IDB2382 - Senior Associate - Market Risk (ICD)

Business Unit: ICD - Islamic Corporation for Development
Division: Risk Management Division
Department: Risk Management
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 31-Dec-2019

Senior Associate - Market Risk:

 Role Purpose:

This role is responsible for identifying, measuring, monitoring, and reporting counterparty and market risks in ICD’s liquidity management and funding operations. Conduct a range of activities in the monitoring of market, counterparty and operational risks related to ICD’s liquidity management and funding operations.  Develop and maintain reporting and analytical tools for treasury market and counterparty risk management.  Work within general policies and objectives, working directly with treasury and funding for critical tasks.

Key Responsibilities and Activities of the role:

  • Actively assess and monitor counterparty and market risks in ICD’s liquidity management and funding operations to ensure compliance with Board approved treasury risk management and asset and liability management policies.  
  • Review and formulate risk management policies and ensure that appropriate systems, procedures, limits and guidelines are in effect to implement those policies.
  •  Identify, monitor and report market and counterparty risk exposures arising from treasury liquidity management and funding operations.
  •  Monitor changes of counter-parties’ credit ratings, undertake credit researches and analyses, review requests for new counterparty and limit.
  • Promote the application of best practice risk analytics to measure and monitor risk exposures in treasury liquidity management and funding operations. 
  • Prepare regular management reports on the risk exposures and performance of treasury liquidity management and funding operations
  •  Assess and monitor aggregate risks in ICD’s liquidity portfolios and ensure compliance with various portfolio risk limits, including single counterparty limit, country limit, average risk rating requirement, and duration limit.
  •  Ensure active and continuous risk monitoring of the liquidity management operations and identify and prepare action plans for policy and risk limit breaches.
  • Assist in assessing, monitoring, and reporting ICD’s ALM, liquidity, and capital adequacy positions and compliance with Board approved policies.

Experience:

  • 7 years of experience with leading international or regional banks or multilateral development banks in market risk or treasury role.

Qualifications:

  • Master degree in finance, economics, mathematics, or related fields.
  • Professional Certification in Risk Management will be an advantage.
  • Strong verbal and written communication skills - English is a must
  • Other region-specific language skill requirements to be determined basis geographic orientation

Job Specific Technical Skills:

  • Solid knowledge of financial concepts and quantitative tools of risk and performance measurement, particularly as related to the areas of portfolio and asset management
  • Strong quantitative skills in the area of market and counterparty risk management and derivative
  • Ability to ensure and improve upon the flow of information for management regarding the ongoing risk, compliance and performance of investment and funding operations.