Senior Risk Analyst - UAE National Only

Support and work closely with the Head of Market & Traded Credit Risk and other members of the team to develop and implement market & traded credit risk management policies, processes, and procedures for the bank.

Key Results Areas

Implement strategies to measure, report and control market risk and counterparty credit risks emanating from Treasury related activities.

Monitoring of the investment guidelines for the Asset Management business and serve as support to the designated Risk Officer for Mashreq Capital.

Support the designated Risk Officer for Mashreq Securities company in monitoring & preparation of report risks as per applicable rules & regulations prescribed by Securities & Commodity Authority (SCA's) of UAE.

Monitoring the daily EIBOR publications as per Interest Rate Setting Guideline (IRSG) of the bank.

Quantify market risks and calculate required capital charge as per CBUAE/Basel requirements on a periodic. Must be well versed with Basel capital charge requirements on counterparty credit risk.

Support initiatives and projects required on the ongoing improvement of internal procedures and support the bank in transition to newer Basel norms.

Assist in the running, analyzing, and monitoring of Value at Risk and Pre-Settlement Risk Exposure (PSRE) exposure computation process.

Regular analysis of the VaR and PSRE models through back testing methodologies.

Monitor trading risk and counterparty credit risk exposures against approved limits, including investigating and reporting any excess for approval by the relevant authorities on a timely basis.

Must have knowledge on valuations of treasury products including different type of valuations reserves such as fair value reserves, credit valuation adjustments, prudent valuation adjustments etc.

Enhance and periodically track the KPIs included in the market risk appetite framework as set by management.

Review new products and business initiatives from a market risk perspective and contribute in departments BCP and Risk Control and Self-Assessment (RCSA) exercise.

Ensure to comply with the audit requirements, internal and external reporting obligations etc. in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank.

Production of reliable metrics for market risk management and obtain limit excess ratification/approvals as defined in policy.

Develop Standard Operating Procedures (SOP) / process flow integrating the various workflows and metrics.

Operating Environment, Framework and Boundaries, Working Relationships

Regular interaction and working relationship with:

Treasury and Capital Markets (TCM)

Wholesale Risk Management

Central Accounts Department

Internal & External Audit

Other Business Units

Knowledge, Skills and Experience

At least 3-5 years of experience in banking with exposure to Treasury.

At least 2+ years in market risk related functions.

Degree in Finance, banking studies or any relevant commercial discipline. Professional Qualification would be a distinct advantage e.g. CFA /FRM.

Excellent computer skills (especially Excel, Visual Basics, SQL etc.). Working knowledge of deal booking systems, Bloomberg, Reuters a plus.

Satisfactory understanding of latest Basel Accords and the treatment of Market Risk there under. Strong analytical skills and knowledge on Financial Risk Management

Candidates must prove that they have knowledge of statistical and financial / economic concepts. Team player, self-starter, innovative and highly motivated.