This is a great opportunity to join the risk team of a leading Emerging / Frontier Market Investment Bank. You will be working across all business lines and across the entire risk universe.
We do not require a lot of experience (though would prefer someone who has a risk background) but we do require someone who is highly numerate, quick to learn, has strong interpersonal skills and who is driven to deliver the best results.
Assist the head of risk to compile / develop and maintain an enterprise-wide risk register incorporating key risk indicators and mitigation measures to assist with ensuring that risk is appropriately managed across the organization
Support the new product approval process by adequately identifying and reporting risks to stakeholders in a timely and effective manner in addition to recommending actions to optimally mitigate identified risks where appropriate
To continuously develop, enhance and embed the risk framework for managing risks across the organization including ongoing reviews of policies and procedures, ensuring that they are fit-for-purpose
To make recommendations and develop new tools and methodologies to ensure that the organization is well equipped to identify new, emerging, existing and potential risks and ensure that adequate controls are in place to mitigate such risks
To periodically test the effectiveness of existing controls to ensure that all aspects of market, credit, liquidity and operational risk are identified and timely corrective action procedures are recommended and initiated
To ensure compliance with trading mandate risk parameters
To work closely with the risk director and business unit managers on all risk management issues
To evaluate new products and trading / hedging strategies for their impact on the organizations risk profile including developing quantitative / analytic models and applications in support of the organizations risk managements efforts in relation to market, credit and / or operational risks of new and existing products
To ensure automation where possible e.g. generating breach rule alerts from trading applications such as Bloomberg
To undertake sensitivity analysis, stress testing, value-at-risk, scenario testing and other simulations to ensure appropriateness and adequacy vs regulatory requirements and best practice
To assist in preparing regulatory reporting deliverables e.g. ICAAP / IRAP submissions to ensure that the organization is meeting external auditors and regulatory requirements
Adherence to the organization’s corporate governance structure
Other duties as allocated
Applicants must have :
High degree of numeracy. This will be proven by education (e.g. degree in engineering, mathematics, economics etc), professional qualification (e.
g. CA, ACCA, CFA) or previous job experience
Ideally, previous experience in the Investment Banking industry
Market risk experience is not required, but would be preferred. Operational Risk experience would be a strong advantage.