Manager, Market Risk – Lagos recruitment
Key Responsibilities
• Enforce and ensure compliance with market risk policies and procedures as it relates to FX, MM, FI and FI.
• Identify all the products in the books of the bank, ensure they have been signed off by the NPC and mandates exist for their use. Ensuring that only authorized products and risk factors are traded by desks.
• Track the P/L from all products in the Banking Trading Book. This entails daily review of Risk and PL reports determines PL attribution per product.
• Quantification of MR for Trading book, Banking book for Equity, Interest rate products and for FX products.
• Management of all breaches from identification through to closure thereof (position reduction, condonement e.t.c). This includes recommendations of corrective actions to traders before close of business. This involves daily monitoring of exposures, limits for all the books i.e. banking, trading Equity.
• Quantification of Normal VaR, Stress VaR and PV01 computation analysis.
• Automating all risk reports to shorten the time for producing the reports and increase integrity.
• Building and strengthening relationships and ensuring interaction with Front office, Back office, Finance, and Calypso IT Team.
• Providing leadership, for subordinate(s) in terms of an efficient working environment, and doing more with our current resources.
Candidate Requirements
• A good first degree in a quantitative field
• Good understanding of various Financial Instrument Analysis (Bonds, FX, Interest Rate Instruments)
• Good understanding of how the Bond, FX and Interest Rate Markets work
• Good knowledge of VaR and Stress testing
• Ability to manage a team
• Ability to program in VBA for Excel