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.
https://www.hotnigerianjobs.com/hotjobs/497587/team-lead-market-risk-at-a-leading-merchant-bank-t.html