Job Purpose:
Strategic Purpose:
Be the center of excellence as the Financial Risk Specialist and oversee best practice in:
- Capital Adequacy Monitoring.
- Liquidity Risk Monitoring.
- Market Risk Monitoring.
- Financial Risk Stress Testing.
This role will be responsible for the management necessary to identify, evaluate, mitigate, and monitor the Group's financial risk. Part of the key deliverables will be the development of the financial risk management tools and practices to analyze and report on financial market risks and to manage risks according to a financial risk management framework and relevant policies.
This role will ensure the organization's financial risk management policies, limits, and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization.
Regulatory Purpose:
Ensure the Business Unit risks, including operational and financial risks are understood and managed within the risk appetite and in line with regulatory and supervisory requirements and expectations.
Key responsibilities:
- Oversee or monitor all financial risk management activities of the organization.
- Assist in the planning and implementation of the Liquidity, Counterparty risk and Market risk policies, framework and internal controls, and ensuring its compliance by the different Business units.
- Participating in preparation of reports for the different Executive management and Board committees.
- Leading and managing projects related to the Group’s market risk framework.
- Assisting in the liquidity, and market risk quantification under the Internal Capital Management process.
- Overseeing the daily capturing, monitoring, controlling and reporting of the Group’s market and liquidity risks and ensuring these are reported accurately.
- Ensuring detailed understanding of all P&L and risk drivers and ensuring compliance levels against established risk appetite.
- Suggesting, developing and implementing measures leading to a better risk management framework and improvement of internal controls.
- Ensuring adequate limits (VaR, sensitivities, stress) and risk framework are in place aligning with the Group’s overall risk appetite and desk mandates.
- Work closely with the key stakeholders to ensure key risk issues are highlighted and addressed prior to introduction of new products where applicable.
- Recommending market risk limits (dealer limits, exposure limits etc) in line with the approved market risk appetite of the Bank.
- Preparing monthly market risk reports for ALCO & EXCO.
- Preparing quarterly reports for the Board Audit & Risk Committee meetings.
- Development of comprehensive stress tests scenarios covering key market risks and ensuring periodic stress test market risk is done in line with regulatory requirements and for management decision purposes.
- Communication of key risks to senior management and the Board, including creation of presentations articulating key risks in an easy to understand manner.