Market Risk Analyst
The Position:
Reporting to the Head,
Market Risk, and the position will support coordination of the Group’s market
risk and asset and liability management. The position will also support the
identification and evaluation of market, liquidity and country risks,
development of the respective risk policies including providing support to the
Business units in risk return analytics and maintenance of the Treasury Front
Office and Market Risk System.
Key Responsibilities:
- Maintenance,
development and customization of market risk and asset and liability
management policies, procedures and controls for the Bank and its
subsidiaries.
- Management
of the periodic monitoring and reporting of market, liquidity and country
risk exposure against limits and reporting of breaches as per policy and
understanding and reporting on underlying reasons for market changes and
their impact on risk and market value.
- Overseeing
the maintenance of the Treasury Front Office and market risk system across
the Group.
- Validation
and maintenance of pricing and value at risk models for both current and
new Treasury products as they are introduced including back testing.
- Supervise
and continuously improve the periodic risk reporting including analysis
and commentary as additional information becomes available with the
implementation of the market risk system across the Group.
- Production
of risk versus return analysis for the respective Treasury products to
obtain optimal market risk portfolio, risk-transfer strategies which
ensure compliance with the risk tolerance and maximize economic value.
- Utilization
of statistical forecasting techniques to predict movements in market
factors and use this information to develop meaningful scenarios and
stress tests for scenario analysis and stress testing.
- Modelling
of deposits for use in management of liquidity and interest rate risk in
the banking book and Basel III implementation.
- Development
of criteria for allocating market risk-based economic capital to business
and trading units and contribute to the Enterprise Wide Risk Management of
the Group.
- Providing
support and training the junior market risk analysts across the Group.
- Profit
& loss attribution analysis, price verification and liaison with
Finance and Treasury on P&L reconciliation of reported results.
- Support
the MTM process by ensuring that the MTM sources are updated and
reflective of market rates/prices.
- Establish
and maintain control framework to ensure compliance with internal
policies, procedures, BASEL requirements, Codes, and applicable external
laws and regulations and support the ICAAP reporting for the Group.
- Contribute
towards development of the Group’s strategic risk management
capability and risk/return assessments and benchmarks.
Qualifications
For the above position,
the successful applicant should have the following:
- A
University degree from a recognized university in Mathematics, Finance,
Economics, Computer Science, Statistics for related field.
- Any
one qualification from the list – ACI Dealing, PRM, FRM, CFA, CPA(K).
- Master’s
degree is an added advantage.
- 5
years’ experience in a Market Risk or Treasury unit of a bank or financial
services sector.
- Comprehensive
understanding of Treasury products.
- Good
understanding and command of SQL programming language or prior experience
with database management especially oracle or SQL Servers as well as
advanced proficiency in Excel.
- Good
management skills including organizational, presentation &
communication and problem-solving skills.
- Demonstrated
high integrity and team spirit.
- Possess
excellent analytical skills, be open-minded and have the ability to
identify alternative solutions.
How to Apply
The above position is
demanding role for which the Bank will provide a competitive remuneration
package to the successful candidate. If you believe you can clearly demonstrate
your abilities to meet the criteria given above, please log in to our
Recruitment portal and submit your application with a detailed CV.
To be considered your
application must be received by Friday, 25th November
2022.
Qualified candidates with
disability are encouraged to apply.
Only short-listed
candidates will be contacted.
