Eiden Babaj

Project-based work

• Led risk management efforts for Israel and MENA, a high-stakes initiative that began in November and saw sustained volatility into mid-2024
• Took ownership of Israel fund exposure, participating in senior-level discussions to define, monitor, and cross-check Wrong-Way Risk across FX, Rates, and various legal entities
• Worked closely with Gabriel Syed (MD of EM Credit Risk) and Israel EDG desk (Almog & Noham) to maintain a continuous risk assessment process, ensuring real-time monitoring of exposures with heightened C-suite visibility, including risk reports reviewed at the Jamie Dimon level
• Personally accountable for risk analysis, identifying system flaws, and proposing interim solutions to support proactive risk mitigation
• Expanded expertise to MENA-wide risk assessment, strengthening the firm's ability to anticipate and respond to regional market shocks
• Involved in a strategic project with corporate credit seniors to restructure the credit hierarchy framework, redefining how exposure is assessed across corporates, hedge funds, and structured products
• This initiative aims to leverage KYC data to enhance efficiency, streamline credit family definitions, and establish a framework that aligns with both regulatory and business needs
• Worked closely with Kinal Patel and Juan to bridge gaps between fund and corporate risk representation, addressing structural inconsistencies and aligning risk measurement with business priorities
• Engaged in a project to enhance JTD risk capture for Italian asset swaps, collaborating across CCR, QR, MR, and CPG teams to improve exposure monitoring and risk visibility

Flow-based work

• Applied SSE (Scenario Stress Testing), GMC (Global Market Concentration), and Peak exposure modelling to analyze hedge fund and asset manager portfolios with complex swap activity
• Proactively mastered Peak exposure forecasting well ahead of analyst expectations, refining risk methodologies to anticipate potential future exposure profiles across various credit mitigants
• Identified and resolved data quality (DQ) issues related to methodology, pricing feeds, and exposure calculations, ensuring that counterparty risk assessments remained precise
• Assessed SFT books, particularly within FIRV basis strats, and advocated for cross-netting and margin setups to support business continuity while remaining within limits (Kedalion, LMR).
• Led multiple fund financing transactions (Arcmont, OneIM) across ABL facilities and sub-lines, as well as GCB non-recourse margin loans to sovereign wealth funds (SWFs)
• These transactions were of significant scale to the bank, requiring a balance of risk assessment, negotiation, and senior-level approvals within tight deadlines
• Adapted structuring approaches to ensure optimal credit outcomes while preserving client relationships and business continuity
• Took full ownership of portfolio risk management and BAU execution following my associate's mid-year departure
• Effectively managed increased workflow, complex risk assessments, and time-sensitive escalations, demonstrating a capacity for rapid learning, resilience, and high-pressure decision-making in an independent capacity
• Developed a broad cross-LOB perspective, gaining insights into market structure, trading desk dynamics, and institutional risk tolerance, along with a detailed operational grasp of the bank

• Presentation on Eurozone core and peripheral bonds widening, modelled the impact of haircuts on Blackrock's biggest global fixed income fund using python
• Conducted volatility and macroeconomic impact assessments, providing recommendations to PMs and traders on optimal FX positioning in response to rate fluctuations
• 1st out of 4 interns (highly selective program) in portfolio simulation game, 8% return in 1 month

• Integrated accounting software to manage payrolls, PAYE, invoices, cash flows, and taxes

• Assisted in pricing and structuring the first $300M cryptocurrency insurance policy at Lloyd's, contributing to a +10% premium adjustment