AVP – Market Risk Management

The Company:

Based in Bahrain since the 1980's our client is one of the leading international universal banks. They are a leading provider of Trade Finance, Treasury, Project & Structured Finance, Syndications, and Corporate & Institutional Banking. They are looking for an AVP Market Risk Management.

Duties & Responsibilities:

• Supervise and ensure the accuracy and timely delivery of all market risk reports and manage enhancements to all risk reporting processes.

• Review investment and trading proposals from Global Treasury and present a holistic risk analysis and recommendations for Group ALCO & Board Risk Committee.

• Lead enhancements to the market risk reporting framework including business analysis, migration planning and development of new reports/ risk dash boards and assurance of quality of market risk process and procedures manual.

• Review and provide comments on any new product proposed by Treasury prior to submission to New Products Committee (NPC).

• Assist Department Head in management of matters related to ALCO which includes preparation of Minutes of Meeting, compilation and circulation of the monthly ALCO reports, assisting in framing the ALCO Meeting agenda and ensuring the timely preparation and circulation of the ALCO material, following up to ensure timely completion of action points.

• Display high level of proficiency in the market risk engine (QRM) and working closely with the Head of Quantitative Analytics on changes/ updates to the system and maintenance of QRM toolkit.

• Lead regular review and update of Group market risk policies and ensure consistency with the Group wide process by reviewing market risk related policies.

• Act as backup to ensure to ensure smooth production of the daily reports in the absence of staff.

• Calculation of the Market Risk Capital charge using the VaR engine (QRM) on a quarterly basis.

• Preparation of investment portfolio reports and other ad-hoc reports, upon request.

Requirements

Qualifications & Experiences:

• Relevant degree in Mathematics/ Statistics/ Engineering
• Minimum 7 years experience in market risk management
• Strong knowledge of financial instruments and risk measurement methods and models.
• Knowledge of statistics and simulation methods.
• Credit Risk quantitative methods.
• Market and Liquidity risk measurement

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions: