Market Risk Associate

1 week ago

Riyadh, Ar Riyāḑ, Saudi Arabia CA Global Headhunters Full time
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, Ba

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