Market Risk Manager at Executive Placement Africa

Our client is one of the banks in the market. They are looking for a Market Risk Manager for their Nairobi branch. The Market Risk Manager will be reporting to the Head of Enterprise Risk. H/She will be responsible for the measurement, monitoring, control and reporting of the Bank’s market risk.

Key Responsibilities:

• Oversee the daily identification, monitor, control and reporting of the Bank’s market risks and ensure these are reported in a timely and accurate manner,
• Draft and propose to senior management enhancements to market risk policies and procedures to ensure the market risk monitoring process is in line with bank’s risk appetite and regulatory requirements.
• Set up and validate standard and rules of market risk measurement on treasury business.
• Perform periodical monitoring on risk measurement and follow up exceptions or limit breaches.
• Produce comprehensive middle office supervisory reports on treasury business, including market risk, credit risk and operational risk.
• Oversee and report risk metrics to senior management.
• Review and make recommendations on new products and trading strategies.
• Evaluate pricing and valuation models suitability within business context.
• Keep track of market movements in local, regional and global markets to forecast emerging risks
• Undertake market risk and credit risk measurement for trading portfolios.
• Conduct model variation exercises for Market Risk Measurement.
• Conduct stress testing on trading book as well as treasury investment portfolio.
• Assist in preparation of regulatory and statutory reports related on treasury business and market risk management for the various executive committees
• Oversee limits usage, excesses, escalation and follow-up for resolution

Job Specification

Academic

• Recognized Degree in Accountancy/Commerce/Business/Finance or equivalent.
• Degree in Banking, Economics, Finance, or relevant qualifications in Markets, Financial Instruments or Finance; professional designation in GARP, PRM will be a strong advantage

Professional Qualifications & Experience

• Proficiency in Microsoft Office Suite

Desired Work Experience

• At least 5 years’ working experience in a financial institution

Job Competencies: Technical & Behavioral Competence

Compliance Assessments: Ability to conduct gap analyses and regular compliance assessments.

Communication Skills: Ability to effectively inform and advise staff subjects on market risk matters.

Attention to Detail: Ensures accurate records and thorough compliance assessments.

Proactivity: Identifies and addresses market risk issues promptly.

Remuneration/Benefits:

A competitive salary is on offer, based on skills, qualifications and experience.

How to apply

To apply, please send your updated CV in Word format to info@epafrica.co.ke. Kindly indicate the role you are applying for in the subject line of the email. Please note that only short-listed candidates will be contacted.