Group Market Risk Manager (VP) recruitment
TASKS
Risk Appetite, Market Risk Limits and Policies:
1.Define the Market Risk Appetite for the Group.
2.Define and maintain Market Risk Limits within the defined Risk Appetite
3.Ensure Market Risk Policies are kept contemporary.
Risk Measurement Tools and Methodologies:
4.Assist in developing Var Models and Stop Loss limits measuring Fx Risk and IRR Risk in the Trading book.
5.Assist in developing sensitivity limits for Fx and IRR Risk for both Banking and Trading book.
6.Assist in the implementation of Murex Phase 2 [VaR Models]
7.Assist in the implementation of proposed ALM, FTP and Liquidity system for the Group.
Risk Reporting:
8.Periodically propose Market Risk Limits to G-ALCO/ RMC (Risk Management Committee).
9.Monitor and report Market Risk Limits Breaches as approved by RMC/ G-ALCO.
Risk Compliance and Audit:
10.Dialogue with CBUAE, Statutory Auditors, Internal audit on matters relating to Compliance, Basel III and IMA framework.
11.Assist FCD in providing clarifications on Market Risk capital charge.
Risk Committees:
12.Prepare reports for G-ALCO and RMC.
Experience:
10- 12 years in Banking with minimum 5 years experience in Treasury/ Market Risk of a large Bank consisting of:
1. Well developed Market Risk Infrastructure
2. Strong analytics and problem solving skills and demonstrated knowledge in Treasury and Market Risk.
3. Strong understanding of Market Risk / Treasury system including Bloomberg/ Reuters etc.
4. Strong communication, presentation and writing skills.
Knowledge of Arabic is desirable, but not essential