Market & Liquidity Risk Manager

Job description / Role

Deloitte, established globally in 1845, is the world's largest and leading professional services firm, providing audit and assurance, tax, consulting, financial advisory, and risk advisory services to public and private clients spanning multiple industries. We are present in more than 150 countries, and as the world's largest management consulting business, Deloitte is distinct in its ability to help clients solve their most complex problems, from strategy to implementation.

Deloitte has a proud legacy in the Middle East region, with an uninterrupted presence since 1926, and is present across 29 offices in 15 countries. Over the last 96 years, we have served as trusted advisors for clients. Deloitte's presence in the region has contributed to the advancement and growth of the professional services industry in the region.

We have received numerous awards in the last few years, such as Brand Finance's strongest and most valuable "commercial services" brand in the world (2022), the Great Place to Work® and Best Workplaces™ in the UAE (2022), the Great Place to Work® and Best Workplaces™ in the KSA (2022), and "World's Most Attractive Employers" (2022). These awards are a recognition of how Deloitte makes an impact that matters to its clients, talent, and society.

We invest in outstanding people of diverse talents and backgrounds and empower them to achieve more than they could elsewhere. Our work combines advice with action and integrity. We believe that when our clients and society are stronger, so are we. Our organization has grown in scale and diversity, providing services across the region, with our shared culture remaining the same. We aim to help clients realize their ambitions, make a positive difference in society, and maximize the success of our people. This drive fuels the commitment and humanity that run deep through our every action.

Financial Risk Regulatory - RTC | Treasury and Market Risk | Market & Liquidity Risk Manager

Our Purpose

Deloitte makes an impact that matters. Every day we challenge ourselves to do what matters most- for clients, for our people, and for society. We serve clients distinctively, bringing innovative insights, solving complex challenges, and unlocking sustainable growth. We inspire our talented professionals to deliver outstanding value to clients, providing an exceptional career experience and an inclusive and collaborative culture. We contribute to society, building confidence and trust in the markets, upholding the integrity of organizations, and supporting our communities.

Our shared values guide the way we behave to make a positive, enduring impact:

- Lead the way
- Serve with integrity
- Take care of each other
- Foster inclusion
- Collaborate for measurable impact

During your tenure as a Market & Liquidity Risk Manager , you will demonstrate and develop your capabilities in the following areas:

- Delivery: To contribute to the overall success of a client engagement and support senior team members by delivering work to a high quality within the appropriate timelines and adhering to the methodologies. Take responsibility for key deliverables on engagements.
- Team Working: To collaborate and work with other team members, coach junior people and sharing knowledge and experience. Must work well in a team-oriented environment as well as independently.
- Client: To build an understanding of client business and markets. Shows a personal commitment to understanding and meeting client needs.
- Business Development: Carry out research to write White Papers/ Point of views or create proof of concepts for a tool that will support team in business development.
- Personal Development: To proactively identify opportunities to understand and build on known strengths and to address development areas.

Requirements

Qualifications:

- Minimum of 6 - 8 years of experience in consulting for financial institutions and/or in a Treasury/Global Markets Front Office/Market Risk/Quantitative Analytics team in a bank or similar financial institution
- Proven understanding of Financial Risk Management, specifically Market, Counterparty Credit and Liquidity Risks (including, but not limited to Financial instruments valuations & Derivatives pricing; VaR; Expected Shortfall; xVA including PFE methodologies; Basel 3 Reforms Requirements around the Fundamental Review of the Trading Book (FRTB), CCR and CVA; IRRBB EVE, NII & Behavioural Modelling; LCR & NSFR; Market & Liquidity Risk Stress Testing and statistical modelling of historical and expected relationships and correlations between risk factors and macroeconomic and other systemic or idiosyncratic considerations; calibration of parameters from stress scenarios)
- Demonstrable experience in developing and validating tools, models and methodologies used in the pricing and valuation of financial instruments (including vanilla and exotic options, derivatives); Quantification of Market Risks (e.g. VaR and ES models); Counterparty Credit Risk & CVA (including an understanding of Wrong-Way Risk, and the applicable stochastic processes and methods used to simulate the paths of market variables such as FX, interest rates and commodity prices; determination of Expected Exposures, PDs and Recovery Rates); Bootstrapping of yield curves (e.g. from observable market prices) and PD term structures (e.g. from credit ratings, CDS spreads and applicable methodologies using proxies)
- Analytical and quantitative background is a must (financial engineering / quantitative finance / actuarial science / FRM or equivalent)
- Proficiency in Excel and VBA; Programming experience in Python or R is a plus
- Fluency in English is a must; Arabic is a plus

About the Company

Deloitte is the world's largest and leading professional services firm, providing audit & assurance, consulting, financial advisory, risk advisory and tax and services to public and private clients spanning multiple industries, whether they are in the energy, communications, oil and gas, financial services, family businesses, healthcare, public or education sectors among others.

With a globally connected network of member firms in more than 150 countries and territories, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's more than 250,000 professionals are committed to becoming the standard of excellence.

Deloitte & Touche (M.E.) is a member firm of Deloitte globally and is the first Arab professional services firm established in the Middle East region Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is a leading professional services firm established in the Middle East region with uninterrupted presence since 1926 with 26 offices in 15 countries to date. What distinguishes Deloitte member firms in the Middle East is the global and regional expertise and know-how offered through specialized and highly knowledgeable talent. Deloitte aims to offer the best services to its clients through a team with more than 3,300 partners, directors and staff in the Middle East which guarantees effective communication with clients and a deeper understanding of their needs. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has also received numerous awards in the last few years which include best employer in the Middle East, best consulting firm, the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW), as well as the best CSR integrated organization.

Deloitte drives progress. Our practices around the Middle East support clients become leaders wherever they choose to compete. We invest in outstanding people of diverse talents and backgrounds and empower them to achieve more than they could elsewhere. Our work combines advice with action and integrity. We believe that when our clients and society are stronger, so are we.

Our Purpose

Deloitte makes an impact that matters. Every day we challenge ourselves to do what matters most-for clients, for our people, and for society. We serve clients distinctively, bringing innovative insights, solving complex challenges and unlocking sustainable growth. We inspire our talented professionals to deliver outstanding value to clients, providing an exceptional career experience and an inclusive and collaborative culture. We contribute to society, building confidence and trust in the markets, upholding the integrity of organizations and supporting our communities.

Our shared values guide the way we behave to make a positive, enduring impact:

• Integrity
• Outstanding value to markets and clients
• Commitment to each other
• Strength from cultural diversity