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| bankfab - Abu Dhabi |
Description
Looking for VP, Market Risk Control and Oversight job Vacancy in Abu Dhabi ?.Find latest bankfab Jobs in Abu Dhabi on ajiranawe.com.bankfab Jobs vacancies in Abu Dhabi.
JOB PURPOSE:
The purpose of the job is to provide comprehensive market risk control & oversight of Global Markets function on a regular basis in compliance with Bank Policies, regulatory guidelines and financial market environment.
Key Accountabilities:
Generic Accountability
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 GCRO through the Head of Market and Liquidity Risk that all material market risks pertaining to Global Markets have been identified & monitored and mitigation strategies put in place wherever required.
Job Specific Accountabilities
Looking for VP, Market Risk Control and Oversight job Vacancy in Abu Dhabi ?.Find latest bankfab Jobs in Abu Dhabi on ajiranawe.com.bankfab Jobs vacancies in Abu Dhabi.
JOB PURPOSE:
The purpose of the job is to provide comprehensive market risk control & oversight of Global Markets function on a regular basis in compliance with Bank Policies, regulatory guidelines and financial market environment.
Key Accountabilities:
Generic Accountability
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 GCRO through the Head of Market and Liquidity Risk that all material market risks pertaining to Global Markets have been identified & monitored and mitigation strategies put in place wherever required.
Job Specific Accountabilities
- Act as the Lead for liaising with Global Markets (single point of contact) to ensure effective service delivery and its improvements.
- Ensure that all risk reports are reviewed, validated and explained before and after dissemination to stakeholders
- Perform Basel II calculations and reporting relating to Market Risk
- Ensure the oversight of desk level P&L for GM as prepared by product control
- Active participation in preparation of MIS for senior management and supporting head of market risk management for the same.
- Active stakeholder for all on-going projects pertaining to market risk oversight or impacting market risk reporting.
- Develop the methodology for PL explanation / attribution and create a reporting framework
- Perform stress testing in accordance with regulatory guidelines.
- Carry out product reviews and approvals
- Work closely with several teams to achieve the role objective
- Market Risk Analytics team for risk methodologies, market data etc.
- Group Finance: Product control – active liaising to ensure the correct reflection of risk adjusted returns and accounting is aligned to risk practices
- Middle office and Risk Control – for daily validation of market and static data, collateral, risk reports etc.
- Enterprise Risk Management – for market risk capital and process involved around RWA calculations.
- Carry out process improvements using Murex as the key systems enabler.
FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:
Minimum Qualification
Bachelor’s degree in Finance / Economics / Engineering or professional qualification like CA.
Professional certification like FRM or CFA would be an added advantage
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Minimum Experience
10 years’ relevant experience in the banking sector with at least 7/8 years in similar positions of progressively increasing managerial responsibilities in the Market Risk, ALM or Treasury function.
- Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
- Policies and Framework
- Group Market Risk and its associated policies
- Risk Appetite Statement
- Approved Product List
- Any other document / policy / processes related to Market Risk Management
- Governance
- Investment Management Committee
- Valuation Committee
- CBUAE guidelines
Minimum Qualification
Bachelor’s degree in Finance / Economics / Engineering or professional qualification like CA.
Professional certification like FRM or CFA would be an added advantage
Current jobs in UAE 2021
AVP, Risk Oversight Job at bankfab - Abu Dhabi
AVP, Risk Quant Job at bankfab - Abu Dhabi
SAP - Data Analyst Job at IBM - Abu Dhabi
Admin Sales Job at Talabat - Ras al-Khaimah
Assistant Manager Job at Max Concept - Dubai
Minimum Experience
10 years’ relevant experience in the banking sector with at least 7/8 years in similar positions of progressively increasing managerial responsibilities in the Market Risk, ALM or Treasury function.
Other essential requirements
- Experience of having extensively worked on Murex platform for market risk management.
- Knowledge of financial markets and multiple assets classes (Fx, fixed income, equities, commodities)
- Ability to work accurately under pressure to tight deadlines.
- Strong inter-personal skills in order to interact confidently with senior management
