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
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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).

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How to Apply: Interested and qualified candidates should use the links below to apply:

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