Market Risk Analyst at Wema Bank Plc

Specialization(s): Risk Analysis

Job Summary

• The Ideal candidate would oversee computation of market risk regulatory capital using Standardized Approach (Basel II/III) and preparation/coordination Basel III regulatory reports.

Job Description

• Preparation of market risk reports to ALCO, MRC, and BRMC
• Computation of market risk regulatory capital using Standardized Approach (Basel II/III) and preparation/coordination Basel III regulatory reports
• Provide relevant data and participate in the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) of the Bank
• Perform macroeconomic review and formulate economic outlooks for the Bank
• Conduct risk and return analysis on Treasury portfolios and banking book
• Daily review of trading blotters to ensure compliance to internal and regulatory limits/policies
• Preparation of daily Market Risk dashboard
• Liquidity gap, re-pricing gap & net interest income (NII) sensitivity analysis
• Development and validation of internal models for seamless market risk identification, monitoring, management, and reporting.
• Support the implementation and enforcement of market risk policies & procedures in the Bank, while participating in the annual and periodic review of market risk & related policies
• Attend to other tasks as may be assigned by Head, Market Risk or Senior Management.

Minimum Qualifications and Experience

• An excellent academic background (preferably a numerical discipline);
• Minimum of Four (4) years banking experience, part of which must have been spent within a Risk, Market Research, Treasury and Finance function.
• Professional Qualification: Any of FRM, PRM, CFA, ACA, ACCA will be an added advantage (preferably FRM, PRM, or CFA).

Technical Competencies:

• Excellent knowledge of financial markets and products
• Good knowledge and interpretation of financial and balance sheet risks & opportunities
• Proficiency in the use of MS office tools
• Good understanding of economic variables/trends and regulatory/monetary policies
• Market risk management best practices and methodologies
• Understanding of basel II/III accords & practices
• Ability to interpret balance sheet gaps/risks and relate it to various economic perspectives/scenarios with high level of accuracy.

Behavioral Competencies:

• Strong Communications skills(written and oral) with strong business and customer focus
• Excellent numerical and analytical skills
• People management
• Accuracy and attention to detail
• Excellent time management and organisational skills
• Interpersonal skills
• Willingness to learn
• Ability to work under pressure and meet tight deadlines.