Market Risk Analyst Job in Kenya - National Bank

National Bank

Position Title: Market Risk Analyst

Job Ref No.HR/02/16
 
Division: Enterprise Risk
 
Reporting to: Manager, Market Risk

Position scope: Co-ordinating accurate analysis of market risks, implementing controls within the business unit to meet all regulatory and internal requirements, ensuring proper functioning of day-to-day controls and periodic monitoring of risk issues for timely resolution.
Key Responsibilities:
  • Monitor all market risk activities on a timely basis including investigation and reporting of limit excesses for approval by the Head of Enterprise Risk.
  • Conduct daily reconciliation of CBK accounts against GL and Internal Ledgers to provide accurate positions.
  • Support the Manager Marketing Risk to review and analyze key exposures, limits and their utilization in view of prevailing market conditions.
  • Support the Mark to Market (MTM) process by ensuring that the MTM sources are updated and reflective of market rates/prices.
  • Daily production and distribution of market risk and credit risk reports to Treasury Department.
  • Liaise with Business Units in particular Treasury to provide market risk support and analyses.
  • Liaise with internal / external auditors and regulators where appropriate.
  • Establish and maintain control framework to ensure compliance to Bank’s policies, CBK regulations, accounting and operating procedures/codes, including Anti-Money Laundering regulations.
  • Contribute towards development of the Bank’s strategic risk management capability and risk/return assessments and benchmarks.
  • Review Product Design Documents (PDDs) in line with business strategy
  • Conduct reconciliation of FX position accounts to provide accurate dealer and country positions.
  • Co-ordinate with Finance Dept to resolve Balance sheet.
  • Support the back-testing and stress-testing processes and perform other analyses where required.
  • Investigate and report off-market rate transactions.
Key Performance Indicators:
  • Financial performance through growth in Bank’s profitability
  • Business development and / strategic initiatives
  • Increased efficiency in Internal operations through Operational and Risk control
  • Compliance with Internal and regulatory policies
  • Improved relationship with External Parties & Others
Work Relationships:
 
Internal
  • Treasury
  • Finance
  • ALCO Team
  • Head of Divisions
  • Internal Audit/Compliance
  • Back Office
  • ICT Line Managers
External
  • External Auditors
  • Central Bank Inspectors
  • Reuters & Bloomberg Support
  • OPICS/MISYS support team
Skills & Experience:
 
Essential
  • University degree in Business related field. Mathematics, Statistics or Economics will be an added advantage
  • At least 2 years Banking experience
  • Good knowledge of SQL query language
  • Good Excel knowledge with “Macro” functions
  • Background knowledge on reconciliations
  • Basic knowledge of risk management and control in Treasury environment
  • Excellent analytical skills
  • Good interpersonal and communication skills
  • Willingness to challenge trading/sales management on risk issues
  • Attention to quality and focus on continuous improvement
Desirable
  • Certified Public Accountant, CPA (K) or ACCA
  • Over 2 years working experience in Financial Markets and Risk Management
How to Apply:
 
Send your CV and application letter clearly indicating the position title on the subject line to: Recruitment@nationalbank.co.ke by 19th February 2016. 

Only shortlisted candidates will be contacted.