Market Risk Analyst
4 days ago
Role Objective:
The Market Risk Analyst will assist in implementing leading market risk practices for Doha Bank, and contribute towards methods to enhance risk measurement and mitigation. The incumbent will assist in hedging market risks resulting from changes in market prices and market parameters such as profit rates, exchange rates, volatilities and share prices. The job holder will assist in ascertaining market variables and will perform regulatory risks assignments in accordance with ICAAP and Basel II requirements, and assess the Bank's rating vis-à-vis other players in the market.
Responsibilities:
• Assist in implementing sound market practices for the Bank for measuring, monitoring and controlling market risks, in compliance with industry best practices, approved risk policies and procedures, and respective regulators (viz. Qatar Central Bank as well as other regulators in the overseas jurisdictions).
• Assist in the implementation of the Bank's Market Risk Policy with exposure limits for capital usage and risk exposure of the Bank and assist in translating the same to individual business lines.
• Consolidate portfolio management data/ other MIS information received from the other market risk sub-functions responsible for Asset Liability Management (ALM) and sensitivity analysis.
• Assist in examining different scenarios and key performance indicators, furthering the formulation of a risk mitigation strategy and, in the implementation of risk segregation policies and recommendations.
• Assist in producing adequate and accurate reports pertaining to market risk and disseminating the same to the concerned business units/ senior management for their consideration/ corrective action.
• Ensure compliance with established/ approved risk policies and procedures and ensure that a sound environment for measuring, monitoring and controlling market risk is in place.
• Assist in evaluating funding concentrations and volatility of the different funding and risk sources, calculate various limits/ ratios, analyze the impact of adverse economic/ political trends and local/ international markets on the Bank's future cash flows and market confidence.
• Identify and monitor all market risks on a timely basis, including but not limited to investigation and reporting of limit excesses for approval.
• Ensure that all risk approvals meet overall policy guidelines and QCB regulations, specifying the terms and conditions to mitigate the market risks borne/ faced by the Bank.
• Assist the Senior Market Risk Analyst during UAT and regression testing for the stress tests, and in monitoring/reporting on the limits.
• Assist in ensuring regular back testing analysis and stress tests are performed to gauge/ predict the impact of market risk movements in times of stress and to validate test results.
• Assist in preparing analytic reports for the senior management, generated in the requested format or, in the absence of a suggestion, in a format that will be most useful to the purpose.
Education, Experience and Skills Required
• University graduate with a degree in Business or Banking or Finance or any other related discipline.
• 05-08 years of total experience in financial services/banking industry, entailing responsibilities pertaining to the specific area of discipline.
• Experience in market risk.
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