Risk Management Specialists,at East African Development Bank ,Uganda Jobs,
The EADB Risk Management Specialists will be responsible for improving Risk identification, measurement, monitoring and control through setting appropriate Risk policies and procedures, development of adequate Risk measurement models and providing of Risk advice to management on new activities and projects. They will also be responsible for monitoring Operational Risk arising out of handling market risks and financial Ratios.Key Duties and Responsibilities: · Review and formulate risk management policies and ensure that appropriate systems, procedures, limits and guidelines are in place to implement those policies so as to pre-empt and avert financial stresses and crises.· Establish a comprehensive market risk framework, including market risk methodology· Interpret market risk policies and ensure correct application. · Develop and apply market risk assessment systems as they apply to DFIs.· Identify, monitor and report market and counterparty risk exposures arising from treasury investment and funding operations.· Provide clear briefings of current events and issues to management. Perform ad-hoc analyses around the business (including notable new transactions) in order to assist management decision making· Regularly engage in dialogue with unit heads around market risk appetite, risk limits and individual large and complex transactions· Quantitatively evaluate treasury risk positions (mark-to-market or mark-to-model) including internally and externally managed investment portfolios, derivative portfolios, structured bond issuance and related swap transactions.· Promote the application of advanced risk analytics to measure and monitor risk exposures and enhance the methodology and process to reflect new market development, risk policies, and technologies.· Monitor changes of counterparties’ credit ratings, undertaking credit researches and analyses and evaluating the valuation methodologies for credit risk.· Prepare regular management reports on the performance of investment operations and related attribution analysis and contribute to the formulation of investment policy.· Assist in the maintenance and implementation of analytical systems and reporting requirements of market and treasury risk to enhance the timeliness and accuracy of information to end-users.· Initiate progress opportunities for process improvements; enhance accuracy and completeness of market risk metrics, and advance cross-regional and product analysis.· Compile and produce report risk metrics (including Stress Testing, Historical Simulation, VaR Analysis)· Work on regulatory driven market risk exercises· Assist in supervising the Back Office functions related to investment and funding activities by ensuring a timely and accurate confirmation of Deposits and swap transactions and a correct capturing of the trade terms and conditions.· Monitor prompt settlement of deals by Back Office with regard to receipt and payment of funds contracted.· Follow up on regular reconciliation of bank accounts to ensure no unauthorised transaction has occurred.Conduct regular checks and confirm to the management the correctness of application of rules and ratios arrived in respect of the following: Liquidity Ratio, Capital Adequacy, Debt/Equity Ratio, Translation Risk Revaluation and Other Financial RatiosPerform any other duties as assigned by Management.Qualifications, Skills and Experience: · The applicant should possess a good Master’s and Bachelor’s degree qualification in Risk Management or Finance (or equivalent)· Professional qualification such as CFA will be an added advantage.· Demonstrably numerate· Extensive knowledge of financial markets, preferably in credit and interest rates (including derivatives). Broad interest in markets essential· Good knowledge and understanding of risk sensitivities and P&L drivers· Have a good understanding of the fundamentals of trading.· Excellent technical skills (Risk methodology/Products/Systems)· Have good programming abilities and knowledge of MS Excel (with VBA preferred)· Strong analytical & quantitative skills, experience and working knowledge in statistics· Excellent written and spoken communication skills· Exceptional analytical skills· Proactive and able to work independently· Possess the ability to manage own workload· Lateral thinker and commitment to getting things done· Detail focused and Strong team playerIf you are a national of one of the EADB member states and your career aspirations match the aforementioned job role, please send your application via email, quoting the position on the subject of the email or cover letter. The cover letter should specify your suitability for the position that you are applying for and the detailed CV should highlight relevant experience, details of current and expected salary, a day time phone contact, email address, and the names and telephone contacts of three professional referees.The applications should be addressed to:.P O Box 6416, Nairobi, GPO 00100Email: recruit@adeptsystems.co.keClosing date: Wednesday 21 May 2014
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