2,307 Market Risk jobs in India

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.
Market Risk

Equal employment opportunity information

KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.
Post Graduate

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

Job Title: BA -Market Risk

Function: Financial Risk Management

OVERVIEW

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

Why Choose KPMG India?

• Dynamic Work Environment : Be a part of an innovative team that values creativity and fresh ideas.

• Growth Opportunities : We provide excellent training, mentorship, and career advancement.

• Attractive Benefits : Competitive salaries, health insurance, and more!

Role & Responsibilities

• Independently manage medium to large projects through the lifecycle and use BA tools proficiently (business requirement documents, functional specification documents, data matrix, Work Flow Diagram)

• Run test management processes for medium to large scale projects (Test Strategy/Approach documentation, managing User Acceptance Testing, building test plans and test scenarios, building implementation plans.)

• Assist our stakeholder businesses with their tactical/strategic solution requirements, services and/or program.

• Must be able to work with Technology, Risk Management, Risk Middle Office, and Front Office to identify and maximize opportunities that help in delivery of projects and to improve product, service and program, business processes also must have the ability to work with a team and train people on various subjects, structure the project governance model and work together with regional counterparts to devise induction framework for all the resources entering into the project.

• Assist our stakeholder in Project Management for Medium to large scale projects.

• Prepare project reports (weekly project update, monthly status update, highlighting risks, resource utilization, analyses trend, recommends adjustments that address or capitalize on these changes.)

• Run test management processes for medium to large scale projects (Test Strategy/Approach documentation, managing User Acceptance Testing, building test plans and test scenarios, building implementation plans.)

Experience required:

• Strong understanding of capital market products and derivatives across asset classes

• Good knowledge of the Market Risk Management domain areas such as VaR, ES and its computation methodologies.

• Experienced with Business Process Management tool - ARIS

• Good understanding of the Basel norms, particularly FRTB (SA and IMA Methodology) and Basel standards

• Experience working in Capital and RWA computations.

• Ability to operate in both agile and waterfall style project methodologies and understand deliverables required for each methodology.

• Attention to detail and high-quality standards of documentation, processes, and control environment.

• Experience in the full E2E systems delivery lifecycle (SDLC) / Agile framework.

• Detailed knowledge of all Microsoft Office products, Word, Excel, Power Point, Project, and Visio

• Proficiency in data analysis, virtualization, and BI solutions - SQL, Python, Dremio, PowerBI, Alteryx, Tableau etc.

• Excellent communication, organization, prioritization, and documentation skills

• Flexibility - adapts effectively to changing plans, domains and priorities; Is open and flexible when faced

with changing project constraints

• Deals comfortably with ambiguity - Stays on target to complete goals regardless of obstacles or adverse circumstances.

• Rigorous follow ups through on all commitments to achieve results.

• Excellent and demonstrable understanding of "best practice" approaches to functional testing especially User Acceptance Testing.

Qualifications:

• Degree/ Qualified accountant/FRM with regulatory reporting background.

• CA/MBA(Finance)/ (stats)

• Certifications in CFA/ FRM

• A power user of Excel spreadsheet and PowerPoint. Acumen and demonstrated knowledge to use visualization tools (, Power BI) will be advantageous.

• Investment banking product knowledge and other regulatory development around IB

• SAS, Python

>> People BENEFITS

• Continuous learning program

• Driving a culture of recognition through 'ENCORE' our quarterly rewards and recognition program

• Comprehensive medical insurance coverage for staff and family

• Expansive general and accidental coverage for staff

• Executive Health checkup (Manager & above, and for staff above the age of 30)

• Les Concierge desk.

• Internal & Global mobility

• Various other people friendly initiatives

• Strong commitment to our Values such as CSR initiatives

The opportunity is now! If you are interested in being part of a dynamic team, serving clients and reaching your full potential - KPMG Advisory Services is for you!


Equal employment opportunity information

KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.
FRM / CA

About KPMG India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

Roles And Responsibilities

Review, analyze, and resolve data quality issues across IM Data Architecture

Coordinate with data owners and other teams to identify root-cause of data quality issues and implement solutions.

Coordinate the onboarding of data from various internal / external sources into the central repository.

Work closely with Data Owners/Owner delegates on data analysis and development data quality (DQ) rules. Work with IT on enhancing DQ controls.

End-to-end analysis of business processes, data flows, and data usage to improve business productivity through re-engineering and data governance.

Interact with business stakeholders to identify, prioritize, and address data-related needs and issues.

Document business requirements and use cases for data-related projects.

Manage change control process and participate in user acceptance testing (UAT) activities.

Implementation of data governance framework as a part of projects involved.

Identify and escalate issues in a timely manner.

Support other DAG initiatives.

Key Skills

Ability to interact with business and technology teams to understand processes and data usage.

Capable of driving multiple projects alone

Ability to do data analysis and trace data lineage

Capable of working across organization and as part of a cross-functional virtual team.

Ability to work and think independently, but within a team-based approach.

Problem solver, self-starter, ability to work through an entire issue lifecycle. Ability to effectively prioritize and multi-task.

Strong communication skills

Key qualifications

Bachelor's Degree/ Master's required and any other relevant academic course a plus.

Strong domain knowledge of investment banking data

5+ years of data management, data analytics, and data governance experience in financial services

Experience in data analysis and profiling using SQL is a must

Knowledge in coding, Python is a plus.

Experience working with BI reporting tools like Tableau, Power BI is preferred

Equal employment opportunity information

KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you. , MBA

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

Roles And Responsibilities

Proven experience in market risk, risk modeling or model validation. Assess the model's conceptual soundness and methodology. Develop tests to assess the model methodology and assumptions. Market Risk Models - Value at Risk, Expected Shortfall, Pricing of plain vanilla and exotic derivatives, Pricing of Credit derivatives, FRTB (SA & IMA), Counterparty Risk Exposure models, FVA, PVA, IPV, Stress Test Models - CCAR etc.

Reviewed pricing models based on simulations or path dependent models. Assessed calibration of these models with market data.

Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses, and assumptions.

Strong understanding of regulations and guidelines like SR 11-7 or other equivalent guidelines for model risk management.

Perform independent testing to check robustness of the model.

Document validation processes, findings, and recommendations in detailed reports.

Understanding of financial instruments and market risk.

Detail-oriented with strong problem-solving skills and a proactive approach to challenges.

Qualifications :

Bachelor's degree in Mathematics, Statistics, Economics, Finance, Physics or a related field. Advanced degrees or certifications (, CFA, FRM, CQF) are a plus.

Proven experience in model validation, quantitative analysis, or a similar role within the financial services industry.

Strong analytical skills and proficiency in statistical software/tools (, Python, R, SAS).

Equal employment opportunity information

KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you. PGDM, CA

Job Title : Associate Market Risk

Experience : 1-2 Years

Location : Mumbai

Shift Timings: 11.30am to 9.30pm IST

Primary Responsibilities

• Risk Analysis using Stress Testing, VaR, Backtesting and other measures.
• Uploading and Analyzing sample prospective portfolios, comprising of several financial product types in Equities, Convertible Bonds, Corporate Bonds, Swaps (IRS/CDS), Options and Futures on Commodities/Index/Interest Rates/Currencies.
• This may involve searching for relevant tickers/identifiers for such products, using Bloomberg and other internal sources/databases.
• Analysing live client portfolios, highlighting risk issues/concerns, and recommending margin policy changes.
• Conducting Risk analysis for the various funds analysing factors like Liquidity, Concentration, etc.
• Senior Management Risk Reporting and Trend Analysis for the various businesses.
• Streamlining/Automation/Tool Building for Internal Risk Management.
• Liaising with the relevant regional stakeholders (Risk, Margin, Credit, IT, etc.) in terms of periodic risk deliverables.
• Participate in global risk projects in terms of requirements gathering, developing, testing and validation.

Required Skills

• Graduate degree in Mathematics or Engineering with strong analytical skills.
• Experience in the Finance industry.
• FRM / CFA 
• In-depth understanding of Financial Products (Equities, Options, Futures, Bonds, Commodities, Rates, Credit) and good understanding of risk in such products.
• Working Knowledge in any of (VBA /Python/R) programming languages or ability to analyze large data sets using SQL/Excel/Power BI tools.
• Strong Analytical skills and hands-on approach to problem solving.
• Exceptional organizational skills and high degree of attention to detail.
• Enthusiasm to volunteer for planning, organizing, and participating in events held by the department and the Firm.

Job Title : Associate Market Risk

Experience : 1-2 Years

Location : Mumbai

Shift Timings: 11.30am to 9.30pm IST

Primary Responsibilities

• Risk Analysis using Stress Testing, VaR, Backtesting and other measures.
• Uploading and Analyzing sample prospective portfolios, comprising of several financial product types in Equities, Convertible Bonds, Corporate Bonds, Swaps (IRS/CDS), Options and Futures on Commodities/Index/Interest Rates/Currencies.
• This may involve searching for relevant tickers/identifiers for such products, using Bloomberg and other internal sources/databases.
• Analysing live client portfolios, highlighting risk issues/concerns, and recommending margin policy changes.
• Conducting Risk analysis for the various funds analysing factors like Liquidity, Concentration, etc.
• Senior Management Risk Reporting and Trend Analysis for the various businesses.
• Streamlining/Automation/Tool Building for Internal Risk Management.
• Liaising with the relevant regional stakeholders (Risk, Margin, Credit, IT, etc.) in terms of periodic risk deliverables.
• Participate in global risk projects in terms of requirements gathering, developing, testing and validation.

Required Skills

• Graduate degree in Mathematics or Engineering with strong analytical skills.
• Experience in the Finance industry.
• FRM / CFA 
• In-depth understanding of Financial Products (Equities, Options, Futures, Bonds, Commodities, Rates, Credit) and good understanding of risk in such products.
• Working Knowledge in any of (VBA /Python/R) programming languages or ability to analyze large data sets using SQL/Excel/Power BI tools.
• Strong Analytical skills and hands-on approach to problem solving.
• Exceptional organizational skills and high degree of attention to detail.
• Enthusiasm to volunteer for planning, organizing, and participating in events held by the department and the Firm.

, India
**Job Family Group:**
Finance
**Worker Type:**
Regular
**Posting Start Date:**
July 31, 2025
**Business unit:**
Finance
**Experience Level:**
Experienced Professionals
**Job Description:**
**What's the role?**
The **Market Risk Integration Manager** is a member of the Market Risk team and reports to the Global Market Risk Manager. The Market Risk Team is responsible for understanding the trading markets and strategies employed by the trading business of Shell Trading and Supply.
The Shell trading business is one of the world's largest independent energy companies, operating in more than 70 countries.
You will be responsible for the following:
+ Develop and apply fair economic value principles across the all of T&S business, coordinating across the global risk managers to ensure consistent application. This includes providing modelling support and challenge with stakeholders on valuation inputs and parameters.
+ Ensure new processes being set up, new business integration with Trading or coming under the purview of Market Risk, new finance controls being designed, etc are consistency being adopted and used across all of T&S.
+ Ensure development of industry leading and standard risk measurements techniques across all lines of business.
+ Support Global Market Risk Manager to develop new capabilities in ETRMs or Market Risk tools
+ Ensure data integrity and fidelity designs of PDS are future proof working with Heads of PDS, Credit, GCS and other projects across Shell Trading and Finance.
+ Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite.
+ Identify risks, look at model and portfolio assumptions, market inputs, pricing issues, valuation parameters and instrument types.
+ Produce ad-hoc analysis to explain P&L or exposure changes to Front Office, assist them with queries and requests for system setup changes.
+ Produce executive level summary of T&S performance, risk emergence, stress scenario etc for CFO, EVPs and CRO of Shell.
+ Ability to solve real world business problems using quantitative and computational techniques.
+ Provide analysis, review and comments on New Business Proposals. Where applicable, provide peer review and challenge to the deal proposals for other businesses. Ensure that the systems and support functions are ready for when trading commences.
+ Carry out the review and execution of SOX controls within their organization, and manage communications with auditors after they are completed.
+ Develop new controls where necessary to support appropriate operations and assurances for Finance and Trading.
+ Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures.
+ Assist in limit setting and monitoring of the T&S business, but equally play a key role in limit setting globally across the Trading and Supply business. Ensure that all trading activities remain within mandated limits, and escalate appropriately if they are exceeded.
+ Promote a culture of continuous improvement across all levels of the organization by having courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces.
+ Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
+ Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including VaR back-testing, stress testing, scenario analysis, liquidity analysis.
+ Understand and explain changes in VaR by breaking down the impact by its underlying drivers, and ensuring that the VaR accurately reflects the positions taken and volatility of the relevant market.
+ Produce content for and occasionally participate in the quarterly Risk Committee meetings with Senior Leadership. Powerpoint skills to produce presentations for Executive level presentations.
+ Ensure that Market Risk fulfils its role as an independent "check and balance" function and is viewed as such by other parts of the organization.
+ Define and advance analytical mindset and behaviours by providing support for training and learning opportunities to analysts to enhance their understanding of trade book strategies, complex deals, trading and risk mandates, and market fundamentals.
**Competencies**
+ Capable of being independent from front office; able to objectively analyse and report risks and exposures. Regularly engage in discussion with traders and management about exposure taken and resultant P&L.
+ Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates.
+ Strong understanding of the integrated value of Shell Trading, Trading strategies, option modelling, System or ETRM implementation.
+ Strong understanding of Risk management or monitoring tools or techniques would be advantageous.
+ Excellent communication skills; the role will require writing reports and policies and presenting analysis and insights to senior stakeholder.
+ Team player, with good collaboration and interpersonal skills. Ability to work with cross functional teams and influence without direct authority.
+ Ability to articulate and communicate complex scenarios and ideas in a clear and concise manner whilst understanding the perspective and experience of others.
+ Ability to coach and mentor team members as well as members of other teams who require knowledge or skills that Risk can provide.
**What we need from you**
We are keen to hear from risk professionals with substantial experience within a trading and risk management organization, including a strong understanding of trading, operations, risk, compliance and mid/back office business processes, policies, procedures and controls.
**We would also like to see the following:**
+ Degree in Business, Economics, Mathematics, Science, Engineering or IT; or relevant workplace experience in the energy trading industry.
+ Experience of leadership in a team or project; leader and adviser in implementing new processes with short-dated hard deadlines.
+ Thorough understanding of financial, commodity and energy markets, derivative instruments, and hedging techniques. Knowledge of options theory, risk of options, and trading strategies.
+ Candidates shall possess extremely good judgment and shall be able to provide advice, while balancing risk and value on a daily basis.
+ Reliable, dependable and disciplined. Excellent attention to detail, methodical, organized. A trusted partner of the business.
+ Resilient when working under pressure, with the ability to prioritize tasks to meet key deadlines.
+ Good judgement to provide advice, question discrepancies, escalate issues.
+ Learner mindset; innovative and creative, excellent problem-solving capabilities.
+ Technology oriented; ability to utilize new technologies to enhance existing controls, processes, and offer detailed trading insights
-
**An Innovative place to work**
There's never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
Our business has been built on a foundation of innovative technology and skilled employees. By providing energy to sustain people's lives for more than a hundred years, Shell has become one of the world's leading companies.
Join us and you'll be adding your talent and imagination to a business with the ambition to shape the future. At Shell, everyone does their part.
**An Inclusive place to work**
Shell is working to become one of the most diverse, equitable, and inclusive organizations in the world. We are taking steps to create an environment where everyone - from our employees, to our customers, partners, and suppliers - feels valued, respected, and has a strong sense of belonging.
To achieve this, we must ensure all people are treated fairly, irrespective of their race, color, religion, age, gender, sexual orientation, gender identity, marital status, disability, ethnic origin, nationality, or other status.
To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment - one where you can express your ideas, extend your skills, and reach your potential.
We're closing the gender gap - whether that's through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
We're striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
**A rewarding place to work**
Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
We're huge advocates for career development. We'll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.
**DISCLAIMER:**
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.
You can be a part of the future of energy. Together at Shell, we are transitioning to become a net-zero emissions business while providing the energy that people around the world need today. Working with experienced colleagues , you'll have the opportunity to develop your skills, in an environment where we value honesty, integrity and respect for one another. At Shell, you progress as we tackle the energy challenge together.
#PowerYourProgress
**Visit our careers site ( has a bold goal: to become one of the world's most diverse and inclusive companies, a place where everyone - from our employees to our customers, partners and suppliers - feels valued, respected, and has a strong sense of belonging.
Find out more about DE&I at Shell ( is a global group of energy and petrochemical companies, employing 96,000 people across more than 70 countries.
Whether they work on our platforms and pipelines, or in our offices and research labs, people are key to our success. They collectively determine our culture and we expect them to behave according to our values: honesty, integrity, and respect for people.
Learn more about our purpose and strategy (