ALM Risk Senior Analyst Bachelor Degree Job

Job Description

The Governance Framework for the Management of ALM Risk (i.e., Liquidity Risk, Currency Risk, and Banking Book Interest Rate Risk) provides the governance principles aimed at creating a robust process to assess, measure, monitor, and report these risks. RMB Nigeria's ("RMBN's") Group Treasury is the extension of FirstRand Bank's Group Treasury and is responsible for the implementation of the Framework in Nigeria. RMBN's Treasury team is also responsible for the management of the bank's capital to ensure its adequacy under business-as-usual and stress conditions, capital management risk is therefore a key component of this role.

Responsibilities:

Frameworks, policies, and mandates for the management of Treasury Risks:


Responsible for the establishment and maintenance of frameworks, policies and committee (i.e., ALCCO) mandates.
Ensure full compliance with Group standards and regulatory requirements associated with funding and capital (LAR,
CRR, LCR, NSFR, CAR.)
Propose risk limits, ensuring that portfolio mandates are in place across and in line with risk appetite.
Research best practices and make recommendations on the implementation of new developments and improvements in risk.
management processes.


Governance & compliance:


Monitor risks and ensure that the exposure and utilization is in line with the risk limits.
Ensure that mandate and limit breaches and non-compliance thereof are escalated to appropriate forums.
Ensure implementation of Basel III requirements across all portfolios.
Ensure adequate governance processes are in place (frameworks and regulations).
Ensure coordination of Internal and External Audit engagement.


Risk analytics and measurement:


Ensure that an appropriate control framework is in place to ensure the accuracy and completeness of Treasury risk metrics
Develop new and optimise existing strategies for the management of risks
Perform an assessment and forecast the key reporting metrics and provide commentary that can be used to explain implications of the outputs and attribute movements.
Continuously assess appropriateness of metrics and measurement methodologies.
Drive and implement the annual Internal Capital Adequacy Assessment Process 'ICAAP' (including the completions of all applicable reference documents) and Recovery Planning Process (RRP).
Guide and implement a repeatable, dynamic stress and forecasting process in line with Group's guidelines, regulatory requirements and best practice.
Drive and implement the quarterly Internal Liquidity Adequacy Assessment Process 'ILAAP' (including the completions of all applicable reference documents).
Review the stress testing of assumptions & BAU back testing results for each Treasury Risk.
Perform impact assessments on proposed changes to regulations impacting on stress test outcome.
Provide recommendations to the executive management on dividend payout and optimization of the RWAs for business units based on the ICAAP outcome.
Analyze and monitor the currency risk on the balance sheet (banking book) to ensure the bank is immunized from adverse shocks.
Manage and ensure compliance with the regulatory limits on Net Open Position.


Reporting & communication:


Co-ordination and production of the ALCCO pack sections and presentations relating to Treasury risks as well as facilitating and standardizing the reporting into appropriate forums and frequency for both in-country and Group
Coordination and submission of Key Management Process reports relating to Treasury risks in the banking book to the Board's Risk & Compliance Committee
Action ad hoc reporting and queries relating to Treasury risks reporting
Communicate results of risk analytics and measurement to the Treasurer

Co-ordination and production of the periodic ICAAP and ILAAP report



Strategic relationships

Responsible for the development and maintenance of strategic relationships with:


Other Risk Type Owners
Finance, Regulatory Reporting and Compliance
Management committees (ALCCO, FRM)
Regulator
Group and in-country Research teams
Group ALM Risk Management
Group Capital management
Group Exchange Control
Develop and maintain relationships with Group peers to keep up to date with latest developments across
FirstRand w.r.t risk frameworks, disclosure requirements etc.
Industry liaison


Experience and Qualifications:


At least 5 - 7 years of work experience within an Asset/Liability Management or Risk Management function.
A degree in accounting/finance/maths/statistics or a related field with a strong quantitative bias.
CFA or FRM qualification would be an advantage.
Thorough understanding of banking products and financial instruments.
Thorough understanding of ALM management and an understanding of ALM and Capital specific regulations (e.g. Basel reporting standards)
Knowledge of risk measures and practices (e.g., PV01, VaR, EaR (NII sensitivity)
Thorough understanding of governance and control frameworks
Capable of analyzing complex concepts and translating these into simple and concise narratives for management



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Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing so... read morelutions.
We structure the most appropriate financing solutions to meet the needs of our clients, whether for project finance, on-balance sheet lending or a combination thereof. Our ability to think differently and our collaborative spirit is what sets us apart and enables us to deliver on our brand promise: Traditional values. Innovative ideas.
We are a proud African corporate and investment bank with an extensive deal footprint across more than 35 African countries. RMB has funded several infrastructure and resource finance projects, mergers and acquisitions, and infrastructure developments in many African countries over the past decade.