Team Lead - Market Risk at a Leading Merchant Bank - Terawork

Terawork - Our client, a leading Merchant Bank, is recruiting a competent and qualified professional to fill the position below:

Job Title: Team Lead - Market Risk

Location: Lagos
Employment Type: Full-time, Permanent

Key Duties / Responsibilities

• Oversee the enforcement and implementation of market risk management policies and governance frameworks.
• Review and develop strategies to align the organization's market risk management policies, frameworks, and activities with regulatory requirements.
• Conduct training on market risk-related topics to develop team member's risk literacy and awareness
• Oversee the implementation of valuation modeling and analysis of market risk.
• Implement and enforce market risk limit for all risk-taking business units.
• Develop strategies and methodologies to mitigate potential market risk which may be beyond the organization's risk appetite.
• Conduct assurance checks on risk modeling outputs for accurate assessment of controls and risk monitoring activities.
• Analyze identified legislation to determine its impact on the organization's risk exposure and risk control requirements.
• Conduct scenario analysis on potential extreme market events to identify impact on market risk to the organization
• Conduct preliminary review and validation of valuation modeling and analytics findings to identify risk management-related insights.
• Review risk analysis and stress testing reports to ensure accuracy of reports and propose preliminary risk mitigation strategies.
• Review and ensure market risks are adequately addressed for new products, as part of new product approval processes.
• Review reports and/or presentations of financial forecast findings to explain the risk positions of products
• Identify irregular market exposure positions across the organization.
• Develop regulatory reports on market risk management positions.
• Serve as a market risk subject matter expert to the business.
• Develop others' understanding of market risk management through thought leadership, mentoring, and coaching.

Requirements

• Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or Legal (Master’s Degree is an additional advantage)
• Minimum of seven (7) years working experience in the financial services sector as a Market Risk Manager
• Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM

Experience:

• Market Risk Manager or Lead: 8 years (Preferred)
• in financial Services Industry: 8 years (Preferred)

License/Certification:

• Cerfication in Risk Management, E.G CIRM (Preferred).

Required Skills, Knowledge & Attributes:

• Knowledge and experience in risk functions including market, liquidity, capital etc. and a broad understanding of the regulatory environment and compliance issues.
• Demonstrates ability to interpret facts, patterns, and trends to reach evidence-based decisions on the nature of risks and opportunities
• Demonstrates understanding of different report types that are available and what is required for various stakeholders.
• Demonstrates understanding of the financial reporting process and risk standards.
• Understands and is familiar with regulations and associated company policies related to internal controls and governance.
• Aware of areas of high fraud risk (e.g., procurement, contracts, payments).
• Decision making skills.

Application Closing Date
27th January, 2023.

Method of Application
Interested and qualified candidates should:
Click here to apply online