AVP, Risk Oversight AVP, Risk Oversight …

First Abu Dhabi Bank
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 24 Oct 21
First Abu Dhabi Bank
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 24 Oct 21
See job description for details
Job Description

The purpose of the job is to provide comprehensive market risk oversight and control of Global Markets function on a near real time basis in compliance with Bank Policies, regulatory guidelines and financial market environment

Generic Accountability
  • Act in consonance with the Group's vision and mission to facilitate the organizational objectives of growing stronger
  • Ensure the achievement of the bank's business plans by optimizing risk adjusted performance of Global Markets
  • Provide an assurance to the GCRO through the Head of Market and Liquidity Risk that all material market risks pertaining to Global Markets have been identified & monitored and mitigation strategies put in place wherever required.
Job Specific Accountabilities
  • Assist the head of market risk oversight in implementing the Market Risk Appetite Framework ensuring a robust oversight and monitoring mechanism is in place.
  • Ensure correct monitoring and reporting of all market risks is done on a daily basis.
  • Ensure that all risk reports are reviewed, validated and analysed before and after dissemination to stakeholders
  • Ensure the business operates within the approved market risk limits
  • Perform stress testing in accordance with internal policies / regulatory guidelines.
  • Ownership of projects pertaining to market risk oversight and control.
  • Assist market risk management in preparing the risk packs to senior risk committees
  • Work closely with several teams to achieve the role objective
o Middle office and Risk Control - for daily validation of market and static data, collateral, risk reports etc.

o Market Risk Analytics team for risk methodologies, market data etc.

o Group Finance: Product control - active liaising to ensure the correct reflection of risk adjusted returns and accounting is aligned to risk practices
  • Carry out process improvements using Murex as the key systems enabler.
  • Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
  • Policies and Framework
o Group Market Risk and its associated policies

o Risk Appetite Statement

o Approved Product List

o Any other document / policy / processes related to Market Risk Management
  • Governance
o Investment Management Committee

o Valuation Committee

o CBUAE guidelines
  • Authorised to take decisions as per the approved authorisation matrix.

Minimum Qualification
  • Bachelor's degree in Finance or Economics.
  • Professional certification like FRM or CFA would be an added advantage
Minimum Experience
  • 5 years' relevant experience in the banking sector with at least 2/3 years in similar positions in the Market Risk or Treasury function.
Other essential requirements
  • Experience of having extensively worked on Murex platform for market risk management.
  • Knowledge of financial markets and multiple assets classes (Fx, fixed income, equities, commodities)
  • Ability to work accurately under pressure to tight deadlines.
  • Strong inter-personal skills in order to interact confidently with senior management
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