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Manager Market Risk At Stanbic IBTC

Date Posted: 09/Jun/2014
Deadline: 20/Jun/2014
  • Specialization Admin / Finance
  • Industry
  • Experience 0 year(s)
  • Location Nigeria

• To effectively monitor and report market risk and other related risks of the bank on a daily basis
• To ensure that the Senior Management and the Traders of the bank are fully aware of the market risks within the trading books
• To advice and educate on possible outcomes and resolutions of the bank’s risk
• Enforce and ensure compliance with market risk policies and procedures
• Identification of new risk exposures and factors
• Effective and comprehensive price validation of all risk drivers

Key Responsibilities
• Enforce and ensure compliance with market risk policies and procedures as it relates to FX, MM, FI and FI
• Identify all the products in the books of the bank, ensure they have been signed off by the NPC and mandates exist for their use.
• Ensuring that only authorized products and risk factors are traded by desks
• Track the P/L from all products in the Banking & Trading Book. This entails daily review of Risk and P&L reports & determines P&L attribution per product
• Quantification of Market Risk for Trading book, Banking book for Equity, Interest rate products and for FX products
• Supervise production of daily, weekly and periodical MR reports to various committees of the firm (ALCO, BRMC etc)
• To ensure that relevant meaningful and insightful commentary is included in all reports (daily, weekly, monthly e.t.c) that clearly and succinctly gives the reader an understanding of the salient risk exposures and sources of P& L on the desk, country, region, FX business and demonstrates the preparers understanding thereof.
• Supervise Effective and comprehensive price validation of liquid risk drivers (daily) and all risk drivers (at least monthly).
• Management of all breaches from identification through to closure thereof (position reduction, condonement etc.). This includes recommendations of corrective actions to traders before close of business. This involves daily monitoring of exposures, limits for all the books i.e. banking, trading & Equity.
• Monitoring of back testing exceptions.
• Quantification of Normal VaR, Stress VaR and PV01 computation & analysis.
• Automating all risk reports to shorten the time for producing the reports and increase integrity.
• Building and strengthening relationships and ensuring interaction with Front office, Back office, Finance, and Calypso IT Team
• Providing leadership, for subordinate(s) in terms of an efficient working environment, training and doing more with our current resources.

Method of Application

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