Senior Risk Analyst CRM-Market Risk And Trading Credit Risk Management

Support and work closely with the Head of Market & Traded Credit Risk and other members of the team to develop and implement market & traded credit risk management policies, processes, and procedures for the bank.

• Implement strategies to measure, report and control market risk and counterparty credit risks emanating from Treasury related activities.
• Monitoring the investment guidelines for the Asset Management business and serve as support to the designated ‘Risk Officer’ for Mashreq Capital.
• Support the designated ‘Risk Officer’ for ‘Mashreq Securities’ company in monitoring & preparation of report risks as per applicable rules & regulations prescribed by Securities & Commodity Authority (SCA’s) of UAE.
• Monitoring the daily EIBOR publications as per ‘Interest Rate Setting Guideline (‘IRSG’)’ of the bank.
• Quantify market risks and calculate required capital charge as per CBUAE/Basel requirements on a periodic. Must be well versed with Basel capital charge requirements on counterparty credit risk.
• Support initiatives and projects required on the ongoing improvement of internal procedures and support the bank in transition to newer Basel norms.
• Assist in the running, analyzing, and monitoring of Value at Risk and Pre-Settlement Risk Exposure (PSRE) exposure computation process.
• Regular analysis of the VaR and PSRE models through back testing methodologies.
• Monitor trading risk and counterparty credit risk exposures against approved limits, including investigating and reporting any excess for approval by the relevant authorities on a timely basis.
• Must have knowledge on valuations of treasury products including different type of valuations reserves such as fair value reserves, credit valuation adjustments, prudent valuation adjustments etc.
• Enhance and periodically track the KPIs included in the market risk appetite framework as set by management.
• Review new products and business initiatives from a market risk perspective and contribute in departments BCP and Risk Control and Self-Assessment (RCSA) exercise.
• Ensure to comply with the audit requirements, internal and external reporting obligations etc. in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank.
• Production of reliable metrics for market risk management and obtain limit excess ratification/approvals as defined in policy.
• Develop Standard Operating Procedures (SOP) / process flow integrating the various workflows and metrics.
• At least 3-5 years of experience in banking with exposure to Treasury.
• At least 2+ years in market risk related functions.
• Degree in Finance, banking studies or any relevant commercial discipline.
• Professional Qualification would be a distinct advantage e.g. CFA /FRM.
• Excellent computer skills (especially Excel, Visual Basics, SQL etc.). Working knowledge of deal booking systems, Bloomberg, Reuters a plus.
• Satisfactory understanding of latest Basel Accords and the treatment of Market Risk there under.
• Strong analytical skills and knowledge on Financial Risk Management
• Candidates must prove that they have knowledge of statistical and financial / economic concepts.
• Team player, self-starter, innovative and highly motivated.