Risk Analytics & Reporting Manager

Job description / Role

Our client is a Sharia-compliant investment bank with a capital of over SAR 800,000 million. Our client offers wide-ranging investment services that support both individual as well as corporate financial goals.

Our client is looking for an experienced Risk Analytics & Reporting Manager.

You will be in charge of monitoring and controlling of Market risk aspects of our client and enhancing the market risk control policies and procedures.

Duties & Responsibilities
- You will review on ongoing basis the current policies and procedures.
- You will monitor market to ensure full awareness of market conditions, requirements and risk management framework.
- You will maintain the soundness of market risk management systems, tools and applications, update methodologies to ensure these effectively assist in the early assessment of risk for our client.
- You will provide independent oversight of the company's proprietary investment activities.
- Enhancement in Risk Models used across risk management such as stock Risk Classification if needed.
- You will generate system reports (e.g. gap reports, VaR etc..) and calculate risk parameters.
- You will report limit breaches to the Head of Risk of any deviations.
- Prepare Quarterly Audit & Risk Committee and Board presentations if required.
- Review Net Capital Computation and prepare the ICAAP report to the Regulator on annual basis.
- You will conduct risk review on counterpart and new products.
- You will coordinate with the IT Dept and other related business areas to specify market risk reporting requirements, maintain accuracy and ensure these systems remain up to date.
- You will evaluate external market risk systems models when required to evaluate suitability for te company(including system compliance with market risk policies) and make recommendations on whether these should be adopted by the company.

Requirements

- Knowledge of the latest development in risk management tools and software applications and statistical modeling.
- Bachelors degree in a quantitative or analytical field in Finance, Mathematics or Statistics.
- FRM/PRM will be an advantage.
- 3-5 yrs of relevant risk experience in Asset Management firm or Financial Services.

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:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering