• Head of Market Risk Job at ABSA

  • Posted on: 10 January, 2017 Deadline: 19 January, 2017
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  • Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of Africa’s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. The Group was formed through combining Absa Group Limited and Barclays’ African operations on 31 July 2013. Reflecting the enlarged group’s pan-African focus, the Group's name changed from Absa Group Limited, to Barclays Africa Group Limited on 2 August 2013. Registered head offices are in South Africa and the Group has majority stakes in banks in Botswana, Ghana,Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group has representative offices in Namibia and Nigeria, as well as bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges.Barclays Bank PLC has operations in Egypt and Zimbabwe, which are part of the African business and continue to be run by Barclays Africa Group’s management
     

    Head of Market Risk

     

    Job Purpose

    The jobholder will be part of the team that ensures that market risk is identified, measured, reported and

    challenged to agreed standards across Barclays bank Kenya. The Jobholder will also be responsible for implementing the market, liquidity and interest rate risk control environment around Markets and Treasury businesses in BBK-based legal entities or branches, monitoring, supporting and challenging the direction of the firm’s own investment portfolio in a manner consistent with the strategy of the organization.

    Main accountabilities and approximate time split

    Accountability

    Time split 10%:

    Effective Origination, execution and monitoring of deals

    • Participate in new product / business developments, significant change processes and complex trade reviews by performing risk assessment
    • Contribution in the development and approval of new products in Global Markets
    • Contribution to the preparation and approval of large and non-standard transactions within the bank
    • Contribution in control of limits and exposures on trading counterparties

    Accountability: Controls (Mandatory for all roles)

    Time split 30%:

    Effective Stakeholder relationship management

    • Continually interact with Front Office staff to discuss risk profile and key risks
    • Build strong internal (Market Risk) and external (Front Office and other Infrastructure areas) relationships, to build synergies and efficiencies
    • Manage business needs and expectations
    • Providing actionable advice on current and emerging issues for all business lines
    • Work directly with, and develop effective and constructive working relationships with a diverse set of stakeholders including: Head of Markets, Head of Sales and Trading, Head of RBB, Treasurer, Head of Credit, Head of CIB, Chief operations officer, Head of Compliance, Chief finance officer and Chief risk officer.

    Risk and control

    Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.”

    Technical skills / Competencies

    • Bachelor’s degree (NQF Level 6) in Statistics, Mathematics, Risk Management or Accounting
    • More than 4 years’ experience in Market Risk, Treasury, Front Office, Middle Office, Finance or Product Control in a financial institution, financial regulatory or consulting companies.
    • Experience in being able to produce high quality work under pressure, prioritise work and meet deadlines.
    • Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet
    • High level of analytical skill
    • Preferred:
    • Post graduate qualification (NQF7) in Statistics, Mathematics, Risk Management or
    • Accounting
    • MBA qualification

    Knowledge, Expertise and Experience

    Knowledge & Skills: (Maximum of 6)

    • Working knowledge of the banking environment, local and global markets
    • Excellent interpersonal communication skills (verbal and written communication)
    • Stakeholder management skills
    • Analytical skills
    • Excellent MS Excel skills
    • Good understanding of the regulatory and control environment

    Competencies: (Maximum of 8 competencies)

    • Deciding and initiating action
    • Adapting and responding to change
    • Strong communication and influencing skills
    • Planning and organising
    • Coping with pressure and setbacks
    • Analytical skills
    • Relationship building and partnership approach
    • Delivering results and exceeding expectations

    Barclays Values

    Approvals

    • Respect
    • Integrity
    • Service
    • Excellence
    • Stewardship

    Agreed by Current Job Holder

    Agreed by Line Manager

    Co-signed by HR Manager

    Primary Location

    Kenya

    Job Type

    Permanent/Regular

    Method of Application

    Interested and qualified? Go to Absa Bank Limited career website on barclays.taleo.net to apply

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