The candidate should have prior hands-on experience in implementing Treasury and Market Risk solutions with exposure to risk management of derivatives, structured products, hedge funds and ETFs. The candidate should bring in a minimum of 7 years of banking experience of which not less than 4 years should be in area of Market Risk specially implementation of Treasury limit systems and middle office functions.

FUNCTIONAL KNOWLEDGE

The incumbent would initially be responsible for implementing and managing a global Enterprise Risk Management System for the counterparty and Market Risks. The role will also require substantial hands on involvement in User Acceptance Testing and specification of Market Risk systems requirements. Therefore strong technical background with ability to document and critically evaluate risk methodologies with strong business analysis skills would be required.

The person will develop and enhance the quantitative approach and risk models to assess risk exposure at the position and portfolio level. The candidate will also be responsible for the development and validation of the financial instruments valuation framework. The successful candidate should display strong quantitative skills (derivative pricing, VaR methodologies, market data analysis, Greeks) with in-depth knowledge of Market Risk methodologies and processes.

JOB ROLE DEFINITION / RESPONSIBILITIES

The incumbent would be directly reporting to the Head of Credit Risk & Market Risk with the following broad role definition:

• Understanding and documenting the Market Risk business requirements to capture the risk positions, limits and enable decision based reporting.

• Identify the specific technical business problems and implement the process solutions.

• Communicating on the project progress and risk issues between various project stakeholders to ensure successful completion of the project.

• Ensuring Management of project delivery process encompassing reporting of market risks issues.

• Planning and owning the remediation of any underlying static or reference market data issues.

• Liasoning with the IT team to ensure for all relevant changes which are planned and prioritised.

• Be the Market Risk representative for front-to-back testing.

• Maintain close liason between front office, mid-office and Risk Management to discuss risk issues and measures.

• Investigation and resolution of data/analytics issues in market risk calculation processes.

• Conduct risk based performance attribution analysis

• Other Market Risk related roles as defined by the organisation from time to time

EDUCATIONAL BACKGROUND & SKILL SETS

• The candidate should possess either a Masters degree in Business Administration/ Economics/ Finance/ Quantitative discipline.

• Should have excellent technical and numerical skills.

• Ability to work independently and within a team.

• Ability to work under pressure and manage time deadlines

• Good understanding of the financial markets and risk management

• Good understanding of different market risk measures including but not limited to VaR, Stress Testing, first and second order sensitivities.

• Candidate must display strong verbal and written communication skills

• Knowledge of Arabic is desirable, but not essential.

Salary - Excellent tax free package