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
