Summary
Date Posted: Saturday, March 12, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Market Risk Analyst
Job Purpose
Responsible for spearheading management of financial risk in line with BOA Kenya’s Risk, Management Framework.

Key Duties and Responsibilities for the New Staff:
Risk Management Framework:
• Implementation and periodic review of the Enterprise Risk Management Framework on Financial Risk, Market, Liquidity and Project Risk frameworks.
• Review of risk event reports and action on Financial Risk, Market, Liquidity and Project Risk related matters.
• Identify, define, and implement Key Risk Indicators (KRIs).
• Continuously revise KRIs based on the Bank’s risk appetites.
• Monthly update of the detailed Financial Risk, Market, Liquidity and Project Risk Register.

Stress Testing, Scenario Analysis & Valuation Modelling:
• Development and review of stress testing framework, scenario analysis, and capital modelling.
• Conduct Monthly & Regulatory Liquidity and Market Risk Stress Tests.
• Monthly reviews of GAP Analysis for Liquidity & Interest Rate risk.
• Establishment of New valuation models (VaR, Sensitivity Analysis) and presentation to ALCO for adoption by the Bank & Monthly usage.

Risk Assessments & Monitoring:
• New Product and Process Risk assessments.
• Review and monitor ALM controls, policies & limits.
• Monitoring of risk indicators against the Bank’s various appetites.

Reporting and Regulatory Enforcement:
• Market Policy reviews and governance updates.
• Check and ensure the adequacy between the Bank’s practices and regulatory requirements (Basel II and various Risk guidelines).
• Preparation of reports (daily, weekly monthly, quarterly and Board as required).
• Develop dashboards and implementation of regulatory reports (ICAAP Models, Counterparty reviews).
• IFRS 9 model analysis.

Market Research:
• Daily scanning of Market information (Regulators, Securities Markets & General Information).
• Ensure the Bank’s alignment to best practice and global standards.

Co-operation/Liaison with the Other Teams:
• Monthly follow up for implementation of risk matters.
• Attend other risk related committee meetings and ad-hoc Project committee meetings.
• Other Special Assignments as assigned by the Head of Enterprise Risk.

Minimum Requirements
• Bachelor's Degree in Accounting, Finance, Economics or Business Administration from a recognized University.
• Financial Risk Management Certifications (FRM, CFA, FRR, ACI) preferred.

Competencies and Attributes
Skills/Experience Required
• Minimum 3 years relevant experience in market risk management in banking or financial institution.
• Knowledge in Treasury Front and Back-Office Operations.
• Knowledge of IFRS 9 standard with technical knowledge of ECL calculations.
• Thorough understanding of CBK prudential guidelines and the Risk management guidelines.
• Sound understanding of Enterprise Risk Management.
• Proficiency in Microsoft excel
• Excellent communication skills.

Competencies
• Outstanding Personal organization and prioritization skills
• Analytics and presentation skills.
• Relationships & Working Contacts
• Internal Stakeholders: Staff, Management & Group
• External Stakeholders: Regulatory Authorities, Service Providers

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Send your Current CV and brief application Letter to recruitment@boakenya.com   Application deadline is Wednesday, 16th March 2022.

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