Market Risk Officer ENG RMD 998- ECO BANK

Locations

21, Ahmadu Bello Way, Victoria Island - Lagos - Nigeria, NG

Posting Date

08/23/2023, 09:52 AM

Apply Before

08/29/2023, 03:51 AM

Degree Level

Bachelor's Degree

Job Schedule

Full time

Job Description

-Monitor, report and ensure compliance to existing and revised market risk management policies and procedures of the Bank by Business Units.

-Performing appropriate Stress testing and Scenario analysis on the Balance sheet to determine the effect of unusual large movements in market risk factors.

-Measurement of Net Interest Income (NII) sensitivity based on structure of the Bank's Repricing Gap.

-Preparation of accurate market risk reports for ALCO, Line Management, Group Market risk Manager while providing practical recommendations for a better management and improvement of balance sheet risks management.

-Provide a first line review of all limit requests, liquidity funding and contingency plans, and stress testing procedures.

-Analyze macro-economic trends. Define short, medium- and long-term economic perspectives (market risk factors) and simulate its downside risk on the Bank’s on and off-balance sheet positions.

-Conducting Factor Sensitivities (PV01) and Duration analysis on Trading portfolio.

-Ensure that all market risks are adequately addressed via limits/triggers to prevent unauthorized exposures and determine additional limits/triggers beyond/below minimum requirements where necessary.

-Work with Trading and Investment desks to support new business initiatives in line with the Board’s risk appetite and the Bank’s risk management policies.

-Implementing best practice mark to market models such as interpolation and extrapolation models amongst others.

-Attend to other tasks as may be assigned by Head, Market Risk; Group Market Risk Management and/or Country/Cluster Risk Manager

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