Market Risk Officer at United Bank for Africa (UBA) Kenya

Job Objective

• Ensure timely and accurate development and submission of Market risk analysis and Balance Sheet reports to Management

Roles & Responsibilities

• Extract data and monitor group positions
• Responsible for periodic balance sheet stress testing
• Responsible for contingency funding plan maintenance and testing, to ensure that there are contingencies for systemic crises e.g. liquidity issues
• Monitor compliance with regulatory and internal limits
• Produce daily market risk reports
• Monitor proposed limits for indicators
• Monitor external and market risk indicators
• Collect market data and conduct statistical analysis
• Conduct risk assessment on new trading products
• Carry out P & L attribution analysis
• Maintain valuation rates
• Responsible for trading portfolio stress testing to see the impact of systemic variations on the bank’s position
• Responsible for trading book risk reporting
• Monitor commodity prices, exchange rates, interest rates and update the daily spot/monthly average prices database
• Manage daily collateral placement with counterparties for derivative transactions
• Monitors Key Risk indicators across the Subsidiary and produces relevant management reports

Key Performance Indicators

• Timely delivery of standard analysis and reports
• Responsiveness to information on changes in market trends
• High internal and external customer satisfaction index
• Good external risk rating
• Compliance with internal and external policies and regulations

Job Requirements

• Minimum of Bachelor’s Degree (MBA, MSC, MA, ML and/or Professional Qualifications compulsory)
• Minimum of 4 – 7 years banking experience; minimum of 6 - 9 years non-banking but related experience
• Key Competency Requirements
• Broad knowledge of financial accounting with ability to analyze and interpret corporate financial statements
• Good knowledge of risk assessment
• Good knowledge of the Country’s economy and market dynamics
• Good knowledge of the bank’s policies and procedures

Key Skills

• Good analytical skills
• Excellent writing skills
• Good presentation skills
• Good interpersonal skills
• Strong team player and excellent organization skills
• Strong attention to details and ability to work under pressure