banking jobs in UAE | United Arab Bank careers
United Arab Bank announced, through its Linkedin account, a bank job in uae (Assistant Manager, Market & ALM Risk) according to the following:
- Assistant Manager, Market & ALM Risk will be responsible for day-to-day activities pertaining to Market & ALM Risks along with associated regulatory reporting thereby supporting the Risk Management Department and the firm to anticipate and assess risks that may impact the firm’s balance sheet and liquidity position due to market movements, operational reasons / strategic decisions.
- Ensure sufficient review and control through the use of systems / defined processes for reliable computations and consistent reporting.
- Stay up to date on regulatory matters pertaining to Market & ALM Risks.
- Responsible for day-to-day activities pertaining to Market Risk as defined in Market Risk Policy and SOP.
- Interpret and provide guidance on applicable regulations and guidelines.
- Regular monitoring of investment portfolio and applicable limits.
- Assist in projects / initiatives pertaining to Market Risk.
- Support proper functioning of IMCO.
- Support development and monitoring of ALM risk & limit framework in coordination with ALM and business units.
- Interpret and provide guidance on applicable regulations and guidelines.
- Preparation of Basel III and Regulatory liquidity ratios.
- Regular computation of IRRBB ΔNII and ΔEVE.
- Assist in projects / initiatives pertaining to ALM Risk.
- Support proper functioning of ALCO.
- Professional Degree with experience in Market Risk / ALM Risk in Banking domain or consulting role for 5+ years.
- Professional certification in CFA, FRM is preferred.
- Minimum five years of relevant experience in the banking sector with at least three years in similar discipline showcasing increasing managerial responsibilities.
- Proficient in Basel guidelines, and regulations / guidance from CBUAE as well as key global regulators pertaining to Market & ALM Risks, stress testing, model development, forecasting and regulatory reporting requirements.
- Thorough understanding of Market & ALM risks and their impact on the organization’s strategy and growth objectives.
- Working knowledge of IFRS 9 impairment and ECL computation.
- Proficiency in systems and technical solutions in the area of data warehousing and risk management solutions is desirable for effective, efficient and resilient financial risk monitoring and management.
- Comprehensive understanding and awareness of all areas of Risk Management is desirable.
To know more details about the vacancy and how to apply kindly check the link below:
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