Support and work closely with the Head of Market & Traded Credit Risk and other members of the team to develop and implement market & traded credit risk management policies, processes, and procedures for the bank.
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Responsibilities
- Implement strategies to measure, report and control market risk and counterparty credit risks emanating from Treasury related activities.
- Monitor the investment guidelines for the Asset Management business and serve as support to the designated ‘Risk Officer’ for the company Capital.
- Support the designated ‘Risk Officer’ for ‘the company Securities’ company in monitoring & preparation of report risks as per applicable rules & regulations prescribed by Securities & Commodity Authority (SCA’s) of UAE.
- Quantify market risks and calculate required capital charge as per CBUAE/Basel requirements on a periodic basis.
- Assist in the running, analyzing, and monitoring of Value at Risk and Pre-Settlement Risk Exposure (PSRE) exposure computation process.
- Monitor trading risk and counterparty credit risk exposures against approved limits, including investigating and reporting any excess for approval.
- Review new products and business initiatives from a market risk perspective and contribute to the department's BCP and Risk Control and Self-Assessment (RCSA) exercise.
Requirements
- At least 3-5 years of experience in banking with exposure to Treasury.
- At least 2+ years in market risk related functions.
- Degree in Finance, banking studies or any relevant commercial discipline.
- Excellent computer skills (especially Excel, Visual Basics, SQL etc.).
- Strong analytical skills and knowledge of Financial Risk Management.
Location
United Arab Emirates
