Market Risk Cover Letter

In response to your job posting for market risk, I am including this letter and my resume for your review.

Previously, I was responsible for independent review and validation of market risk type models including VaR and stressed VaR as part of both standard risk management and CCAR/DFAST.

Please consider my experience and qualifications for this position:

• Review and challenge of Product and Structural hedging strategies proposed by Treasury
• Review and challenge of the behavioural assumptions used for hedging market risks within BUK and BI
• Developing/owning and documenting models related to NTMR measurement/quantification and will need to ensure compliance with the Group Models policy
• Producing and presenting regular and adhoc MI/analysis related to IRRBB, FX and other market risks to senior management
• Production of regulatory MI related to IRRBB, FX and other market risks
• AgriBusiness, Business or Economics majors preferred
• Knowledge of oil transactional instruments
• In depth knowledge of logistics and deal economics relating to oil transactions

I am excited to be applying for the position of market risk. Please accept this letter and the attached resume as my interest in this position.

Previously, I was responsible for general front-line day-to-day challenge and advice on all aspects of deal valuations, impact on VAR and authorised limits, post investment review (PIR) of ring-fenced deal in terms of PnL, reserves, estimate of working capital utilisation etc.;.

My experience is an excellent fit for the list of requirements in this job:

• In depth experience in a given or multiple asset classes in a Market Risk or similar capacity, with experience in of Market Risk Management, Valuation Control, Regulatory Capital, and Product Control functions
• Strong market risk knowledge and quantitative analytical skills
• Equities Derivatives background preferred
• Strong Python and VBA skills preferred
• Experience of Financial Services Risk Management or Middle Office / Operations function including end to end trade lifecycle / data flows
• Proficient knowledge of risk management methodologies
• Team management and stakeholder interaction at Director level and above
• FRM, PRM, and/or CFA certification, or progress toward related certification

I submit this application to express my sincere interest in the market risk position.

In my previous role, I was responsible for statistics and KPIs for a quarterly review with Front Office and Senior Management.

Please consider my experience and qualifications for this position:

• Experienced in using a CRM
• Strong analytical skills with great attention to detail solid controls mindset
• Strong product knowledge and market risk management experience, preferably within the Fixed Income space
• Proven track record in risk management or risk reporting role
• Working experience in banking, trading or marketing environment
• Working experience with risk management, trading or sales and distribution computer systems
• Demonstrable experience in building sustained relationships with senior IT leadership application and delivery leads
• Strong understanding and knowledge of VaR/StressVaR and risk sensitivities

I submit this application to express my sincere interest in the market risk position.

In the previous role, I was responsible for analytical, strategic and financial modeling support for the development of Pricing & Market Access strategies for products in development.

Please consider my qualifications and experience:

• Attentive to details with strong analytical and technical skills
• Strong interpersonal and relationship building skills to foster strong relationships with clients and stakeholders across all levels
• Understand latest regulatory rules/ changes and corresponding rwa treatment
• Have a strong numerical aptitude
• Have experience and a strong knowledge of Excel to manipulate and interpret our data
• Have proven analytical abilities to understand in detail the numbers reported
• Be confident working both independently and in a team
• A good understanding of the principles of market risk measurement and quantitative finance and how these can be applied to create robust controls in a trading business

I submit this application to express my sincere interest in the market risk position.

In the previous role, I was responsible for impact analysis of FRTB VaR, Stressed VaR and NMRF updates.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Basic understanding of Basel III Market risk calculation rules and familiar with wider regulatory reporting framework
• Delivery oriented, strong team focused and controls focus
• Willing not only to embrace change but to actively look for improvements in current work practices
• Commodity market experience with knowledge of gas and/or power markets
• Fundamental/deep understanding of the ERCOT power market and gas equivalent calculations
• Understudy risk analysts and programmer – make improvements or rewrites of existing risk/ pnl reporting applications, eg improve existing price feed routines and price database
• Understand, support and maintain the Trade Capture system and Derivatives PnL system (VBA)
• Create and automate reports one tracks trading performance using historical price and risk data (with guidance, requirements coming from risk analysts)