Snr Manager Market & Liquidity Risk at Equity Bank Kenya

Job Purpose:

Responsible for the development, implementation, and oversight of the banks market and liquidity risk frameworks. The Senior Manager will ensure these frameworks effectively identify, measure, monitor, and control market and liquidity risks, safeguarding the bank's financial stability and resilience. This role requires deep expertise in financial markets, risk modeling, and regulatory requirements.

Key Responsibilities 

• Framework Development & Maintenance: Design, implement, and maintain comprehensive market and liquidity risk management frameworks, including policies, procedures, methodologies, limits, and risk appetite statements. Ensure alignment with industry best practices and regulatory expectations.
• Market Risk Identification & Measurement: Identify and assess market risks across various asset classes, including interest rate risk, foreign exchange risk, equity price risk, and commodity price risk. Employ appropriate quantitative techniques, such as Value-at-Risk (VaR), stress testing, and scenario analysis.
• Liquidity Risk Management: Develop and implement a robust liquidity risk management framework, encompassing cash flow forecasting, liquidity stress testing, contingency funding planning, and collateral management. Monitor key liquidity metrics and ensure compliance with regulatory liquidity requirements.
• Risk Reporting & Monitoring: Prepare and present regular market and liquidity risk reports to senior management and the board risk committee, highlighting key risk exposures, emerging risks, and portfolio performance. Develop and monitor key risk indicators (KRIs) to proactively identify and manage potential risks.
• Stress Testing & Scenario Analysis: Conduct rigorous stress testing and scenario analysis to evaluate the organization's resilience to adverse market movements and liquidity shocks. Develop contingency plans to mitigate potential losses.
• Model Validation: Oversee the validation of market and liquidity risk models, ensuring their accuracy, reliability, and appropriateness for their intended use.
• Regulatory Compliance: Stay informed about and ensure compliance with relevant regulations and supervisory guidance related to market and liquidity risk (e.g., Basel Accords, BCBS publications).
• Collaboration & Communication: Collaborate effectively with various departments, including internal control, finance, and treasury, to ensure integrated market and 
• liquidity risk management practices across the bank. Communicate risk policies and procedures effectively to stakeholders.
• Team Leadership & Mentorship: Lead, mentor, and develop a team of market and liquidity risk analysts, fostering a culture of continuous learning and high performance.
• Technology & Innovation: Identify and evaluate new technologies and tools to enhance market and liquidity risk management processes and improve efficiency.

Qualifications

Qualifications And Experience

• Bachelor’s degree in Business, Financial Engineering, Mathematics, or a related quantitative field. Relevant professional certifications (e.g., FRM, CFA) are highly preferred. 
• Minimum of 4-7 years of progressive experience in market and/or liquidity risk management, preferably in the financial services industry.
• Deep understanding of financial markets, instruments, and risk management principles.
• Strong quantitative and analytical skills, including experience with statistical modeling, time series analysis, and simulation techniques.
• Proficiency in risk management software and programming languages (e.g., Python, R, Matlab) is highly desirable.
• Experience with regulatory reporting and compliance related to market and liquidity risk.
• Excellent communication, interpersonal, and presentation skills.
• Demonstrated leadership and team management abilities.

Key Competencies & Skills

• Quantitative Analysis & Modeling
• Market & Liquidity Risk Expertise
• Regulatory Awareness
• Problem Solving & Decision Making
• Communication & Presentation
• Leadership & Teamwork
• Strategic Thinking