First Abu Dhabi Bank
Abu Dhabi, United Arab Emirates
Sep 17, 2021
Sep 29, 2021
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job Description

The purpose of the job is to provide comprehensive market risk oversight and control of Global Markets function on a near real time basis in compliance with Bank Policies, regulatory guidelines and financial market environment

Generic Accountability
  • Act in consonance with the Group's vision and mission to facilitate the organizational objectives of growing stronger
  • Ensure the achievement of the bank's business plans by optimizing risk adjusted performance of Global Markets
  • Provide an assurance to the GCRO through the Head of Market and Liquidity Risk that all material market risks pertaining to Global Markets have been identified & monitored and mitigation strategies put in place wherever required.
Job Specific Accountabilities
  • Assist the head of market risk oversight in implementing the Market Risk Appetite Framework ensuring a robust oversight and monitoring mechanism is in place.
  • Ensure correct monitoring and reporting of all market risks is done on a daily basis.
  • Ensure that all risk reports are reviewed, validated and analysed before and after dissemination to stakeholders
  • Ensure the business operates within the approved market risk limits
  • Perform stress testing in accordance with internal policies / regulatory guidelines.
  • Ownership of projects pertaining to market risk oversight and control.
  • Assist market risk management in preparing the risk packs to senior risk committees
  • Work closely with several teams to achieve the role objective
o Middle office and Risk Control - for daily validation of market and static data, collateral, risk reports etc.

o Market Risk Analytics team for risk methodologies, market data etc.

o Group Finance: Product control - active liaising to ensure the correct reflection of risk adjusted returns and accounting is aligned to risk practices
  • Carry out process improvements using Murex as the key systems enabler.
  • Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
  • Policies and Framework
o Group Market Risk and its associated policies

o Risk Appetite Statement

o Approved Product List

o Any other document / policy / processes related to Market Risk Management
  • Governance
o Investment Management Committee

o Valuation Committee

o CBUAE guidelines
  • Authorised to take decisions as per the approved authorisation matrix.

Minimum Qualification
  • Bachelor's degree in Finance or Economics.
  • Professional certification like FRM or CFA would be an added advantage
Minimum Experience
  • 5 years' relevant experience in the banking sector with at least 2/3 years in similar positions in the Market Risk or Treasury function.
Other essential requirements
  • Experience of having extensively worked on Murex platform for market risk management.
  • Knowledge of financial markets and multiple assets classes (Fx, fixed income, equities, commodities)
  • Ability to work accurately under pressure to tight deadlines.
  • Strong inter-personal skills in order to interact confidently with senior management

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