AVP, Market Risk Oversight

Job Purpose

Market Risk Oversight is a function within the Market Risk Management department. It is responsible for the measurement, monitoring, control and reporting of the market risk exposures emanating from Global Markets & Group Treasury activities. It ensures that the businesses operate within the Risk Appetite approved by the board. It is also responsible for overseeing the implementation of risk management controls and performing deep market risk analysis of the bank’s profile, current and forward‑looking, to allow the bank to make informed decisions on its market risk exposures and also alert senior management on the potential risks to the bank as a result of the open market risk exposures.

• Act in consonance with the Group’s vision and mission to facilitate the organizational objectives of growing stronger
• Ensure the achievement of the bank’s business plans by optimizing risk adjusted performance of Global Markets
• Provide an assurance to the Head of Market Risk Management through the Head of Market Risk Oversight that all material market risks pertaining to Global Markets have been identified & monitored and mitigation strategies put in place wherever required.

• Assist the head of market risk oversight in implementing the Market Risk Appetite Framework ensuring a robust oversight and monitoring mechanism is in place.
• Ensure correct monitoring and reporting of all market risks is done on a daily basis.
• Ensure that all risk reports are reviewed, validated and analysed before and after dissemination to stakeholders
• Ensure the business operates within the approved market risk limits
• Perform stress testing in accordance with internal policies / regulatory guidelines.
• Assist market risk management in preparing the risk packs to senior risk committees
• Identify emerging risks and control issues, review existing risk appetite for each business line and monitor and ensure business activities are performed within the approved Risk Appetite Framework.
• Monitor daily limit utilizations, evaluate limit framework and communicate risk exposures and breaches to the front office and senior risk management.
• Analyze VaR, Stress VaR, Stress Test Output for the banks trading portfolio, identify potential downside and discuss with front office on an ongoing basis to mitigate such risks.
• Ability to understand risk contributors to VaR metrices and any adverse impact of any position in capital utilizations.
• Provide analysis and commentary on changes in risk position their impact on key risk metrices, ability to correlate such position changes with market movement ensure detailed understanding of all P&L and risk drivers.
• Support regulatory submissions relating to Market Risk metrices (e.g. VaR, Sensitivity measures, Stress testing).
• Work with market risk managers on current reporting needs and strategic risk data program.
• Provide periodic guidance for policy review, enhancement & development in relation to Market Risk, coordinate with other sub functions within Group Risk in towards providing relevant input.
• Assist in the planning and implementation of the market risk policies as required for new business/products ensure appropriate market risk management framework and internal controls.
• Lead and manage the implementation of various new projects and internal governance, and oversee the regulatory submission processes the Bank’s VaR enhancement engine.
• Participate in the market risk capital requirements calculation process under current regulatory frameworks
• Suggest, develop and implement measures leading to a better risk management framework and improvement of internal controls
• Take ownership of key responsibilities, and be a problem solver
• Respond to ad hoc requests from the business, risk management or regulators

Executive

Full-time

Business Development and Sales

Banking