Vacancy title:
Market Risk Analytics, Policy, and Research

[Type: FULL_TIME, Industry: Financial Services, Category: Computer & IT]

Jobs at:
United Bank for Africa (UBA) Kenya

Deadline of this Job:
Thursday, May 29 2025

Duty Station:
Nairobi | Nairobi | Kenya

Summary
Date Posted: Thursday, May 15 2025, Base Salary: Not Disclosed

Similar Jobs in Kenya
Learn more about United Bank for Africa (UBA) Kenya
United Bank for Africa (UBA) Kenya jobs in Kenya

JOB DETAILS:

Market Risk Analytics, Policy, and Research

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience
• LocationNairobi
• Job FieldData, Business Analysis and AI  , Research 

JOB OBJECTIVE(S)

• Provide oversight on market intelligence, model development and implementation, and policy framework in the Bank

Duties & Responsibilities

• Validation, calibration, development, and documentation of models using statistical methodologies and other quantitative/qualitative approaches.
• Domesticate market risk models for seamless adoption, integration and deployment in the Bank
• Review and develop market risk management framework, appetites, limits, tolerances, strategy, and capital allocations in the Bank
• Provide first line review for all limit requests, balance sheet targets, liquidity and contingency funding plans, and stress testing procedures.
• Develop and document stress testing methodology and procedures for market and liquidity risk portfolios/exposures.
• Review and development of market risk policies and standard operating procedures (SOPs) in the Bank.
• Coordinate market risk regulatory reporting and periodic reports to Management and Board Committees
• Development and deployment of Basel II/III/IV models across the Bank
• Coordinate the business continuity functions of the Unit (ISO Champion).
• Conduct research on market developments, regulatory changes, geo-political and macroeconomic trends for the Bank.
• Attend to other project/tasks as may be required by CRO/Management

KEY PERFORMANCE INDICATORS

• Drive zero tolerance for losses above board approved market risk appetites (liquidity, interest rate and foreign exchange).
• Ensure full compliance with trading limits and market risk policies to achieve zero tolerance for regulatory/policy infractions and penalties, while ensuring timely reporting and early remediation of limit breaches and exceptions.
• Timely, complete, and accurate market risk reporting.

JOB DESCRIPTION

• Implement at least 2 strategic projects and process improvement initiatives in the appraisal year.
• Achieve excellent Internal Audit Rating

ALM AND NON-TRADING MARKET RISK
JOB OBJECTIVE(S)

• Oversight and management of ALM and non-Trading Market risk in UBA Plc

DUTIES & RESPONSIBILITIES

• Identify and communicate key issues arising from interest rate risk, foreign exchange risk, and other balance sheet risk exposures to Management and Board
• Collation of data and generation/preparation of non-Trading market risk reports.
• Interest rate, foreign exchange rate and liquidity risks monitoring, management, reporting and control in the Bank.
• Conduct stress testing of market and liquidity risk exposures in the banking book of the Bank.
• Annual testing of contingency funding plan (CFP) of the Bank.
• Interpret and implement relevant Basel II/III/IV regulations and frameworks in the Bank.
• Regular review of banking book to ensure compliance with internal/regulatory limits, while escalating breaches and following up for quick remediation.
• Provide practical recommendation for the improvement of market risk management practices in the Bank.
• Attend to other projects/tasks as may be required by CRO/Management.

JOB REQUIREMENTS

• Education: Minimum of BSc in Mathematics, Statistics, Finance, Economics, and other related disciplines (preferably numerical disciplines).
• Professional Qualification: Possession of FRM, PRM, CFA, ACA, or ACCA will be an added advantage (preferably FRM, PRM or CFA).
• Experience: Marketrisk, marketresearch, treasury, and finance function.

Knowledge/Technical Competencies

• Excellent knowledge of financial markets and products.
• Good knowledge and interpretation of financial and balance sheet risks and opportunities.
• Proficiency in the use of MS office tools to deliver excellent results.
• Good understanding of economic variables/trends and regulatory/monetary policies.
• Knowledge of market risk management best practices and methodologies.
• Understanding Basel II/III/IV accords and practices.
• Thorough knowledge of banking and operations.
• Understanding of IFRS accounting policies and principles

Skills/Competencies

• Strong communication skills (written and oral) with strong business and customer focus
• Ability to motivate and manage talents for maximum performance and delivery of corporate targets.
• Excellent numerical and analytical skills.
• Good interpersonal skills.
• Accuracy and attention to detail.
• Excellent time management and organizational skills.
• Willingness to learn.
• Ability to work under pressure and meet tight deadlines.

Work Hours: 8

Experience: No Requirements

Level of Education: bachelor degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.

All Jobs | QUICK ALERT SUBSCRIPTION