Job Title: MARKET RISK ANALYST JOB REF: RISK 05/2012
Reporting to the Head, Market Risk, 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 and liquidity risks, development of market and liquidity risk policies provide support to the Business units in risk return analytics and maintenance of the Treasury Front Office and Market Risk System.
Maintenance, development and customisation of market risk and asset and liability management policies, procedures and controls for the Bank and its subsidiaries
Management of the daily monitoring and reporting of market and liquidity risk exposure against limits and reporting of breaches as per policy
Supervision of the daily production and distribution of market risk reports to subsidiaries or Group as appropriate
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
Continuously improve the daily, monthly and quarterly market risk reporting including analysis and commentary as additional information becomes available with the implementation of the market risk system
Production of risk versus return reports for the respective Treasury products to obtain optimal market risk portfolio, risk-transfer strategies which ensure compliance with the risk tolerance and maximise economic value
Utilisation 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
Development of criteria for allocating market risk-based economic capital to business and trading units
Providing support and training the junior market risk analysts across the Group
Profit & loss attribution analysis, provision reporting, 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
Contribute towards development of the Group’s strategic risk management capability and risk/return assessments and benchmarks
A University degree from a recognized university in a relevant field, e.g. Statistics, Maths, Economics, Finance, Computer Science etc preferably with an MBA or other relevant postgraduate qualification
Professional Banking qualification or equivalent; ACIB/AKIB, CFA, CPA
5 years of wide ranging bank experience - 3 years management experience, in a market risk or Treasury unit of a bank
Comprehensive understanding of Treasury products
Some understanding and command of SQL programming language or prior experience with database management especially oracle or SQL Servers
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
The above position is demanding for which the bank will provide a competitive package for the successful candidates.
How to Apply:
If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail and telephone contacts quoting the job title/reference in the subject field to email@example.com.
To be considered your application must be received by 13th July 2012.
Only short listed candidates will be contacted.
Deadline: 13th July 2012