across a range of products, markets and programmes • Ensure the firm is funded in line with projected requirements; • Provide risk management of the firm’s term wholesale liabilities; • Management of internal funding processes • Comply with all internal and external liquidity limits; • Manage the size, composition and risk of the liquidity buffer; • Responsibility for the aggregation of risk in the Banking Book and subsequent hedging and management of any residual risk • Manage the collateral and margining of both bilateral and cleared transactions • Ensure sufficient liquidity to fund, as well as, comply with ongoing regulatory requirements • Helps to ensure all regulatory and internal liquidity stress requirements are met, and that the future evolution of the Balance Sheet is considered • Ensure risk, P&L, and Balance Sheet are accurately measured and reported, including daily and monthly explains • Manage the risk and PnL of the books within all applicable limits and in compliance with all relevant Treasury • Provide a risk hedging solution to the business clusters (via the ALM Risk Analytics team) that is flexible and adaptive to the business requirements
Essential Skills
• Extensive knowledge and experience in Treasury, Fixed Income, Rates or related experience; • Understanding of the constraints and complexities of managing risk and funding in a legal entity construct • Knowledge of trading desk management and governance framework: • P&L and risk management framework (sign off, limits, etc.) • Deep and thorough knowledge of interest rate markets. Candidate must be able to understand and explain market moves to both junior and senior colleagues, propose & execute strategies for managing interest rate risk, and provide guidance and training to more junior colleagues. • Consistently contributes to discussions on macroeconomics and markets. • Highly proficient in Excel / VBA • Extensive knowledge and experience across fixed income products, proven ability to execute through challenging market conditions; • Basic Risk Management; Interest rate risk measurement, management, and execution, including Structural Hedging • Understanding of Transfer Pricing mechanisms, hedging strategies, Interest Rate and FX derivatives • Strong stakeholder management skills and ability to work across businesses and senior management
Desirable Skills
• Strong interest in Markets, Politics and Economics • Hedge accounting • Knowledge of hedge accounting and how it can be utilised to manage the accounting risk of banking book risks • Day to day supervisory and on-going compliance framework