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Market Risk Manager

5.00 to 7.00 Years   Saudi Arabia   19 Dec, 2022
Confidential Company
1 Jobs Openings
Job LocationSaudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

Job PurposeTo provide effective oversight of the measurement and management of the market risks those are inherent in the ALJUFs financial statements. To implement market risk analysis and participates in implementing risk management systems and processes to minimize market risk. Typically serves as member of team leadership and is considered a technical professional within the organizationKey Duties and Responsibilities

  • Develop, implement and maintain the Market Risk policy, methodology and procedures to support market risk compliance and quantitative analytics model development.
  • Partner with the business units to identify potential risks, provide advice and counsel, and conduct an appropriate level of risk review. Proactively identify areas of emerging model risks and strategize on risk mitigation efforts.
  • Keep abreast of developments in quantitative risk management and industry best practices in model validation.
  • Develop and execute a model validation schedule according to model ranking criteria.
  • Oversee validations of various models including establishing the model validation scope, assessment of model conceptual soundness, evaluation of data and assumptions, testing model computational accuracy, and performing outcomes analysis and communicating results.
  • Develop the market risk management framework that defines the risk management tools, metrics and practices used for reporting and monitoring, setting independent thresholds and determining an appropriate escalation process.
  • Implement controls to ensure the completeness and accuracy of the risk measurements and positions/exposure reporting.
  • Perform and/or coordinate ad-hoc stress tests as required.
  • Manage the efficient and timely completion of market risk management and analytical projects.
  • Manage and provide leadership to the Quantitative Model Analysts.
  • Produce regular market risk reports which monitor factor sensitivity, VAR and issuer exposures against independent market risk limits.
  • Devise and improve processes to aggregate factor sensitivity (market risk) and issuer risk across various trading platforms.
  • Evaluate redundancies and inefficiencies in daily tasks to continually improve productivity.

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