• Commercial Bank of Dubai Bank Jobs | Sr. Market Risk Analyst

    Commercial Bank of Dubai Bank Jobs | Sr. Market Risk Analyst

    Location: Dubai - United Arab Emirates

    Job Description

    Support and work closely with the Head of Market Risk Management to develop and implement risk management policies, processes and procedures to identify/suggest measures for monitoring market, liquidity and credit risks in all Treasury functions.

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Market Risk analyst with focus on treasury risk, counterparty credit risk and the Bank’s overall interest rate and liquidity risk responsibility.

    • Have a deep understanding of treasury business, global capital market and advanced market risk knowledge in order to provide high quality risk analysis

    • Work closely with treasury front office, back office and financial control team to ensure high quality reporting to internal and external stakeholders.

    • Middle Office functions: Support the trading desk with the set up and booking trade structures, Setting-up new counterparties, ensuring treasury limits are in place and performing daily Treasury P&L against stop loss.

    • Overseeing Treasury and Investment activities: Monitor and report all market risks (e.g. Liquidity, Interest Rates, FX, Equity, Prices, etc.) the Bank is exposed to against approved limits

    • Investment LTV portfolio: Monitor and report the leveraged investment portfolio and advice Investment team on margin call/closeout.

    • Counterparty Credit Risk: PFE computation and ensure all credit risks in Treasury activities are monitored against approved limits

    • Collateral management: Responsible for margin calls issuance and responding to margin calls; dispute resolution through portfolio reconciliation.

    • Liquidity and Interest rate risk on the Banking Book: Perform regular liquidity stress tests and interest rate sensitivity analysis to assess bank’s liquidity and interest rate risk situation.

    • Board Risk Committee reporting: Submission of Market and Liquidity risk reports to Head of Market Risk for Board Risk Committee Pack

    • New Market/Product projects: Assist Head of Market Risk in setting up risk systems for expansion into new areas. Assist in review of new products and business initiatives from a market risk perspective.

    • Policy drafting and implementation: Assist in drafting, reviewing and implementing policies and procedures for market risk and liquidity management.

    • Enhancement in documentation and procedures: Improve documentation and procedures, wherever required by Head of Market Risk.

    • Project Manager’s Role: Assist Head of Market Risk as Project Manager in any projects related to the enhancement of Treasury or Market Risk systems.

    • Act as a backup for Financial institution credit manager: Assist Head of Market Risk in evaluating credit proposals submitted by FI / DCM .

    Job Requirements

    • Masters Degree in Finance, economics or mathematics

    • FRM or PRM helpful

    • 7+ years banking experience of which at least 5 years in a position in Market and Liquidity Risk Management in a reputed financial institution with comprehensive knowledge of liquidity risk, market risk policies and regulatory framework(Basel III, local central bank)

    • Satisfactory understanding of Basel 3 Accord and the treatment of Market and Liquidity Risk and counterparty credit risk there under.

    • Strong knowledge of VaR implementation- instruments, curves, market data, market conventions, etc…

    • Strong understanding of Treasury and Structured products.

    • Practical experience using different information systems (Bloomberg, Reuters).

    • Fluent in English. Arabic language would be an added advantage.

    • Strong investigative and interpretive skills. Highly numerate with excellent research ability.

    • Problem solving ability.

    • Analytical skills.

    • Strong PC skills, particularly Excel (VBA).

    • Persuasive communication / presentation skills.

    • Ability to explain complex issues and technical

    Job Details

    Company: Commercial Bank of Dubai - CBD

    Employment Type: Full-time

    Job Location: Dubai, United Arab Emirates

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