• Application Deadline: Tue, 29 Aug 2023 00:00:00 GMT
• Position: Market Risk Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience


• Location Lagos


• City Victoria Island


• Job Field Banking  , Sales / Marketing / Retail / Business Development 
  

Job Description

• Monitor, report and ensure compliance to existing and revised market risk management policies and procedures of the Bank by Business Units.


• Performing appropriate Stress testing and Scenario analysis on the Balance sheet to determine the effect of unusual large movements in market risk factors.


• Measurement of Net Interest Income (NII) sensitivity based on structure of the Bank's Repricing Gap.


• Preparation of accurate market risk reports for ALCO, Line Management, Group Market risk Manager while providing practical recommendations for a better management and improvement of balance sheet risks management.


• Provide a first line review of all limit requests, liquidity funding and contingency plans, and stress testing procedures.


• Analyze macro-economic trends. Define short, medium- and long-term economic perspectives (market risk factors) and simulate its downside risk on the Bank’s on and off-balance sheet positions.


• Conducting Factor Sensitivities (PV01) and Duration analysis on Trading portfolio.


• Ensure that all market risks are adequately addressed via limits/triggers to prevent unauthorized exposures and determine additional limits/triggers beyond/below minimum requirements where necessary.


• Work with Trading and Investment desks to support new business initiatives in line with the Board’s risk appetite and the Bank’s risk management policies.


• Implementing best practice mark to market models such as interpolation and extrapolation models amongst others.