1). Market Risk Officer – ENG RMD 998
Job Identification: 393
Location: Nigeria
Job Schedule: Full time
Job Description
- Monitor, report and ensure compliance to existing and revised market risk management policies and procedures of the Bank by Business Units.
- Performing appropriate Stress testing and Scenario analysis on the Balance sheet to determine the effect of unusual large movements in market risk factors.
- Measurement of Net Interest Income (NII) sensitivity based on structure of the Bank’s Repricing Gap.
- Preparation of accurate market risk reports for ALCO, Line Management, Group Market risk Manager while providing practical recommendations for a better management and improvement of balance sheet risks management.
- Provide a first line review of all limit requests, liquidity funding and contingency plans, and stress testing procedures.
- Analyze macro-economic trends. Define short, medium- and long-term economic perspectives (market risk factors) and simulate its downside risk on the Bank’s on and off-balance sheet positions.
- Conducting Factor Sensitivities (PV01) and Duration analysis on Trading portfolio.
- Ensure that all market risks are adequately addressed via limits/triggers to prevent unauthorized exposures and determine additional limits/triggers beyond/below minimum requirements where necessary.
- Work with Trading and Investment desks to support new business initiatives in line with the Board’s risk appetite and the Bank’s risk management policies.
- Implementing best practice mark to market models such as interpolation and extrapolation models amongst others.
- Attend to other tasks as may be assigned by Head, Market Risk; Group Market Risk Management and/or Country/Cluster Risk Manager
Technical/Industry Specific:
- Excellent knowledge of financial markets and products
- Good knowledge and interpretation of financial risks
- Proficiency in the use of MS office tools
- Understands Market Risk Management best practices and methodologies
- Understands economic variables/trends and regulatory/monetary policies
- Excellent knowledge of the balance sheet
Educational Qualification and Experience
- An excellent academic background.
- Minimum of seven (7) years banking experience, part of which must have been spent within a Treasury
Personal Attributes:
- Excellent numeric and analytical skill
- Attention to details
- Risk conscious and sensitive
- Ability to work under pressure and meet tight deadlines with high level of accuracy
- Highly organized
- Self starter
- Excellent interpersonal, team-working and communication skills
- Decisiveness
Application Closing Date
15th September, 2023; 19:00
2). Credit Portfolio Management & Reporting Officer
Job Identification: 392
Location: Nigeria
Job Schedule: Full time
Job Description
The ideal candidate must be able to perform the underlisted functions:
- Daily spooling of the credit portfolio and reconciliation/proofing of the list with the risk asset GLs.
- Periodic appraisal of the Bank’s credit portfolio to ascertain the quality of the portfolio using both NGAAP and IFRS approaches.
- Periodic appraisal of the adequacy of the Bank’s loan loss provision (IFRS)
- Periodic computation of Impairment using the Bank’s IFRS 9 models
- Preparation of periodic and adhoc impairment and performance reports to relevant stake holders
- Weekly preparation of the portfolio concentration reports
- Preparation and analyses of the Monthly Credit Report (Power Point)
- Preparation and analyses of the Monthly Business segment Credit reports (Power Point)
- Preparation of weekly, monthly, quarterly, bi-annual, annual, and ad-hoc Group reports within stipulated deadlines in line prescribed formats and stipulated deadlines
- Preparation and analyses of periodic Board reports
- Active involvement in the periodic stress testing process
- Active involvement in periodic ICAAP and RRP process
- Active involvement in the preparation of the Credit Portfolio plan and Target Market documentation.
- Actively involved in the End to End IFRS Impairment process and maintenance of the IFRS 9 models
- Periodic review of the portfolio with the view to identifying accounts eligible from write-offs/transfer to memorandum.
- Other portfolio monitoring and review related duties and as assigned by the Supervisor.
- Management of the Intervention funds process and reporting (i.e. CBN, BOI, etc.)
- Preparation and submission of the Monthly Regulatory CAR reports.
- Active collaboration with Finance to resolve all unreconciled issues concerning the reports sent.
- Collation of documents and information required by regulators and auditors during examinations and audits.
- CRMS reference number generation for new credits, monthly submission, and update
- Monthly Credit bureau data extraction and submission.
- Preparation and triggering accounts for Global Standing Instruction (GSI) quarterly.
- Private Credit Bureau checks for new credits.
Work Experience
- 2 – 5 years banking experience
- Good knowledge of credit risk management and loan administration.
- Has good understanding of the Bank’s credit culture.
- Excel spreadsheet, SQL
- Applications & other support applications
- Good knowledge of Core banking application
- Good Knowledge of Banking and Financial environment
- Knowledge of CBN Regulations, BASEL and IFRS 9 requirements.
Deadline: 15th September, 2023 (07:59 PM).
How to Apply: Interested and qualified candidates should use the links below to apply:
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Banking and Finance Jobs
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Important Notes
- The above statements are intended to describe the general nature and level of work to be performed by those assigned to this function.
- It should not be construed as an exhaustive list of all responsibilities, tasks and skills required of persons so classified.
- All employees may be required to undertake other responsibilities in addition to those specified from time to time, as required.
- We do not charge any application, processing, training, interview, testing or any other fees in connection with the application or recruitment process. If you receive a fee request, please ignore it.
- Also, please note that logos, slogans, names and titles are easily copied and reproduced. Therefore, particular care should be taken when submitting personal information on the web.
- We are an equal opportunity employer that values inclusiveness and diversity. We do not discriminate on the basis of color, race, nationality, religion, age, ethnic origin, disability, gender, marital status or orientation gender in our employment practices
- Our employees are all equally talented in unique ways: we come from diverse traditions, personal experiences and perspectives. And we want to include your ideas, are you ready to inspire us with your ideas?
- We encourage all applicants to apply and do not discriminate in any recruitment process.
- Applications submitted after the deadline will not be considered.
- Due to the necessity of the position, we are entitled to appoint a candidate who matches the required profile before the above deadline
- Only qualified candidates will be invited for an interview
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