Manager – Market Risk at Prime Bank Kenya

Job Description (adsbygoogle = window.adsbygoogle || []).push({}); Prime Bank Ltd is one of the leading private banks in Kenya and was founded in . Serving its customers for over 30 years, with a network of 23 branches, Prime Bank has the expertise to deliver flexible, efficient and personalized services.JOB DETAILSThe main purpose of this job is to provide technical and operational support in identifying, monitoring and reporting liquidity and market risks in the Bank and make appropriate risk mitigation recommendations in accordance with the Bank’s policies, procedures and guidelines.KEY RESPONSIBILITIES Conducting intra-day rate scans and flagging exceptions based on pre-defined variances to the appropriate authoritiesLiaison with Front office for market analysis and determining reasons for breachesPreparation and periodic review of market risk related policies and formulation of methodologies for valuation of the investment portfoliosMonitoring of mark to market (MTM) process by ensuring that the MTM sources are updated and reflective of market rates/pricesIndependent monitoring and oversight of the stop loss limits, VAR limits, counter party limits, country risk limits, rate tolerance limits and trader limitsSetting up Client and Counterparty limits and preparation of limit utilization reports and submission to appropriate authoritiesBuilding scenarios and carry out stress testing and sensitivity analyses on the trading portfolio of the bankBuilding scenarios and performing stress testing for liquidity and interest rate risk of the BankPreparing the relevant regulatory, compliance reports and internal ManagementInformation Reports, including the required disclosures, in coordination with the Finance department.Preparation of product notes, business review notes on a periodic basisCo-ordinating with the internal and external auditors, as well as CBK Bank Supervision where needed and submission of replies and compliance reports in coordination with Finance and Risk Management DepartmentPreparation and periodic review of Asset and liability management policies and the Bank’s liquidity risk frameworkProviding risk exposure reports to ALCOPerforming liquidity risk measurement through cash flow reports and balance sheet ratiosSetting up and monitoring internal limits and regulatory limits and reporting breaches if any. REQUIREMENTSRELATED JOB EXPERIENCE/QUALIFICATIONS Bachelor’s Degree in Economics, Accounting, Finance, or Banking from a reputable University.Professional certification in Risk Management; Financial Risk Management (FRM), RCP Level 3, Chartered Risk Analyst (CRA) or Governance Risk and Compliance Management (GRCM) is an added advantage.At least five years’ relevant work experience. ADDITIONAL SKILLS Knowledge of various types of liquidity and market risks.Good understanding of bank risks and relevant emerging issues in risk management.Knowledge of policies, regulations and directives related to Financial Sectors.Risk management skills including risk assessment, evaluation, quantification, mitigation and reporting skills.Interpersonal skills, including ability to build collaborative relationships with sensitivity to diversity/inclusion.