Market Risk Officer

Job reference 
376 / 1249
Field of requested position 
Banking - Commercial
Company activity type 
Job location 
Beirut - Lebanon
Age bracket 
Minimum 25
No preference
A minimum of a bachelor's degree in finance or related fields. Professional certifications as per CMA and BDL requirements
Years of experience 
Preferably a minimum of 5 years of relevant professional experience in banking, including at least 3 years in Financial Markets.
English and Arabic
Special skills 

- Interest rate Gap Analysis
- Market risk under Capital adequacy ratio, and fluctuations in interest rates, stock prices, currency exchange rates, and commodity prices
- Following up all corporate trading transactions
- Remain alert to market changes and assess impact as applicable
- Conducting stress testing of Market, liquidity and interest rate risks
- Conducting statistical analyses
- Supporting coordination and implementation of the bank’s market, liquidity and country risk management policies and processes
- Coordinating in the update of the Market Risk Policy & Procedures of the bank
- Monitoring compliance levels against established standards or benchmarks across the bank
- A thorough knowledge of Treasury products, and possess an extensive banking industry knowledge
- Exposure to Treasury Front Office/Back Office and General Ledger reporting systems
- Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks
- Experience with MS office and Treasury trading systems
- Knowledge and experience in regulatory banking risk management guidelines and modern financial risk management practices and ability to initiate and implement tactical changes to support business performance

Tasks and duties 

- Ability to measure all important market risks of the assets, liabilities and off- balance sheet items as well as covering all risks from trading and non- trading items
- Ability to assess derivatives products and highly volatile investments
- Ability to assess all type of interest rate risks, exchange rate risk, Equity and pricing risk
- Ability to measure market risks mainly: Repricing Gap Report, Net Income Simulation, Economic Valuation Model, Regulatory Capital and Stress Test using VAR, Duration etc…
- Provides accurate, reliable and timely information of the positions in the balance sheet or off-balance sheet and information on cash flow or various return rates from financial tools or related agreements
- Provides assumptions and factors used in assessing negative effects that the management of the bank must fully understand the said assumptions, in particular the technique of simulation
- Maintaining a foreign exchange position for the local currency close to Zero on a daily basis. This position should never exceed 1% of equity funds in full compliance with regulatory requirements
- Follows up currency positions for each of all other currencies at an absolute minimum and coordinates with Treasury department related to speculation transactions if allowed
- Monitors the Profit & Loss transactions resulting in the creation of a position in any currency
- Follows up the daily currency position to ensure compliance
- Ensures that any position to be created in a foreign currency is to be approved by the ALCO committee. This should not exceed the regulatory ceiling and the time frame for the position should be well identified
- Follows up the structural position in the Lebanese currency only to protect part of its capital, as per regulatory requirements
- Controls the Dealer who is assigned specific limits for FX daily trading beyond which it is referred to the Management or Alco
- Controls authorized currencies and limits on FX spot and Forward transactions with counterparts that are recommended by Treasury, and approved by ALCO
- Establishes strategies and risk tolerance levels
- Monitors performance and overall Market Risk of the bank to ensure that it is manageable and have a sufficient supporting capital
- Ensures that the bank develops basic guidelines in specifying, measuring, monitoring and reporting market risks
- Conducts the Market Risk and mid office function in accordance to BDL and CMA guidelines
- Market risk reporting as per Basel II, Basel III and proficiency in MS Excel and special program related to market risks
- Daily management of liquidity in coordination with the Treasurer
- Bi-weekly monitoring of liquidity by Treasury and ALCO
- Monitors and controls over the matching of the maturity structures of assets and liabilities
- Ensures if regulatory all liquidity ratios are maintained at appropriate levels (loans/deposits, required legal reserves, liquidity, LCR, NSFR etc…)
- Studies the trend of different deposits at the bank
- Measures the Key Liquidity Indicators: To study the different liquidity indicators based on the bank balance sheet growth

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