Assistant Vice President

Tandem Search

Manama, Bahrain

Ref: KP709-1807

Job description / Role

Employment: Full Time

A leading regional bank in the GCC is seeking to recruit an Assistant Vice President (AVP) Market Risk Manager in the Credit & Risk Group based in Bahrain. The candidate must have over 7 years experience in market risk management.

- Engage with Group Treasury for preparation of the Annual Trading and Investment Limits.
- Review and provide comments on any new product proposed by Treasury prior to submission to New Products Committee (NPC).
- Review ad-hoc investment/trading proposals from Global Treasury (which are not part of the annually approved limits), perform a holistic risk analysis and submit to ALCO/BRC with T & FMRs recommendations.
- 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.
- 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.
- 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.
- Ensure accurate and timely delivery of all reports and in case of errors in reporting process, lead interaction with the recipients of the report.
- 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

- Financial instruments and risk measurement methods and models.
- Statistics and simulation methods.
- Credit Risk quantitative methods.
- Market and Liquidity risk measurement.
- The candidate must be an undergraduate specializing in Mathematics / Statistics / Engineering.

About the Company

Building businesses, changing lives

At Tandem, we’ve built a vast network of top-tier professionals across the globe. We empower businesses to thrive by delivering unmatched talent solutions. With our global reach, collaborative approach, and unwavering commitment to excellence, we drive transformative growth and shape exceptional teams.

Who we are.

We are a team of industry experts, driven by a passion for innovation and excellence. We are dedicated to providing unique talent solutions and nurturing collaborative partnerships that redefine success.

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