Manager-Market Risk

§  Review and update the market risk policies, procedures, limits as per industry benchmarks, and APICORP’s risk appetite.

§  Develop and enhance market risk tools/systems and provide analytical support to monitor market risk. 

§  First-line oversight for operational risk within Treasury as well as for dealing activities executed by the Treasury function, including assurance that deals are executed in line with Dealing Mandates, within limits and Policy.  Escalation of breaches as appropriate.

§  Monitor market indicators to ensure full awareness of market conditions and trends and identify any alert/caution areas in APICORP’s market-linked investment portfolio.

§  Maintain the soundness of market risk management systems, tools, and applications, update methodologies to ensure these effectively assist in the early assessment of risk.

§  Provide independent oversight of the APICORP’s investment and hedging activities.

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

§  Monitor daily treasury group activity and value-at-risk (IR, FX, Credit spread, Equity) movement at the portfolio level.

§  Generate market risk position reports (e.g. Exceptions, FX-Net Open positions, PV01, DV01, Earnings impact VaR, etc.) to maintain effective oversight on market risk exposure.

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

§  Educate traders and various departments on their risk exposure

§  Keep oversight on hedging strategy, its cost-benefit analysis Vis-à-vis risk appetite.

§  Coordinate with the IT Dept., Finance department, and other Treasury to ensure automation and enhancement on market risk reporting, their accuracy, and timeliness, and ensure these systems remain up-to-date.

§  Evaluate external market risk systems and risk/trading models when required to evaluate its suitability.

§  Develop Market risk MIS reports for Risk Committee/ALCO.

Behavioural Competency

Strategic Mindset

§  Balances long term objectives with day to day activities

§  Identifies several likely causes or consequences of a situation

§  Anticipates obstacles

§  Thinks ahead about next steps

§  Aligns priorities and behavior to company strategy

Business Insight

§  Breaks business issues down and analyses them

§  Solves problems using tried and tested approaches

§  Draws in a subject matter expert to help you test and develop your ideas

§  Considers the likely causes of problems based on experience

Drive for Results

§  Sets and strives to meet and beat stretching goals and standards. Pushes boundaries

§  Applies established risk frameworks to identify, monitor, manage and report on risk

§  Proactively takes action to avoid a future crisis. Creates a “plan B”/contingency plan to mitigate threats and risks and uses alternative and well-thought strategies to achieve goals

§  Identifies creates, and pursues significant opportunities that are difficult and not obvious to others

§  Simplifies complexity for self and others and takes appropriate approaches to tackle ambiguity

Plans and Aligns

§  Aligns and coordinates plans and priorities across different areas of the organization

§  Identifies and addresses risks and contingencies as part of the planning process

§  Adjusts plans based on changing conditions

§  Plans resources to ensure that organizational priorities are met

Drives vision and purpose

§  Builds energy and optimism in others for the organization’s vision

§  Communicates the vision of the organization in a way others can relate to and buy into

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•      Bachelor’s /Master’s degree in a quantitative or analytical  field such as Economics, Engineering, Mathematics, Business Management or Finance preferred
•        CFA/FRM would be highly desirable
•         8+ years of market risk in the banking industry

Knowledge of market risk management tools, Excel-based data modeling, Data extraction, and modeling through Bloomberg and other information channels

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