Sigma Qualitas Limited Is Recruiting

Job Purpose
The Risk Analytics team provides tools, analysis and support for the business divisions within a manufacturing Group;to identify and measure risk, optimize risk prevention and mitigate losses. The candidate will be responsible for a team whose sole responsibility is the development of all methodological aspects of risk management.

Duties & Responsibilities

•     Development of methodologies for rating & scoring including decision analytics, portfolio modeling for all risk types across the group( VaR and economic capital – REGULATORY CAPITAL IS NOT CURRENTLY APPLICABLE)
•     Development of exposure methodologies and the calibration & validation of the respective risk parameters
•     Development and management of applications and tools for capital planning, stress testing, Raroc, portfolio optimization etc.)
•     Development of new scoring methodologies and extended use of sophisticated statistical methods for credit risk ;Data analysis on defaulted customers and modeling of recoveries
•     Analytical support of portfolio management units in the risk assessment of sub-portfolios
•     Development and validation of expert rating models (rating sheets)
•     Capital planning: extension and maintenance of planning tools; support of the annual group-wide capital planning process
•     Risk adjusted return on capital (RaRoC) calculations: extension and maintenance of the RaRoC pricing/performance Tools RPT and Client RaRoC; regular RaRoC calculations
•     Portfolio management tools: establishment of a risk appetite grid and a portfolio optimization framework

Stress Testing:

•     Definition of integrated scenarios for financial (market and liquidity), credit, operational, business risk and develop the different approaches into one unified framework
•     Identification of risk drivers and their stress impact
•     Analysis of stress test results and communication with relevant stakeholders i.e. Business Units, Risk Management units, Finance (Treasury and Capital Management)
•     Establishment of a reporting engine that allows ready and efficient result dissemination

Key Performance Indicators

•     Identify and Quantity operational risks across the group
•     Developed Weighted Average Risk Rating and begin to measure
•     Implement Risk Reporting on Operational Risks across the group
•     Fully developed CSRA program group-wide
•     Working KRI program group-wide
•     Timeliness in meeting deadlines and schedules

Job Requirements
Education

•     Minimum Education: Master’s degree or higher in a strongly technical degree (e.g. Mathematics, Statistics, Physics, Computer Science, engineering).

Experience

•     Minimum experience – 10 years working experience with a minimum of 5 years experience in financial mathematics, ideally in the field of statistics, probability or structured finance
•     Experience working in an R&D or entrepreneurial environment, particularly on a development team

Key Competency Requirements
Knowledge

•     Proficiency in MS Office suite (Excel, Word, PowerPoint, Access)
•     At least one programming language: C, C++, Matlab, Java, Mathematica, SAS, VBA
•     Strong understanding of Risk Management principles

Skill/Competencies

•     Ability to thrive in uncertain environment
•     Experience with analysis of raw data, ability to discern patterns and determine optimal areas of inquiry based on analysis of raw data
•     professional Excel plus experiences with relevant software packages, ideally SAS, VBA, C++, SQL, MS Access
•     Excellent written and Communication skills (written and oral)
•     strong analytical skills & proven ability to solve problems independently
•     Attention to detail

go to method of application »

Job Description:
Responsible for the management of Operational Risks across the group: loss arising from failed or inadequate internal processes, systems, people and external events with the sole objective to reduce operational risk to bearest minimum within the group’s risk profile and in alignment with the corporate strategy.

Duties & Responsibilities

•     Establish the group's company operational risk framework and provide independent oversight
•     ensuring compliance with the requirements of the framework, related Policy(s) and guidance
•     documents.
•     Define Operational Risk Appetite explicitly or implicitly to communicate what level of risk is
•     acceptable to each business line
•     Define operational limit and appetite for the group (policy development)
•     Develop standard methodologies to conduct risk assessments across the group; mitigate identified
•     control weaknesses through the creation of appropriate action plans
•     Develop appropriate Key Risk and Control Indicators for Business Units; subsequently monitor and reporting of KRIs to proactively identify exposures or control weaknesses
•     Promote awareness of operational risk issues group wide
•     Ensure identification, aggregation and monitoring of operational loss events
•     Ensure the effective implementation of group’s operational risk management framework

Key Performance Indicators

•     Identify and Quantity operational risks across the group
•     Developed Weighted Average Risk Rating and begin to measure
•     Implement Risk Reporting on Operational Risks across the group
•     Fully developed CSRA program group-wide
•     Working KRI program group-wide
•     Timeliness in meeting deadlines and schedules

Job Requirements
Education

•     Minimum Education: First Degree preferably in a Finance or an engineering/numerate related discipline; higher degrees /MBA/professional certifications compulsory

Key Competency Requirements
Knowledge

•     Deep Knowledge of creating and executing policies and procedures.
•     Up to date Risk management practices and industry knowledge
•     Process analysis: Core Business Processes

Skill/Competencies

•     Interpersonal skills
•     Strong ability to develop relationships with
•     peers in business unit and central Risk
•     Governance teams
•     IT and Computer appreciation
•     Excellent written and Communication skills
•     (written and oral)
•     Must be self solution driven, proactive and have acceptable knowledge of the business environment
•     Attention to detail
•     Reasoning and Analytical Skills
•     Supervisory skills

Reporting Relationships

•     Functionally reports
•     Group Chief Risk Officer
•     Administratively reports to Same as above
•     Supervises: A total of 1 staff comprising;
•     Analyst Operational Risk management