Senior Market Risk Analyst

Job description / Role

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose

Support and work closely with the Head of Market Risk Management to develop and implement risk management policies, processes and procedures to identify/suggest measures for monitoring market, liquidity and credit risks in all Treasury functions.

Principle Accountabilities

- Market Risk analyst with focus on treasury risk, counterparty credit risk and the Bank's overall interest rate and liquidity risk.
- Have a deep understanding of treasury business, global capital market and advanced market risk knowledge in order to provide high quality risk analysis
- Work closely with treasury front office, back office and Treasury finance team to ensure high quality reporting to internal and external stakeholders.
- Ensure treasury limits are in place and perform daily Treasury P&L against stop loss limits.
- Overseeing Treasury and Investment activities: Monitor and report all market risks exposures (e.g. Liquidity, Interest Rates, FX, Equity, bonds, etc.) against approved limits.
- Investment LTV portfolio: Monitor and report the leveraged investment portfolio and advice Investment team on margin call/closeout.
- Counterparty Credit Risk: PFE computation and ensure all credit risks in Treasury activities are monitored against approved limits
- Collateral management: Responsible for margin calls issuance and responding to margin calls; dispute resolution through portfolio reconciliation.
- Liquidity and Interest rate risk on the Banking Book: Perform regular liquidity stress tests and IRRBB analysis.
- Board Risk Committee reporting: Submission of Market and Liquidity risk reports to Head of Market Risk for Board Risk Committee Pack
- New Market/Product projects: Assist Head of Market Risk in setting up risk systems. Assist in review of new products and business initiatives from a market risk perspective.
- Policy drafting and implementation: Assist in drafting, reviewing and implementing policies and procedures for market risk and liquidity management.
- Enhancement in documentation and procedures: Improve documentation and procedures, wherever required by Head of Market Risk.
- Project Manager's Role: Assist Head of Market Risk as Project Manager in any projects related to the enhancement of Treasury or Market Risk systems.

Requirements

Requirements
Experience and Qualifications

- 7+ years banking experience of which at least 5 years in a position in Market and Liquidity Risk Management in a reputed financial institution with comprehensive knowledge of liquidity risk, market risk policies and regulatory framework(Basel III, CBUAE)
- Understanding of Basel Accord and the treatment of Market and Liquidity Risk and counterparty credit risk there under.
- Strong knowledge of VaR implementation- instruments, curves, market data, market conventions, etc.
- Strong understanding of Treasury and Structured products.
- Practical experience using different information systems (Bloomberg, Reuters).

Skills

- Strong investigative and interpretive skills. Highly numerate with excellent research ability.
- Problem solving ability.
- Analytical skills.
- Strong PC skills, particularly Excel (VBA).
- Persuasive communication / presentation skills.
- Ability to explain complex issues and technical information clearly.

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.