Head, Market & Liquidity Risk

Knowledge, Skills and Experience Required:

• Ten (10) years’ or more experience in the financial services sector with specific focus in treasury function
• Degree in Economics, Finance, Management, Maths or similar
• Master’s degree preferably in finance, economics &/or quantitative subjects will be an added advantage
• Fluency in English, with excellent oral and written communication skills
• Proficiency in Excel to maintain, improve and develop reporting tools
• Knowledge of the Basel framework
• In-depth understanding of risk methodologies, interest rate modelling, VAR, and/or other complex financial risk modelling and governance frameworks.
• Strong knowledge of Capital Market activities and main instruments
• Ability to manipulate, analyze, summarize and present data/results
• Strong quantitative, analytic and problem-solving skills
• Curious, detail-oriented, self-starter and communicates easily and openly.
• Strong work ethic and commitment
• Good interpersonal communication skills and ability to work as a team
• Strong leadership and coaching skills
• Able to demonstrate a personal commitment to taking ownership and following up
• Relevant ACI certification and membership will be an added advantage
• Professional designation in GARP will be an added advantage

Key Result Areas:

• Lead the development and implementation of ALM, Liquidity and market risk measurement tools, systems, processes, and reporting.
• Liaise for the effective Liquidity Risk Capital & Contingent Risk Planning. Support management, & develop processes and methods, to feed into Risk Strategy development and ensure alignment to the overall Business Strategy
• Formulate advice to the senior management & board on the current risk exposures of the bank and future risk strategy, including strategy for market and liquidity risk management with due consideration to the current and prospective macroeconomic and financial environment.
• Work as a key resource to the Director of Enterprise Risk assisting with the management of the market & liquidity risk control function in the pursuit of its targets
• Review and oversee the implementation of market risk policies, market risk management framework and internal controls, and ensure its compliance by the different business units
• Lead and manage the implementation of the new IRRBB framework requirements and internal governance
• Managing VAR and ES tool.
• Oversee the capital risk quantification under the ICAAP process in areas such as market risk, IRRBB, liquidity risk
• Oversee the implementation of the Fundamental Review of the Trading Book framework
• Oversee the market risk capital requirements calculation process under current regulatory frameworks
• Oversee the daily capture, monitor, control and reporting of the Bank’s market risk and ensure these are reported accurately
• Develop and implement measures leading to a better risk management framework and improvement of internal controls
• Respond to ad hoc requests from the business, risk management or regulators
• Coordinate with other unit functions as well as other relevant departments to develop and implement risk policies and processes benchmarked with best industry practice and in line with regulatory requirements.
• Provide insights to ALCO on matters around market and liquidity risk
• Oversee the management of capital allocation and performance framework of the bank.

Staff Management

• Assist in conducting / attending in-house training for staff on market risk management practices
• Participate in selected training programs
• Assist in the implementation of the market risk strategy in the Bank as directed by the Board.
• Embed a market risk culture Bank wide to promote transparency and accountability for inherent risk and controls.
• Promote best practices for control with the business and support areas Identify, manage, strengthen and alert management on all key residual risks and controls (Front to Back)

Communications and Working Relationships:

INTERNAL CONTACTS

• Executive Management
• Financial Markets
• ALM
• Treasury Operations
• ALCO
• Risk Management and Compliance
• Operational Risk Management
• Business Unit Heads

EXTERNAL CONTACTS

• The Bank of Ghana (BOG)
• External Auditors

INFORMATION SECURITY RESPONSIBILITIES

• Abide with the Bank’s ISMS (Information Security Management Systems) policies and procedures
• Safeguard the Bank’s information assets in accordance with its ISMS policies and procedures

Salary Range: Attractive

Employment Type: Full Time

Location: Accra