Job description

Job Purpose Summary:

The candidate will have specialized experience and technical capability to deliver an end-to-end control framework along with advanced analytics applicable to market risk activities, ALM, modelling, Liquidity Risk, Economic Capital and related functional / operational capacity.

In addition, the candidate will be also be responsible for the adequacy and effectiveness of the operational risk management techniques/ processes. The incumbent will ensure independent and objective identification, assessment, measurement, monitoring, reporting and control of operational risk for the Branch, including, the management and supervision of all operational risk types such as internal and external fraud, employment practices and workplace safety, clients, products, & business practice, damage to physical assets, business disruption & systems failures and execution, delivery, & process management.

The candidate is also required to provide hands-on support and relevant solutions for effective operation of data management, MIS, analytics evaluations, and other support required for ALCO and Group Risk Committee and actively support the Head of Risk in Group Risk Projects and initiatives.

• Assist in the management of fundamental prudential risks of the bank: counterparty, leverage, liquidity, interest rate, currency, and other market risks.

  
  

• Support in the oversight and formulation of advice to the Branch on the current risk exposures of the bank and future risk strategy, including strategy for capital and liquidity management with due consideration to the current and prospective macroeconomic and financial environment.

  
  

• Take pro-active steps to enable the Branch to move to more sophisticated/ advanced methods for calculation/ measurement of operational risk and the related impact on the associated capital levels.

  
  

• Coordinate with Compliance to obtain updates on regulatory changes pertaining to risk to assess their impact on the Group’s different portfolio risk profiles.

  
  

• Support the department head to provide timely and accurate risk information to Risk & Management Committees, external & internal auditors and the Compliance function as and when required.

  
  

• To assist customers (External/Internal) in all their queries on the Divisions products/tasks and seek solution to their requests

  
  

• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/ units to achieve improvements in turn-around time.

  
  

• Relative to Market Risk Portfolio, ALM & Liquidity Risk Management;

  
  

• Review and propose necessary changes to the existing portfolio management techniques and procedures for the domestic and overseas business in light of changing market conditions based on Basel Committee recommendations/ other best practices and QCB or any host regulator regulations and guidelines to ensure that a sound environment for identifying, assessing, measuring, monitoring and controlling Risk is in place.

  
  

• Leverage on the necessary tools, systems, and MIS reports for monitoring of limits that relate to borrowers, counterparties, cross-border Group entities and more specifically excess over limit, expired limits, expired facilities, classification of advances per credit rating criteria, related party exposure and credit concentration, Liquidity monitoring and related market risk exposures

  
  

• Support for correction of any weaknesses identified during assessments, audits, or examinations by internal/ external audit staff, Group Compliance personnel, regulators examiners or Sharia’ auditors as applicable.

  
  

• Solid experience in market risk and liquidity risk management as well as excellent understanding of Asset-Liability management.

  
  

• Possess superior knowledge of operational risk management techniques and methodologies.

  
  

• Takes responsibility for self-development as well as acquiring skills and knowledge required to fulfilment of one's duties by proactively identifying areas for professional development of self and undertake development activities

  
  

• Seek out opportunities to remain current with all developments in professional field

  
  

• Hold meetings with staff and assess their performance as well as the function’s overall performance on a regular basis

  
  

• Take decisive action to ensure speedy resolution of unresolved grievances or conflicts within the team members

  
  

Education/Experience Requirements:

• University graduate (Bachelor’s degree) preferably with a Major in Finance, Banking, Economics, or Mathematics (related field of study in a quantitative subject), Masters preferred.

  
  

• Professional certification such as FRM, CPA, CFA will be advantageous.

  
  

• 10 years of experience in international banking with specific focus on Liquidity Risk Management, Stress tests, & ALM quantitative methods.

  
  

Required Special Skills:

• Knowledge of financial markets and products.

  
  

• In-depth understanding of risk methodologies, interest rate modelling, VAR, and/or other complex financial risk modelling.

  
  

• Strong understanding of operational risks across the full product/ process range found in banks/ FSI.

  
  

• Ability to work independently on multiple tasks and/or projects.

  
  

• Excellent oral and written communication skills in English.

  
  

• Adequate knowledge of IT systems/ applications.

  
  

• Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements, including related best practices.

  
  

• Self-motivated, eye for detail.

  
  

• Flexible team player and able to work and deliver under pressure.

  
  

Preferred candidate

Years of experience

8+ years

Degree

Bachelor's degree / higher diploma