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Job Description
We are seeking a highly motivated and experienced Market Risk Specialist to join our dynamic Risk Management team.
Responsibilities
Risk Monitoring and Analysis:
- Monitor and analyze market risk exposures, including interest rate risk, foreign exchange risk, and commodity price risk.
- Conduct regular stress testing and scenario analysis to identify potential vulnerabilities and assess the impact on the bank’s portfolio.
Reporting and Communication:
- Prepare and present comprehensive market risk reports to senior management and relevant stakeholders.
- Communicate key risk metrics and trends effectively, providing insights that support decision-making processes.
Risk Modeling:
- Develop and enhance market risk models to accurately measure and predict potential risks.
- Ensure compliance with regulatory requirements by staying abreast of industry best practices and regulatory changes.
Policy and Procedure Compliance:
- Ensure adherence to internal risk policies, procedures, and regulatory guidelines.
- Collaborate with other departments to implement risk management best practices across the organization.
Collaboration:
- Work closely with traders, portfolio managers, and other relevant teams to understand business strategies and identify emerging risks.
- Provide risk expertise and support in the development and implementation of new financial products.
Continuous Improvement:
- Identify opportunities for process improvement within the market risk function.
- Contribute to the development and enhancement of risk management tools and methodologies.
Qualification
- Bachelor’s Degree in Finance, Economics, Mathematics, or a related field.
- 4-6 years of experience in market risk management within the banking or financial services industry.
- Solid understanding of financial instruments, derivatives, and risk measurement techniques.
- Familiarity with relevant regulatory requirements and industry standards.
- Strong analytical and quantitative skills, with proficiency in risk modeling and statistical analysis.
- Excellent communication and presentation skills.
- Relevant professional certifications (e.g., FRM, CFA) will be an added advantage.
Location: Victoria Island, Lagos, Nigeria.
Apply: MARKET RISK SPECIALIST
