Role Objective
The Market Risk Analyst will assist in implementing leading market risk practices for Doha Bank and contribute towards methods to enhance risk measurement and mitigation. The incumbent will assist in hedging market risks resulting from changes in market prices and market parameters such as profit rates, exchange rates, volatilities and share prices. The job holder will assist in ascertaining market variables and will perform regulatory risks assignments in accordance with ICAAP and Basel II requirements and assess the Bank’s rating vis-à-vis other players in the market.
Detailed Roles and Responsibilities:
- Assist in implementing sound market practices for the Bank for measuring, monitoring and controlling market risks, in compliance with industry best practices, approved risk policies and procedures, and respective regulators (viz. Qatar Central Bank as well as other regulators in the overseas jurisdictions).
- Assist in the implementation of the Bank’s Market Risk Policy with exposure limits for capital usage and risk exposure of the Bank and assist in translating the same to individual business lines.
- Consolidate portfolio management data/ other MIS information received from the other market risk sub-functions responsible for Asset Liability Management (ALM) and sensitivity analysis.
- Assist in producing adequate and accurate reports pertaining to market risk and disseminating the same to the concerned business units/ senior management for their consideration/ corrective action.
- Formulate risk profiles, representative of the true risks undertaken by the business and ensure it is consistent with market movements.
- Ensure that all risk approvals meet overall policy guidelines and QCB regulations, specifying the terms and conditions to mitigate the market risks borne/ faced by the Bank.
Qualifications & Experience:
- University graduate with a degree in Business or Banking or Finance or any other related discipline.
- Master’s degree in related discipline will be an added advantage.
- 05-08 years of total experience in financial services/banking industry, entailing responsibilities pertaining to the specific area of discipline.
- Experience in market risk.
Certifications
- Professional certification/ qualification such as PRM or FRM or CFA or ICFA would be desirable
- QFSQF Level 3
Experience in the following areas will be considered an advantage:
- Financial Mathematics/Financial Engineering – Important as often team has to understand complex derivatives, and FRTB and other advanced Market measure risk measures.
- Programming – Python
- Value at Risk, Expected shortfall modelling
- Counterparty credit risk, PFE
- Portfolio management/reporting
- Liquidity Risk Management
- Market Risk Management, IRRBB
- Bloomberg, Treasury System
- ICAAP
- ILAAP
