Senior Analyst Market Risk

Role Discription

Provide oversight and control of the fundamental prudential risks of the bank: counterparty, leverage, liquidity, interest rate, currency, and other market risks.

Provide support to the Senior Management in understanding the current risk exposures of the bank and the implications of future risk strategy, including strategy for capital and liquidity management with due consideration to the macroeconomic and financial environment.

Advise and assist the Head of Group ALM, Liquidity & Market Risk to enable the Bank to move to more sophisticated/ advanced methods for calculation / measurement of market risk and capital.

Monitor and analyze market & economic conditions and develop recommendations on adequate and timely mitigating actions / recommendations to reduce, diversify, shifting of these risks.

Calculate the regulatory capital requirement of Market Risk and provide input, support and expert advice in the process of managing market risk regulatory capital (including ICAAP) and regulatory liquidity measures (including LCR and NSFR ratios).

Within the context of rigorous stress testing and scenario analysis, understand and advise the circumstances under which the bank's profitability would be negatively impacted and provide the level of risk mitigation that is built in and the actions that would be taken in such circumstances.

Monitor that the bank's Asset Management is conducted within the Risk Appetite of the Group and in (a) the banks interest (b) the clients interest and (c) within regulatory practice.

Provide recommendations for governance and implementation of controls as per Regulatory and Internal risk requirements.

Ensure Capital and Liquidity requirements of the Group relating to Asset Management activities are measured and controlled.

Escalate instances of inappropriate action (on the part of the asset managers) and/or regulatory breach.

Identify and escalate reputational risks to the relevant stakeholders

Assess the impact of regulatory changes pertaining to risk on the Group's portfolio risk profiles.

Build and maintain strong and effective relationship with other related departments and units to achieve the Group's goals/ objectives.

Support the department head to provide timely and accurate risk information to Risk & Management Committees, external & internal auditors and the Compliance function as and when required.

Provide expert advice with respect to market risk / liquidity / ALM / portfolio risks associated with new product launches (retail, corporate, treasury for conventional and Islamic banking).

Develop and implement a comprehensive, centralized approach to the Risk Management and assessment of risk/reward optimization of QNB Group Asset Management and Capital Management.

Provide independent review and approval of MI reports generated by Asset Management Front Office, Back Office and FCD and provide high level Middle Office information and recommendation for Risk, Asset Management and Investment Committee.

Recommend and implement infrastructure and operating model in order to satisfy all Regulatory, Client and Internal Risk Management reporting requirements.

Provide insight and recommendations for Liquidity and Capital Optimisation.

Oversight of operations in the Asset Management process that are not directly within the QNB Group (including out-sourced functions).

Assessment of new products within current Risk Management framework and make recommendations for enhancements where required.

Ensure Asset prices are transparent and the process and methodology for pricing is clear to all internal and external stakeholders.

Ensure that all funds/portfolios are managed in accordance with the parameters defined in their respective prospectuses, articles of association, term sheets, investment management agreements and investment policy statements (as applicable)

Relative to Market Risk Portfolio, ALM & Liquidity Risk Management;

Monitor compliance with Market Risk limits. Provide commentary explaining significant exposure / ratio/ VaR movements and communicate analysis to the Head of Market Risk.

Manage & coordinate on on-going basis, all TMO periodic and ad hoc reports for Group's trading book and Banking Book. Improve the content and presentation of all reports produced and develop a Market Risk dashboard, providing senior management with a single page view of all key Market Risk statistics.

Develop the Bank's capabilities for monitoring risk Group wide. Refine the process by which individual entity and Group limits are monitored.

Support development and implementation of systems (as per Risk Architecture Plan) to ensure proactive Treasury Middle Office function. Ensure valuations adhere to market best practice and are subject to regular price testing.

Support development of Portfolio and Market Risk measurement processes appropriate to the needs of the Bank.

Assist in implementing risk policy & controls that ensure transactions are carried out in accordance with approved policies/ limits and in compliance with regulatory and legal requirements.

Assist in developing qualitative assessments on the level of risks assumed and measured through empirical techniques and other appropriate tools, and recommend corrective actions to mitigate such risks.

Support the Bank's preparation for adopting advanced market risk regulatory capital approaches.

Portfolio Management: Draw on banking knowledge, model building capabilities and technical skills to provide technical and practical support to the modelling of portfolio (credit) exposures.

Provide timely and accurate information to the external and internal auditors and the Compliance function as and when required.

Monitoring of the application of all risk-related controls relating to the Asset Management business.

Monitoring of the activities of individual fun/portfolio managers.

Ensure the risk requirements of all funds are being managed. This includes Policies, Recovery and Resolution planning, Asset Quality Criteria, Liquidity Management, Valuation, Reinvestment and Diversification, Leverage, Counterparty Risk, Concentration Limits, Derivative exposure and valuation, Performance Attribution and Trade Matching.

Validation of financial reporting and fund/portfolio performance including information received from outsourced functions - i.e. from external custodians and/or funds administrators.

Provide second line of defense oversight of Asset Management.

Ensure transactions are recorded in Front Office system in a way that captures all relevant financial risks.

Review of governing documents associated with the client investment relationship (including Investment Management Agreement, Risk Profile, Term Sheet, Investment Policy Statement and any Waiver) prior to processing by the relevant RM

Ensure, in conjunction with applicable internal stakeholders that the QNB Group Asset Management activities are in compliance with Regulatory Risk Requirements.

Validate the authenticity/accuracy of client reporting (as generated by the Back Office

Adequate hands knowledge market risk management practices including but not limited to pertinent Basel II & Basel III Framework on credit risk management and capital adequacy requirements.

Support in managing meetings with different business units to better assess the risks of the Market Risk / Treasury Portfolios.

Group-wide understanding of Regulatory requirements

Has the ability to run with developed plans and schedules and ensure execution of technical assignments allocated / assigned.

Ensure high standards of confidentiality and ethics to safeguard commercially sensitive information.

Qualifications

Masters degree preferably in finance, economics &/or quantitative subjects.

Must have CFA / FRM / CIPM / Asset Management certifications or significant progress towards relevant specialization.

6+ years of experience in international banking with specific focus on ALM, Market Risk, Liquidity Risk Analytics/Quantitative Methods and Asset Management/Risk Management field at a leading financial institution, and/or consultancy, with expertise in Asset Management and Risk.

Excellent understanding and knowledge of Asset Management products.

A strong interest in developments in Asset and Fund Management along with Risk Management best practice.

Confidence and ability to communicate effectively with senior professionals and various stakeholder groups within QNB