• Mashreq Bank Careers | Assistant Manager Market & Traded Credit Risk, UAE

    Mashreq Bank Careers | Assistant Manager Market & Traded Credit Risk, UAE

    Location: Dubai, UAE
    Published:

    Job Description

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Implement strategies to measure, report and control market risk and counter-party credit risks emanating from Treasury related activities.

    • Monitor trading risk and counter-party credit risk exposures against approved limits, including investigating and reporting any excess for approval by the relevant authorities on a timely basis.

    • Must have knowledge on valuations of treasury products including different type of valuations reserves such as fair value reserves, credit valuation adjustments, prudent valuation adjustments etc.

    • Support initiatives and projects required on the ongoing improvement of internal procedures and support the bank in transition to newer Basel norms (IRB/FRTB).

    • Assist in the running, analyzing and monitoring of Value at Risk and Pre-Settlement Risk Exposure (PSRE) exposure computation process.

    • Regular analysis of the VaR and PSRE models through back testing methodologies.

    • Enhance and periodically track the KPIs included in the market risk appetite framework as set by management.

    • Quantify market risks and calculate required capital charge as per CBUAE/Basel requirements on a periodic. Must be well versed with Basel capital charge requirements on counterparty credit risk and Credit Valuation Adjustments (CVA).

    • Review new products and business initiatives from a market risk perspective and contribute in departments Risk Control and Self-Assessment (RCSA) exercise.

    • Ensure to comply with the audit requirements, internal and external reporting obligations etc. in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank.

    • Production of reliable metrics for market risk management and obtain limit excess ratification/approvals as defined in policy.

    • Monitoring of the investment guidelines for the Asset Management business.

    • Monitoring the daily EIBOR publication by the bank.

    • Timely production of quarterly metrics and regulatory returns such as assessment of HQLA assets, Pillar 1 reporting, ICAAP reporting, stress testing etc.

    • Develop Standard Operating Procedures (SOP) / process flow integrating the various workflows and metrics.


    Job 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.

    • Professional Qualification would be a distinct advantage e.g. CFA /FRM.

    • Excellent computer skills (especially Excel, Visual Basics, SQL etc.). Working knowledge of deal booking systems, Bloomberg, Reuters a plus.

    • Satisfactory understanding of latest Basel Accords and the treatment of Market Risk there under.

    • Strong analytical skills and knowledge on Financial Risk Management

    • Candidates must prove that they have knowledge of statistical and financial / economic concepts.

    • Team player, self-starter, innovative and highly motivated

    Job Details

    Company/Organization: Mashreq Bank

    Vacancy Type: Full-time Job

    Job Functions: Management

    Job Location: Dubai, United Arab Emirates

    Application Deadline: N/A

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