Operational and Market Risk Management Analyst at Dangote

Description

Welcome to an exciting opportunity to join the Dangote Industries Limited as an Operational and Market Risk Management Analyst!

As an Analyst collaborating with the Group Head of Operational Risk Management, your role will involve the identification and handling of operational and market risks throughout the organization. You will play a vital role in developing risk management strategies, analyzing risk exposures, and implementing risk mitigation measures.

Responsibilities:

1. Ensure timely completion and submission of Risk & Control Self Assessments (RCSAs) and Key Risk Indicators (KRIs).
2. Conduct root cause analyses on identified risk events and recommend controls to prevent their recurrence or minimize their impact on critical business processes.
3. Maintain close monitoring of the Business Unit's risk exposure to ensure operational efficiency, projected sales, and timely resolution of limiting factors.
4. Attend Management Committee meetings to present and discuss key risks requiring immediate attention or Senior Management awareness, as assigned.
5. Monitor and analyze relevant market variables and current economic trends to evaluate their potential impact on the Group's position.
6. Calculate the Group's net open position in foreign exchange (FX).
7. Estimate potential FX losses using Value-at-Risk (VaR) calculations.
8. Perform sensitivity analysis of the Bond portfolio to defined changes in interest rates using Duration/Convexity.
9. Assess liquidity risk using Gap analysis and Liquidity ratios.
10. Monitor strategic risks related to corporate governance, strategy formulation and implementation, pricing pressure and competition, mergers and acquisitions, sales and marketing, and systemic risks stemming from macroeconomic trends that could affect the business.
11. Customize ERM Policies and SOPs to align with business dynamics and regulatory requirements.

Qualifications and Skills:

1. Holder of a first degree in Business, Economics, Finance, or a related field
2. Relevant professional certification in risk management (e.g., CFA, FRM, CRM) is preferred
3. Minimum of 5 years of relevant experience in operational and market risk management
4. Strong understanding of risk management principles and methodologies
5. Knowledge of regulatory requirements related to operational and market risks
6. Excellent analytical and problem-solving skills
7. Strong communication and interpersonal skills
8. Ability to work effectively in a cross-functional team
9. Proficiency in risk management software and tools