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Executive Manager - Treasury IRRBB

Employer
ADCB Abu Dhabi Commercial Bank
Location
Abu Dhabi, United Arab Emirates
Salary
Competitive
Closing date
May 29, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area

Treasury offers a diverse range of conventional and Islamic banking solutions and is responsible for the Group's funding, investments, and centralised risk management activities. It manages the Bank's borrowings, issuance of debt securities, and use of derivatives to mitigate financial risk, while investing in a range of instruments, including green bonds, short-term placements, and corporate and sovereign debt securities.

We are actively seeking an ambitious professional to join our team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking.

In this role, your key responsibilities include :
  • Prepare and run thematic analyses, both quantitative and qualitative, acting as the key contributor on the strategic management of interest rate positioning in order to support ALCO needs.
  • Provide functional support and thematic analyses on balance sheet usage and efficiency, interest rate hedging analysis and strategy, return optimisation opportunities to ensure accuracy of data used for final decisions.
  • Provide technical inputs in the development and enhancement of forecasting and scenario planning tools in order to comply with regulatory standards.
  • Be responsible for interest rate risk quantification methodology and assumptions in order to report on findings and recommendations.
  • Develop replicating portfolio strategies, introducing duration of equity concepts in order to reflect the interest rate risk of various balance sheet items.
  • Develop structural hedging strategies and provide recommendations to ensure the optimal management of interest rate exposure.
  • Conduct research and generate periodic forecasts and scenarios as required in order to provide inputs and guidance on research and data gathering.
  • Support IRRBB transformation, capability enhancement and adoption of best practice to ensure compliance to Bank and CBUAE regulations.

Skills

The ideal candidate should have the following experience:
  • At least 9 years of experience working in an ALM function, Financial Control, Risk Management or Treasury.
  • Bachelor's Degree in Banking, Finance, Economics, Commerce, Business Management, or equivalent.
  • Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) certification with strong quant abilities or actuary.
  • Strong analytical skills.
  • Ability to interact with all levels of management.
  • Understanding of financial markets and different financial instruments.
  • Experience with database and structured query language.
  • Previous experience with ALM software.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.

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