The Risk Department is responsible for monitoring and managing risks related to regulatory obligations, especially those defined by the Basel Committee. Risks are defined as all events liable to prevent the Company from attaining its objectives or maximising its performance. There are several types of risk, including credit risks, operational risks and financial risks:
- Credit risks: the focus here is on monitoring and controlling portfolio risk. This is primarily related either to the opening of cash accounts in our roles as account-keeper on behalf of clients or as UCITS depositary, or to forward currency transactions and securities lending/borrowing activities;
- Operational risks: the emphasis here is on coordinating, overseeing or encouraging actions (already taken or needing to be taken) geared to identifying, quantifying, monitoring, managing and reducing operational risks;
- Financial risks: these risks are primarily generated by balance sheet management activities and give rise to a management report that ensures compliance with risk limits.
Risk Department staff generally possess 2-5 years experience and hold master’s degrees in finance, risks or auditing from specialist business schools.
Candidates require strong analytical skills and must demonstrate attention to detail, thoroughness and reliability. They must also possess good writing skills and sound market knowledge.