Manager Market Risk Job opportunity at Exim Bank Tanzania
Exim Bank Tanzania is looking for a new Manager, Market Risk Job opportunity. The role of the Manager, Market Risk is to provide advice and guidance on market risk management to the management team in order to ensure that Exim Bank Tanzania is meeting its objectives.
The incumbent will be responsible for managing the market risk function and its related activities. This includes developing and implementing strategies, policies, and procedures in relation to market risk management. The incumbent will also oversee the daily monitoring of risks and their mitigation through business continuity planning and disaster recovery plans.
The incumbent will also be responsible for ensuring that all compliance requirements are met within their functional area as well as liaising with regulators on regulatory changes in relation to market risk management across Africa.
Manager, Market Risk at Exim Bank Tanzania
Job Title: Manager, Market Risk
Department: Risk & Compliance
Reporting to: Head, Risk & Compliance
Responsible for: N/A
Region: Dar es Salaam
Hours of work: 8am -5pm Monday to Friday.
Additional hours as required by work load.
1. PURPOSE OF JOB:
« Market Risk Management works with the business units and control functions to help ensure the Bank has a transparent, consistent and comprehensive programme for managing Market risk and Liquidity risk .
The role will require collaborating with various stakeholders to build a sound market risk and liquidity risk framework that conforms to the risk appetite established by the Board.
2. PRINCIPAL ACCOUNTABILITIES
« Assist in the definition, review and implementation of limits as well as development of tools for effective limit monitoring and reporting.
« Obtain detailed understanding of profitability and document key Profit & Loss drivers.
« Effectively communicate risk issues to all levels of risk governance, control functions and the front office.
« Provide management (ALCO,RMC, MANCOM) and Board (BRMC] with appropriate insights and information on market risk profile and liquidity risk profile.
« Develop a strong independent view of current market conditions, front office positions and valuation of assets.
« Maintain regular engagement with the Front Office, Middle Office and Back Office teams to ensure risk issues are identified and resolved timely.
« Contribute towards the understanding of market and liquidity risks arising from new initiatives (trades, products, activities) and recommend appropriate controls.
« Leading and managing implementation of ICAAP and ILAAP requirements and ensure adequate governance process.
« Develop a comprehensive set of CAAP and ILAAP stress-test scenarios and ensure their regular review and update Enhance management’s view and decision on market risk and liquidity risk through periodic stress testing, in line with regulatory requirements.
3. SKILLS
« Excellent communication skills, both verbal and written; ability to produce concise and effective reports, presentations; ability to communicate complex quantitative analysis results in a clear, precise, and actionable manner .
« Strong understanding of the drivers and measures of market risk, strategic mind-set, with excellent knowledge and understanding of banking products and organisations.
4. QUALITIES
« Experience of at least 4 years in a similar function
« Significant experience in risk, with fluency in Market Risk; sound understanding of risk management principles.
« Good understanding of Market Risk concepts and metrics (vaR Pvo1, NII, scenario analysis, risk sensitivities, etc.), and governance frameworks.
Manager, Market Risk Job Vacancy at Exim Bank Tanzania
How to Apply:
Please send your application to [email protected]
Application deadline:- 26th May 2022
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