Market Risk Associate (Treasury / Investments / Credit) – Riyadh, Saudi Arabia

Northern Africa#Asia and South Asia
Posted 2 months ago

Reference No. CDTBLRB

Job Description:


 


Our banking client is currently recruiting a Market Risk Associate (Treasury & Credit Ratings), to be based in Riyadh, Saudi Arabia


 


The Market Risk Unit is within the broad mandate of Risk Management Department (RMD) which oversees the implementation of the organizations Risk Management Framework covering Credit Risk (and Credit Administration), Market Risk, and Operational Risk.


 


Responsibilities:


Under the supervision and guidance of the Director, Risk Management Department, and the Market Risk Unit Head, the Market Risk Associate will have the following responsibilities:


 


  • Ongoing monitoring of the company’s business processes and financial profile to identify any changes that might have an impact on their credit rating and recommending the necessary responses.
  • Ongoing liaison with international rating agencies and the main point of contact for all matters related to the company’s external credit ratings
  • Collect all required information from different departments of the organization and accurately complete all rating models and provide any other information required by rating agencies.
  • Develop and update internal data models linked to the external rating agency models to ensure accurate, faster and efficient rating/review processes.
  • Liaise with external consultants involved in the credit rating process.
  • Contribute towards internal and external initiatives to improve their own internal credit ratings for beneficiary entities, projects and countries to better measure and manage their credit risk
  • Support the mark to market process by ensuring that the MTM sources are updated and reflective of market rates/prices.
  • Assist in providing opinions for the risk profile of new products within trading and investment books.
  • Conduct scenario analysis to evaluate the potential impacts of various market events on their portfolio, providing insights and recommendations for risk mitigation
  • Prepare accurate and timely market risk reports and carry out market analysis and articulate the short-term view about their market risk profile.
  • Assist the market risk unit head in preparing the risk reports to the ALCO, Investment Committee, and the Board Risk Committee, highlighting key risk exposures, findings, and recommended actions.
  • Ensure compliance with the RMF requirements in terms of liquidity and treasury transactions and internal risk management policies and procedures.
  • Stay updated with market trends, industry developments.
  • Conduct regular and periodic Value at Risk (VAR) analysis related to the investments portfolio to measure the market risk exposures and to guide the internal operational decision-making.
  • Ongoing compliance monitoring and risk reporting of treasury/investments activities, market and counterparty credit risk exposures, and the provision of related treasury risk expertise in support of the overall risk management activities of BADEA.
  • Maintain an updated approved lists of counterparties and limits for depository banks, brokers, futures counterparties, etc.
  • Review of proposed investment/divestment/reallocation and other decisions/proposals   from   the   Investments   department   prior   to   their submission to the Investment Committee.
  • Attend to the external auditors requests during their mission to the company as appropriate
  • Review of investment managers periodic reports and advising on their overall performance in managing the assets and complying with applicable investment guidelines
  • Analyse and advise on complex or recurrent issues
  • investments and liquidity portfolios such as the costs and valuation of derivative contracts, calculation, and analysis of Potential Future exposure (PFE), etc.
  • Keep abreast of developments on International Financial Reporting Standards (IFRS) and their impacts on reporting in financial statements, especially in relation to complex financial instruments where applicable.
  • ALM – Verification and ongoing monitoring of the matching between the financial terms of the banks assets and liabilities to maintain market risk within the banks risk appetite statement
  • Working with financial data providers to collect and analyse all market data necessary for portfolios valuation, counterparties credit profile assessments, and other treasury data needs.
  • Maintain approved lists of ISDA, ISMA, depository banks, brokers, and futures counterparties.
  • Review and maintain up-to-date Treasury Risk Management operational procedures, propose new controls and optimized processes.
  • Participate to the negotiation and review of clauses in ISDA/CSA and GMRA agreements to ensure an adequate legal framework for treasury operations.
  • Contribute to the implementation of treasury risk measures or activity dashboards needed to be in line with industry standards, best practices, audit, and rating agencies requirements.
  • Perform other duties as assigned by the market risk unit head.


 


Requirements:


  • Hold at least a Masters degree or its equivalent (another post graduate qualification) in Business Administration, Finance, Banking or related field.
  • Familiarity with the credit rating methodologies of international rating agencies (Moodys, Fitch and S&P) preferably with prior working knowledge/experience in the same.
  • Strong analytical skills with a deep understanding of financial statement analysis and accounting concepts.
  • Ability to deal with large volumes of data, proficiency with figures and the ability to maintain accuracy and be detail oriented while complying with deadlines.
  • Strong Excel/Word/PowerPoint and database application skills. Ability to prepare forecasts based upon reasoned assumptions will be required.
  • Professional certification in Risk and/or Finance such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), Chartered Financial Analyst (CFA) or Certificate in Quantitative Finance (CQF) will be an advantage.
  • Have a minimum of six (6) years of relevant professional experience in International Financial Institutions or Investment Banks, with a large scope of treasury, fixed income activities, credit analysis and market risk assessment. Working experience in Fixed Income and Derivatives front-office, middle- office or risk management departments will be an advantage.
  • Ability to communicate effectively (written and oral) in English (required), Arabic (strong advantage), and French (desired).
  • Able to work effectively in a fast-paced environment, possesses strong interpersonal and communication skills, is customer-oriented, and demonstrates excellent presentation skills in front of internal and external audiences.
  • Experience in using Bloomberg, Reuters, as well as a knowledge of programming or database languages like Excel VBA, SQL, R, Python or C++ would be an advantage.
  • Solid quantitative background, extensive analytical skills, and ability to efficiently solve problems independently and proactively.
  • Well-organized with a proven ability to solve problems independently with a strong sense of personal ownership and a focus on timelines & results.
  • Ability to work autonomously as well as part of a multicultural team. Demonstrated knowledge and experience of financial and/or risk reporting. Ability to cope under pressure with strong planning and organization skills.


 


 


 


If you wish to apply for the position, please send your CV to Chalden Du Toit at cdutoit@caglobalint.com


 


Please visit www.caglobalint.com for more exciting opportunities.


 


Chalden Du Toit


Recruitment Consultant


CA Finance


 


CA Global will respond to short-listed candidates only. If you have not had any response in two weeks, please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.

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