Senior Risk Analyst –Market Risk & Treasury Mid Office

To identify, measure and monitor risks pertaining to RAKBANK’s business by recommending and implementing best industry practices for Market Risk and Treasury Middle Office. To develop suitable controls and have appropriate limit structure in place to mitigate the risks.

Job Responsibilities:

• Assists in implementation and strengthening of overall market risk framework for RAKBANK and in the development of processes to identify and evaluate risks pertaining to Treasury businesses.

• Assist in the implementation and subsequent management of Treasury Middle Office.

• Monitors and measures risks pertaining to Treasury front office and suggests suitable risk mitigation measures.

• Develops and implements best practice pertaining to Liquidity Risk, Stress testing, Asset-Liability Management (ALM) including Earning-at-Risk (EaR) frameworks, Gap Reporting; liaises with businesses to facilitate ALCO related decision making and portfolio management activities

• Performs risk assessment by analyzing risks, identifying, describing, and estimating the risk affecting the organization.

• Ensures that macroeconomic early warning indicators are identified and analyzed and their impact on pricing and liquidity decisions are communicated and understood by senior management.

• Identifies market risks by working closely with business units and develops cost effective hedging solutions to new products within agreed risk appetite.

• Coordinates with other functions (Finance, IT etc.) and external consultants to develop data management systems and automated capital calculation and aggregation models that are fully integrated into IT systems and reporting infrastructure to enable quick and reliable decision making.

• Develops and reviews market and liquidity risk policies, Basel II market risk framework and policies, and market competition analysis for effective decision making.

• Gathers and periodically updates information about regulatory requirements affecting the business to ensure Market risk management and risk assessment in compliance with current requirements.

• 5 to 8 years’ experience of Market Risk Management and Treasury Middle Office

• Demonstrates adequate knowledge of financial risk management.

• Experience in quantitative analysis and modeling will be given weightage

• Previous experience with Risk Management Project and applications.

• Exhibits strong financial product knowledge and corporate or retail banking experience.

• Understands mechanisms for quantifying and hedging market risks and opportunities to drive innovative new product and strategy development.

• Experience in Derivative products is important

• Demonstrates strong knowledge of market risk management models and measures including VaR, Earnings at Risk, ALM practices (Liquidity Coverage Ratio & Net Stable Funding Ratio), economic capital.

• Has strong knowledge of derivative and structured products (swaps and options), and understanding their use for liquidity and market risk management

• Exhibits strong knowledge, and application of statistical concepts including Monte Carlo analysis of interest rates and other indices.

• English language & Arabic Language would be a plus – Microsoft Office software (Word, Excel, PowerPoint, Access)