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Counterparty Credit Risk Analyst

8.00 to 11.00 Years   Saudi Arabia   14 Jul, 2023
Halian
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryIT / Computers - Software
Functional AreaNot Mentioned

Job Description

Our ClientA leading bank in Saudi Arabia is looking for an experienced Counterparty Credit Risk Specialist to lead their modelling functionsYour Responsibilities

  • Review of current counterparty credit risk measurement tools and methodologies and improve/optimize procedures by communicating with all stakeholders
  • Implementation and automation of monitoring tools
  • Documentation of methodologies
  • Review of Banks existing IT systems and guide decisions on tools /systems (including selection of new systems, if required) for routine computation of risk measures on capital market products
  • Coordinating with the Banks ITD for implementation of newly selected systems, if any. Coordinate with ITD and representatives of user departments (Business Lines and RMG) and guide appropriate user testing effort before implementation of new tools/systems
  • Perform periodic updates of the risk factors in agreement with key stakeholders involved (e.g. IT, BL, Treasury etc.)
  • Provide independent risk review/approval of all structured product transactions at pre-deal level
  • Manage and track stock of the SP portfolio and ensure all issues are logged and considered for reviewing SP proposals
  • Manage and track all limits data pertaining to SP customers as per the approved transactions by liaising with key stakeholders such as CRD, CAD and PRD
  • Developing suite of reports for counterparty exposures tracking and management
  • Assist PRD with monitoring and tracking overstepping
  • Take part in bank wide projects related to regulatory requirements and assist in implementing all changes
  • Assist CRD with estimating/reviewing limits for proposed treasury business requested by the BLs
  • Lead suitable training initiatives to disseminate risk policies and methodology for user groups in the Bank
  • Growth of department and hiring of adequate personnel
Your Qualifications
  • Master/PHD with Financial and Mathematical specialty (background in quantitative methods)
  • Excellent software development skills using Python, C/C++, VBA, etc.
  • At least 8 years of Counterparty Risk experience in dealing with capital market products
  • Ability to generate risk profiles via Monte Carlo Simulations
Halian GroupWith over 20 years of experience, we have come to understand that innovation is the only way to provide agile, practical solutions that transform businesses and careers.Our resourcing and smart services help you to realize tomorrows potential. Discover the amazing things possible when you bring the right people and the right technologies together.

Keyskills :
Counterparty Credit Risk Analyst

About Company

Award-Winning Tech Talent Company. We help businesses make progress, build efficiency and discover new possibilities. Our goal is to support talented individuals to explore, innovate and unleash their potential.Our success has spanned over 20 years. In that time, we’ve come to understand that innovation is the only way to provide agile, practical solutions that transform businesses and careers that fulfil potential, faster.Halians smart services, tech talent and search capability, help you to realise tomorrow’s potential. To discover the amazing things that are possible when you bring the right people and the right technology together.

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