Vacancies - Stanbic IBTC Bank Nig Plc Is Currently Accepting Cvs ...

Employer: Stanbic IBTC Bank Nigeria Plc

The Company

Stanbic IBTC Bank Nigeria Plc is recruiting to fill the vacant position of:

►Job Position: Manager Market Risk
►Job ID: 12639
►Location: Nigeria

Division Proposition

Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.

Position Description

To effectively monitor and report market risk and other related risks of the bank on a daily basis

To ensure that the Senior Management and the Traders of the bank are fully aware of the market risks within the trading books

To advice and educate on possible outcomes and resolutions of the bank’s risk

Enforce and ensure compliance with market risk policies and procedures

Identification of new risk exposures and factors

Effective and comprehensive price validation of all risk drivers

Key Responsibilities

Enforce and ensure compliance with market risk policies and procedures as it relates to FX, MM, FI and FI

Identify all the products in the books of the bank, ensure they have been signed off by the NPC and mandates exist for their use.

Ensuring that only authorized products and risk factors are traded by desks

Track the P/L from all products in the Banking & Trading Book. This entails daily review of Risk and P&L reports & determines P&L attribution per product

Quantification of Market Risk for Trading book, Banking book for Equity, Interest rate products and for FX products

Supervise production of daily, weekly and periodical MR reports to various committees of the firm (ALCO, BRMC etc)

To ensure that relevant meaningful and insightful commentary is included in all reports (daily, weekly, monthly e.t.c) that clearly and succinctly gives the reader an understanding of the salient risk exposures and sources of P& L on the desk, country, region, FX business and demonstrates the preparers understanding thereof.

Supervise Effective and comprehensive price validation of liquid risk drivers (daily) and all risk drivers (at least monthly).

Management of all breaches from identification through to closure thereof (position reduction, condonement etc.). This includes recommendations of corrective actions to traders before close of business. This involves daily monitoring of exposures, limits for all the books i.e. banking, trading & Equity.

Monitoring of back testing exceptions.

Quantification of Normal VaR, Stress VaR and PV01 computation & analysis.

Automating all risk reports to shorten the time for producing the reports and increase integrity.

Building and strengthening relationships and ensuring interaction with Front office, Back office, Finance, and Calypso IT Team

Providing leadership, for subordinate(s) in terms of an efficient working environment, training and doing more with our current resources.

Required Skills and Qualifications
Qualifications

A good first degree in a quantitative field

Good understanding of various Financial Instrument Analysis (Bonds, FX, Interest Rate Instruments)

Experience

Candidate must have 3 to 5 years of experience in a Financial Institution, 3 of which must be in Market Risk

Required Competencies

Technical competencies

Interest Rate Instruments

Good understanding of how the Bond, FX and Interest Rate Markets work

Good knowledge of VaR and Stress testing

Personal competencies

Good understanding of how the Bond, FX and Interest Rate Markets work
Good knowledge of VaR and Stress testing
Ability to manage a team
Ability to program in VBA for Excel or other suitable OOL while not compulsory would be a bonus
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.

How To Apply
Interested qualified candidates should
Click Here To Apply Online

Application Deadline Date
21st June, 2014.