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Job Title: Market Risk Officer
Job Identification: 393
Location: Victoria Island, Lagos
Job Schedule: Full time
Job Description
Monitor, report and ensure compliance to existing and revised market risk management policies and procedures of the Bank by Business Units.
Performing appropriate Stress testing and Scenario analysis on the Balance sheet to determine the effect of unusual large movements in market risk factors.
Measurement of Net Interest Income (NII) sensitivity based on structure of the Bank's Repricing Gap.
Preparation of accurate market risk reports for ALCO, Line Management, Group Market risk Manager while providing practical recommendations for a better management and improvement of balance sheet risks management.
Provide a first line review of all limit requests, liquidity funding and contingency plans, and stress testing procedures.
Analyze macro-economic trends. Define short, medium- and long-term economic perspectives (market risk factors) and simulate its downside risk on the Bank’s on and off-balance sheet positions.
Conducting Factor Sensitivities (PV01) and Duration analysis on Trading portfolio.
Ensure that all market risks are adequately addressed via limits/triggers to prevent unauthorized exposures and determine additional limits/triggers beyond/below minimum requirements where necessary.
Work with Trading and Investment desks to support new business initiatives in line with the Board’s risk appetite and the Bank’s risk management policies.
Implementing best practice mark to market models such as interpolation and extrapolation models amongst others.
Attend to other tasks as may be assigned by Head, Market Risk; Group Market Risk Management and/or Country/Cluster Risk Manager
Technical/Industry Specific:
Excellent knowledge of financial markets and products
Good knowledge and interpretation of financial risks
Proficiency in the use of MS office tools
Understands Market Risk Management best practices and methodologies
Understands economic variables/trends and regulatory/monetary policies
Excellent knowledge of the balance sheet
Educational Qualification and Experience
An excellent academic background.
Minimum of seven (7) years banking experience, part of which must have been spent within a Treasury
Personal Attributes:
Excellent numeric and analytical skill
Attention to details
Risk conscious and sensitive
Ability to work under pressure and meet tight deadlines with high level of accuracy
Highly organized
Self starter
Excellent interpersonal, team-working and communication skills
Decisiveness
Application Closing Date
15th September, 2023; 19:00
How to Apply
Interested candidates click on apply bottom for apply
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