Principal - Financial Risk Management

Bachelor of Business Administration(Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Role Purpose

This role is responsible for supporting the identification, measurement, monitoring, and reporting of market risks arising from the institution's investment, lending, and treasury operations. This includes analyzing market exposures such as interest rate, foreign exchange, and commodity risks and contribute to the development of risk models and stress testing frameworks.

Key Functional Accountabilities & Activities

1. Actively assess and monitor counterparty and market risks in ICD’s liquidity management and funding operations to ensure compliance with Board approved treasury risk management and asset and liability management policies.
2. Review and formulate risk management policies and ensure that appropriate systems, procedures, limits and guidelines are in effect to implement those policies.
3. Identify, monitor and report market and counterparty risk exposures arising from treasury liquidity management and funding operations.
4. Monitor changes of counterparties credit ratings, undertake credit researches and analyses, review requests for new counterparty and limit.
5. Promote the application of best practice risk analytics to measure and monitor risk exposures in treasury liquidity management and funding operations.
6. Prepare regular management reports on the risk exposures and performance of treasury liquidity management and funding operations.
7. Assess and monitor aggregate risks in ICD’s liquidity portfolios and ensure compliance with various portfolio risk limits, including single counterparty limit, country limit, average risk rating requirement, and duration limit.
8. Ensure active and continuous risk monitoring of the liquidity management operations and identify and prepare action plans for policy and risk limit breaches.
9. Assist in assessing, monitoring, and reporting ICD’s ALM, liquidity, and capital adequacy positions and compliance with Board approved policies.
10. Support the development and implementation of risk models, including stress testing, and scenario analysis relevant to the ICD’s balance sheet structure.
11. Perform sensitivity analysis and back-testing to validate model assumptions and performance.
12. Contribute to periodic risk reviews and portfolio risk assessments to support investment and funding decisions.

Compliance

1. Implementation of and compliance with risk policies and procedures.
2. Comprehensiveness and timely submission of relevant reports to senior management.
3. Monitor key market risk indicators and escalate potential risk issues to senior team members.
4. Monitor compliance with risk limits, policies, and procedures and flag potential breaches for escalation.
5. Timely resolution of risk queries by departments/ divisions.
6. Contribute effectively in efforts to promote risk management culture at the ICD level.
7. Share knowledge and disseminate information related to financial risk concepts and encourage the adoption of best business practices in risk management.
8. Share latest updates and innovations in the field of risk management tools, solutions, and software with ICD departments.
9. Coordinate with the Information Technology function and Business Departments for the implementation of systems required for independent risk assessment by the Risk Management Department.

Qualifications/Professional Experience

1. At least 3 year(s) of experience in financial/market risk management related position(s) in a reputable bank/ financial institutions is required. Exposure with an international financial institution or a multilateral development bank will be considered as an advantage.
2. Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Statistics, Risk Management or similar discipline.
3. Master’s degree in Accounting, Finance, Business Administration, Economics, Statistics, Risk Management or similar discipline or a Professional certificate in Financial Accounting, CFA/FRM or any relevant professional certification is required.
4. Solid understanding of financial markets, especially fixed income and foreign exchange instruments.
5. Working experience on market risk assessment, Asset Liability Management, Profit Rate Risk Management and treasury investments products.
6. Familiarity with financial risk management frameworks (e.g., Basel guidelines, IFRS standards).
7. Strong quantitative and analytical skills with basic understanding of financial markets, instruments (equities, fixed income, derivatives), and risk concepts. In addition, knowledge of MS Excel with strong financial analysis and modelling skills is a must.

Core Behavioral and Technical Competencies

Core Behavioral:

1. Innovation and Initiatives
2. Change Management
3. Developing People Capability
4. Partnership Management
5. Strategic Thinking

Technical:

1. Market Risk Measurement
2. Asset-Liability Management (ALM) Concepts
3. Quantitative and Analytical Skills
4. Technology and Programming Tools (Excel / Power BI / Treasury System)
5. Understanding of Regulatory and Risk Frameworks (Basel / IFSB / IFRS)
6. Data Management and Integrity

Language Skills

Capable of communicating in the working languages (Arabic, English and French) of which English is a must.