National Bank Market Risk Analyst Job in Kenya

National Bank

Position Title: Market Risk Analyst

Job Ref No.HR/02/16
 

Division: Enterprise Risk
 

Reporting to: Manager, Market Risk

Position scope: Co-ordinating accurate analysis of market risks, implementing controls within the business unit to meet all regulatory and internal requirements, ensuring proper functioning of day-to-day controls and periodic monitoring of risk issues for timely resolution.

 

Key Responsibilities:

• Monitor all market risk activities on a timely basis including investigation and reporting of limit excesses for approval by the Head of Enterprise Risk.


• Conduct daily reconciliation of CBK accounts against GL and Internal Ledgers to provide accurate positions.


• Support the Manager Marketing Risk to review and analyze key exposures, limits and their utilization in view of prevailing market conditions.


• Support the Mark to Market (MTM) process by ensuring that the MTM sources are updated and reflective of market rates/prices.


• Daily production and distribution of market risk and credit risk reports to Treasury Department.


• Liaise with Business Units in particular Treasury to provide market risk support and analyses.


• Liaise with internal / external auditors and regulators where appropriate.


• Establish and maintain control framework to ensure compliance to Bank’s policies, CBK regulations, accounting and operating procedures/codes, including Anti-Money Laundering regulations.


• Contribute towards development of the Bank’s strategic risk management capability and risk/return assessments and benchmarks.


• Review Product Design Documents (PDDs) in line with business strategy


• Conduct reconciliation of FX position accounts to provide accurate dealer and country positions.


• Co-ordinate with Finance Dept to resolve Balance sheet.


• Support the back-testing and stress-testing processes and perform other analyses where required.


• Investigate and report off-market rate transactions.

Key Performance Indicators:

• Financial performance through growth in Bank’s profitability


• Business development and / strategic initiatives


• Increased efficiency in Internal operations through Operational and Risk control


• Compliance with Internal and regulatory policies


• Improved relationship with External Parties & Others

Work Relationships:
 

Internal

• Treasury


• Finance


• ALCO Team


• Head of Divisions


• Internal Audit/Compliance


• Back Office


• ICT Line Managers

External

• External Auditors


• Central Bank Inspectors


• Reuters & Bloomberg Support


• OPICS/MISYS support team

Skills & Experience:
 

Essential

• University degree in Business related field. Mathematics, Statistics or Economics will be an added advantage


• At least 2 years Banking experience


• Good knowledge of SQL query language


• Good Excel knowledge with “Macro” functions


• Background knowledge on reconciliations


• Basic knowledge of risk management and control in Treasury environment


• Excellent analytical skills


• Good interpersonal and communication skills


• Willingness to challenge trading/sales management on risk issues


• Attention to quality and focus on continuous improvement

Desirable

• Certified Public Accountant, CPA (K) or ACCA


• Over 2 years working experience in Financial Markets and Risk Management

How to Apply:
 

Send your CV and application letter clearly indicating the position title on the subject line to: Recruitment@nationalbank.co.ke by 19th February 2016.
 

Only shortlisted candidates will be contacted.