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Job Purpose:
- The job has the purpose of coordinating management of market risk in the bank to provide a detailed insight analysis into the bank’s Liquidity and Market risk.
Key Responsibilities:
Market Risk:
- Conduct liquidity risk analysis, stress tests and monitor compliance with all regulatory liquidity ratios with view of informing future action to avoid any breaches.
- Monitor factors that affect liquidity risk in the industry/ market and translate the attendant risks into value adding recommendations/ mitigants for the bank.
- Conduct interest rate risk analysis, sensitivity analysis and stress tests to provide recommendations to guide on avoidance of any exposures.
- Conduct foreign currency risk analysis, net open positions, foreign exchange exposure limits, and monitor Dealers’ limits, Counterparty limits and other internal limits to report any potential/ actual breaches.
- Develop and review asset and liability management policies and procedures and market risk manuals to ensure they are in place and remain valid.
- Ensure all exceptions including their rationale is documented/maintained and must carry expiration or review date.
- Review and report all market risk exceptions and ensure they are properly documented/ maintained with relevant approval and carry expiration or review date.
- Monitor to ensure all deals beyond dealer limits are approved by appropriate authority.
- Provide recommendations in the form of possible scenarios to ensure the bank remains liquid by projecting the cash flows and initiating funding actions to avert negative liquidity situations.
- Prepare market risk reports for management (ALCO), BRC, Board ALCO and Group.
Daily Responsibilities:
Market Risk:
- Investigate and report off-market rates transactions.
- Monitor market risk limits and trading limits.
Other
- Attend scheduled and unscheduled meetings.
- Stakeholder engagements and support.
