Website Impeccable HR Consulting
Manager-Market Risk – Job Description
I. POSITION DESCRIPTION
JOB TITLE: Manager-Market Risk
GRADE: CM
DEPARTMENT: Risk
LOCATION: Head Office
SUB-DEPARTMENT: Risk
TYPE OF POSITION: Full-time
REPORTS TO: Chief Risk Officer
REPORTING INTO: Specialist – Market Risk
II. ROLE PURPOSE & OBJECTIVE
– To prepare and submit RBI returns for Liquidity- LCR, SLS, NSFR, IRS etc.
– Ensure tracking and closely monitoring liquidity and balance sheet mismatch risk for the Bank.
– Undertaking Liquidity stress testing and scenario wise analysis.
– Monitoring of Regulatory Ratios.
– Work as a part of ALCO Support Group and extend the attend to RMCB related requirements.
– Handling RBI Audit, Internal Audit and compliance.
III. SIZE OF THE ROLE
FINANCIAL SIZE: NON-FINANCIAL SIZE
CAPEX / OPEX Budgets resting with the role: N/A
Total Buying / Procurement: N/A
Total Revenue: N/A
Portfolio Managed: Rs. 25,000 crores (Banks Balance Sheet)
Number of vendors / consultants: 2 to 3 external consultants
Number of portfolio products: NA
Volume of products and services: Rs. 25,000 crores (Banks Balance Sheet)
Quantity of equipment / stocks / projects / etc.: NA
Credit files received / underwritten: N/A
Volume of new hires onboarded: N/A
Volume of recruitment etc.: 1
IV. KEY DUTIES & RESPONSIBILITIES OF THE ROLE
1. Business/ Financials:
– Preparation of Daily Liquidity related returns to internal and regulatory stakeholders.
– Forecasting Liquidity and funding mismatch.
– Timely submission of all Liquidity related RBI Returns- BLR, SLS, LR.
– Monitor the regulatory reports using different stress levels and provide alternative solutions to refrain from regulatory breaches.
– Recommendations to ALCO members for better management of ALM and LCR related issues.
– Pro-actively identify key Risks and monitor the ability of the Bank to withstand negative shock.
2. Customer:
– Handle the Market Risk team and direct the team towards achieving their goals.
– Work in Co-ordination with Finance, IT, Treasury Front and Back office and other stake holders.
– Attend to Compliance and Audit related Queries and work towards reduction of the observations /gaps identified.
– Drive communication of all risk related policies, guidelines, latest developments across the bank to facilitate compliance to it.
3. Internal Process:
– Ensure timely and accurate delivery of Market Risk reports, interpret the information and suggest actions for consideration by Senior Management.
– Participate in scheduled meetings of ALCO / Risk Management Committee (for Market risk only).
– Proactively work on the monthly or quarterly regulatory reporting on risk related aspects.
– Ensure the committee recommendations are documented and implemented effectively.
– Provide inputs for collating Risk Based Supervision and liquidity related regulatory disclosures.
4. Innovation & Learning:
– Build a capable team who can design and monitor the risk framework.
– Maintain current knowledge of laws and regulations, keeping abreast with the most recent developments in regulations, notifications and circulars and disseminate the information regarding new regulatory developments.
– Develop, coordinate and impart a multifaceted educational and training program that focuses on the elements of risk and related compliance program, and seeks to ensure awareness creation.
– Maintain a knowledge base of strategy failures and implications, provide advice on preventive actions.
– Ensure goal-setting, midyear -review and annual appraisal process happens within specified timelines for self and team.
– Participate in industry level discussions to debate on the regulations or the best practices of market and liquidity risk management.
V. MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS
Educational Qualifications: MBA in Finance or Risk management/ Chartered Accountant.
Experience: At least 5 years of experience in Risk Management from a Nationalized Bank/ Private Sector Bank/Large NBFCs.
Certifications: FRM/PRM certification.
Functional Skills: Understanding of the business, market risk, Liquidity risk, treasury operations, Treasury dealing, operational risk and other risks in the Bank.
– Knowledge of LCR, NSFR, SLS, IRS.
– Knowledge of undertaking various stress testing.
– Knowledge of RBI polices/guidelines relevant to SFBs with respect to Treasury.
– Good understanding of Risk Management principles & thorough understanding of the evolving practices for the management of market risk and regulatory requirements.
– Adapt at influencing policy changes for commercial advantage or basis regulation.
– Strong conceptual thinking ability to design complex mathematical models for explaining and predicting business metrics.
– Ability to apply mathematics to analyses complex data and develop conclusions and recommendations.
– Efficient and effective management of the data, reporting and analytical systems.
Behavioral Skills: Interpersonal communications, Stakeholder management.
To apply for this job please visit www.iimjobs.com.
Applying? Get your resume ready first: build or download your TCI resume.
