Market Risk Analyst at United Bank for Africa (UBA)

Location: Marina, Lagos (Head Office)
Job Type: Permanent

Job Objective(s)

• Measurement, monitoring and controlling of the market risks to which the Group is exposed.
• Implement consistent Market Risk Management policies and procedures across the Group.
• Minimize Position and Trading Losses
• Achieve high levels of Customer Satisfaction.

Responsibilities

• Scan financial markets for relevant data to positions held by the bank, both financial and regulatory.
• Collect internal data for the head office and subsidiaries through the Bank’s operating systems.
• Data collection from various market intelligence reports that impact the Bank’s position.
• Collect bank data to identify the Bank’s market positions.
• Collect market data with reference to the various positions in order to be able to make comparisons.
• Prepare daily reports which show the position of the Bank, highlighting areas of concern and areas requiring improvement.
• Monitor set limits for compliance for the bank.
• Circulate reports to concerned parties and escalation of issues where the need arises.
• Prepare other Market Risk Reports.
• Prepare revaluation report for both the Held for Trading and Available for Sale portfolio of the Bank.
• Prepare Value-at-Risk Reports for the bank.
• Prepare Sensitivity Analysis for Fixed Income and Foreign Exchange portfolios – bank.
• Monitor deals consummated by treasury.
• Prepare Derivatives Valuation Report for the bank.
• Provide support in the preparation of GALCO Reports – bank.
• Provide support in the preparation of Group Risk Management Report – bank.
• Provide support in the preparation of Market Risk Snapshots for the Chairman – bank.
• Provide support in the Preparation of Board Reports – bank.

Qualifications

• A Bachelor’s Degree in any field.
• Minimum of 5 years of relevant experience.

Knowledge & Skill Required:

• Basic accounting
• Understand banking operations
• Good grasp of balance sheet mapping
• Above-average database management abilities
• Highly numerate

Job Profile:

• Our ideal candidate must have knowledge of accounting, and banking operations functions and be highly numerate.
• Must be analytical with good oral and written communication, and have good database management skills.

What We Expect From You:

• High degree of professional ethics, integrity and responsibility.
• Highly organised, proactive, ability to work independently and take ownership of tasks assigned.
• Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.
• High sense of confidentiality and discreteness.

What You Should Expect From Us:

• Our corporate culture is defined by our core values. We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.
• Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.
• Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.