Manager, Market Liquidity Risk

Job Purpose

• To support coordination and implementation of the country’s market and liquidity risk in line with the regulations and the Group’s guidelines. The role will also be expected to support the identification and evaluation of market and liquidity risks.

Key Responsibilities

• Management of the Market and Liquidity Risk function. Assisting in the planning and implementation of the liquidity risk, market Risk and Profit Rate Risk in the Banking Book policies, Enterprise Risk Management Framework and ensuring compliance by the different business units.
• Participating in preparation of reports for the different committees.
• Assisting in the liquidity, and market risk quantification under the ICAAP process. Overseeing the daily capturing, monitoring, controlling, and reporting of the Bank’s market and liquidity risks and ensuring these are reported accurately. Ensuring detailed understanding of all P&L and risk drivers and ensuring compliance levels against established risk appetite. Suggesting, developing, and implementing measures leading to a better risk management framework and improvement of internal controls. Ensuring adequate limits (VaR, sensitivities, stress testing) and risk framework are in place aligning with the Bank’s overall risk appetite and desk mandates Work closely with the Front Office and Back Office Operations to ensure key risk issues are highlighted and addressed prior to introduction of new products.
• Recommending market risk limits (dealer limits, exposure limits etc.) in line with the approved market risk appetite of the Bank Gaining an understanding of the trading environment in which the different desks operate, including the trading strategies, products, markets, and liquidity and discussing and challenging the hedging strategies.
• Investigating and explaining changes in the Trading Book Regulatory Capital Monitoring Counterparty Credit Risk in the Trading book and developing basic metrics used to capture and manage it (e.g., Expected Positive Exposure, Potential Future Exposure)
• Development of comprehensive stress test scenarios covering key market and Liquidity risks in the trading environment and ensuring periodic stress tests are done in line with regulatory requirements and for management decision purposes.
• Responsible for the overall implementation of the Liquidity risk management framework in liaison with Treasury.

Job Specification

Education 

• Bachelor’s Degree in Economics, Finance, Mathematics, Actuarial Science Post graduate qualifications such as CFA and MBA will be an added advantage, CPA (K), FRM, or any other relevant certification in Risk Management is desired.
• Training Skills  Accounting & Financial Capability; Banking Operations, Treasury Front/ Back office, Products & Processes Knowledge & Skills; Relevant Product Knowledge & Proficiency in Excel.

Work Experience 

• Minimum 5 years’ experience in financial institutions and at least 3-5 years in a similar role is required.

Key Skills & Competencies 

•  Leadership; Coaching & Mentoring; Quantitative, Analytical Thinking; Innovative Thinking; Planning & Organizing; Problem Solving Skills; Team Orientation; Initiative; Communication Skills.