Description:
Under the supervision and guidance of the Director, Risk Management Department, and the Market Risk Unit Head, the Market Risk Associate will have the following responsibilities:
- Ongoing monitoring of the company’s business processes and financial profile to identify any changes that might have an impact on their credit rating and recommending the necessary responses.
- Ongoing liaison with international rating agencies and the main point of contact for all matters related to the company’s external credit ratings
- Collect all required information from different departments of the organization and accurately complete all rating models and provide any other information required by rating agencies.
- Develop and update internal data models linked to the external rating agency models to ensure accurate, faster and efficient rating/review processes.
- Liaise with external consultants involved in the credit rating process.
- Contribute towards internal and external initiatives to improve their own internal credit ratings for beneficiary entities, projects and countries to better measure and manage their credit risk
- Support the mark to market process by ensuring that the MTM sources are updated and reflective of market rates/prices.
- Assist in providing opinions for the risk profile of new products within trading and investment books.
- Conduct scenario analysis to evaluate the potential impacts of various market events on their portfolio, providing insights and recommendations for risk mitigation
- Prepare accurate and timely market risk reports and carry out market analysis and articulate the short-term view about their market risk profile.
- Assist the market risk unit head in preparing the risk reports to the ALCO, Investment Committee, and the Board Risk Committee, highlighting key risk exposures, findings, and recommended actions.
- Ensure compliance with the RMF requirements in terms of liquidity and treasury transactions and internal risk management policies and procedures.
- Stay updated with market trends, industry developments.
- Conduct regular and periodic Value at Risk (VAR) analysis related to the investments portfolio to measure the market risk exposures and to guide the internal operational decision-making.
- Ongoing compliance monitoring and risk reporting of treasury/investments activities, market and counterparty credit risk exposures, and the provision of related treasury risk expertise in support of the overall risk management activities of BADEA.
- Maintain an updated approved lists of counterparties and limits for depository banks, brokers, futures counterparties, etc.
- Review of proposed investment/divestment/reallocation and other decisions/proposals from the Investments department prior to their submission to the Investment Committee.
- Attend to the external auditors requests during their mission to the company as appropriate
- Review of investment managers periodic reports and advising on their overall performance in managing the assets and complying with applicable investment guidelines
- Analyse and advise on complex or recurrent issues
- investments and liquidity portfolios such as the costs and valuation of derivative contracts, calculation, and analysis of Potential Future exposure (PFE), etc.
- Keep abreast of developments on International Financial Reporting Standards (IFRS) and their impacts on reporting in financial statements, especially in relation to complex financial instruments where applicable.
- ALM - Verification and ongoing monitoring of the matching between the financial terms of the banks assets and liabilities to maintain market risk within the banks risk appetite statement
- Working with financial data providers to collect and analyse all market data necessary for portfolios valuation, counterparties credit profile assessments, and other treasury data needs.
- Maintain approved lists of ISDA, ISMA, depository banks, brokers, and futures counterparties.
- Review and maintain up-to-date Treasury Risk Management operational procedures, propose new controls and optimized processes.
- Participate to the negotiation and review of clauses in ISDA/CSA and GMRA agreements to ensure an adequate legal framework for treasury operations.
- Contribute to the implementation of treasury risk measures or activity dashboards needed to be in line with industry standards, best practices, audit, and rating agencies requirements.
- Perform other duties as assigned by the market risk unit head.