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Market Risk Officer

Riyadh, Saudi Arabia Posted 2024/04/17 06:52:31 Unlimited Ref: JB4858871

Job Description

JOB PURPOSE

 

Plays a vital role in protecting the organization from potential market-related losses, ensuring compliance with regulatory standards, and actively monitoring & reporting risk limits to maintain a sound risk management framework. This role demands an understanding of financial markets and analytical skills that help in safeguarding the organization's financial health.

 

 

DUTIES & RESPONSIBILITIES

 

§  Conduct quantitative and qualitative assessments of market risk factors, including interest rate risk, foreign exchange risk, equity risk, and commodity risk.

§  Monitor market risk exposures to ensure they remain within established risk limits and take prompt action in cases of limit breaches.

§  Monitor daily treasury group activity and report movements at the portfolio level.

§  Generate market risk position reports to maintain effective oversight on market risk exposure.

§  Keep oversight on traders dealing limits and review their end-of-day activity report/deal summary report.

§  Perform stress tests and scenario analyses to assess how extreme market conditions could affect the organization's financial position.

§  Analyze historical market data and perform statistical modeling to forecast potential market movements and assess their impact on the company's portfolio.

§  Collaborate with trading desks and other relevant departments in implementing strategies to mitigate market risk.

§  Stay updated on market developments, economic indicators, and industry trends that could impact the organization's risk exposure.

§  Effectively communicate market risk findings and strategies to various stakeholders, including senior management, traders, and compliance officers.

§  Analyze the balance sheet to ensure all market risks are identified and understood

§  Coordinate with different (internal) departments to ensure automation and enhancement on market risk reporting, their accuracy, and timeliness, and ensure these systems remain up-to-date.

§  Develop Market risk reports for Risk Committee.

 

 

 

 

 
 
 

Skills

QUALIFICATIONS & SKILLS

 

1.       Bachelor’s degree in a quantitative or analytical field such as Engineering, Mathematics or Finance preferred.

2.       1 to 2 years of market risk in the banking industry

3.       Analytical skills and proficiency in data analysis tools and software.

4.       Knowledge of market risk management tools, Excel-based data modeling, Data extraction, and familiarity of using Bloomberg terminal is a plus.

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Job Details

Job Location Riyadh, Saudi Arabia
Job Role Banking

Preferred Candidate

Career Level Entry Level
Degree Bachelor's degree

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