Risk Management
Specialists
Duty station: Uganda - Tenure up to
3 years
Reporting to: Manager Risk and
Compliance
He/She is
also responsible for monitoring Operational Risk arising out of handling market
risks and financial Ratios.
Duties and Responsibilities
Market Risk Related
- Review and formulate risk management policies and ensure that appropriate systems, procedures, limits and guidelines are in place to implement those policies so as to pre-empt and avert financial stresses and crises.
- Establish a comprehensive market risk framework, including market risk methodology
- Interpret market risk policies and ensure correct application. Develop and apply market risk assessment systems as they apply to DFIs.
- Identify, monitor and report market and counterparty risk exposures arising from treasury investment and funding operations.
- Provide clear briefings of current events and issues to management. Perform ad-hoc analyses around the business (including notable new transactions) in order to assist management decision making
- Regularly engage in dialogue with unit heads around market risk appetite, risk limits and individual large and complex transactions
- Quantitatively evaluate treasury risk positions (mark-to-market or mark-to-model) including internally and externally managed investment portfolios, derivative portfolios, structured bond issuance and related swap transactions.
- Promote the application of advanced risk analytics to measure and monitor risk exposures and enhance the methodology and process to reflect new market development, risk policies, and technologies.
- Monitor changes of counterparties’ credit ratings, undertaking credit researches and analyses and evaluating the valuation methodologies for credit risk.
- Prepare regular management reports on the performance of investment operations and related attribution analysis and contribute to the formulation of investment policy.
- Assist in the maintenance and implementation of analytical systems and reporting requirements of market and treasury risk to enhance the timeliness and accuracy of information to end-users.
- Initiate progress opportunities for process improvements; enhance accuracy and completeness of market risk metrics, and advance cross-regional and product analysis.
- Produce and report risk metrics (including Stress Testing, Historical Simulation, VaR Analysis)
- Work on regulatory driven market risk exercises
Operational Risk Related
- Assist in supervising the Back Office functions related to investment and funding activities by ensuring a timely and accurate confirmation of Deposits and swap transactions and a correct capturing of the trade terms and conditions.
- Monitor prompt settlement of deals by Back Office with regard to receipt and payment of funds contracted.
- Follow up on regular reconciliation of bank accounts to ensure no unauthorised transaction has occurred.
Financial Aspects
Undertake
regular checks and confirm to the management the correctness of application of
rules and ratios arrived in respect of the following:
a.
Liquidity Ratio
b. Capital
Adequacy
c.
Debt/Equity Ratio
d.
Translation Risk Revaluation
e. Other
Financial Ratios
Carry out
any other duties as assigned by Management.
Qualifications and Experience
- Masters and Bachelors qualifications in Risk Management or Finance (or equivalent)
- Professional qualification such as CFA will be an added advantage.
- Demonstrably numerate
- Good existing knowledge of financial markets, preferably in credit and interest rates (including derivatives). Broad interest in markets essential
- Understanding of risk sensitivities and P&L drivers
- Have a good understanding of the fundamentals of trading.
- Good technical skills (Risk methodology/Products/Systems)
- Have good programming abilities and knowledge of MS Excel (with VBA preferred)
- Strong analytical & quantitative skills, experience and working knowledge in statistics
Other Attributes
- Excellent written and spoken communication skills
- Outstanding analytical skills
- Proactive and able to work independently
- Ability to manage own workload
- Lateral thinker and commitment to getting things done
- Detail focused and Strong team player
How to Apply:
If you are
a national of one of the EADB member states and your career aspirations match
these challenging and exciting roles, please submit your application by email,
quoting the position on the subject line and the cover letter.
The cover
letter should specify your suitability for the position that you are applying
for and the CV should highlight relevant experience, details of current and
expected salary, a day time phone contact, email address, and the names and
telephone contacts of three professional referees.
Applications
must be received by close of business Wednesday 21 May 2014 and should be
addressed to:
Adept
Systems
Management
Consultants
P O Box
6416, Nairobi,
GPO 00100
Email: recruit@adeptsystems.co.ke
Please note
that we do not charge fees for receiving or processing job applications.
Only
shortlisted candidates will be contacted.
Previous
applicants need not re-apply.
Note that
our client reserves the right not to offer or make any appointments or to offer
appointments to alternative positions where deemed appropriate.
