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ERM / Market Risk Officer at VFD Group

Feb 27, 2020, 3:09 PM
Banking & Financial Services
VFD Group

VFD Group is an alternative financial service holding company that creates value by working within Nigeria's informal financial sector to create innovative products and solutions that are accessible to the everyday Nigerian.

We are recruiting to fill the position below: Job Title: ERM / Market Risk Officer Location: Lagos Supervises: Other Risk Officer(s)

Job Summary

Responsible for implementing Enterprise Risk Management with key focus on Market and Financial Risk within the Group

Department ERM:

Operates within the GRC (Governance, Risk and Compliance) Group Directorate

Reporting Relationships:

Reports To:
- Executive Director (ED), GRC
- Head, Risk Management & Compliance.

Key Task

Responsible for Market and Financial Risk Management
Assist with the implementation of the ERM Framework within the Group and Subsidiaries
Business Continuity Management (BCM)
Good understanding of Credit and Operational Risk
Manage Asset and Liability Risk of the Group and Subsidiaries in an efficient and forward-looking manner
Manage the Financial and Liquidity Risk position of the Group and Subsidiary through efficient cashflow planning
Prepare weekly and monthly cashflow projections with inputs from all subs for adequate liquidity planning and cash allocation.

Responsibilities

Daily review of Treasury trading blotters- Fixed income and FX
Daily monitoring of treasury / trading limit to ensure limits are not breached during transactions and also follow-up on exceptional approvals conclusively
Conduct models variation and first level validation exercises for Market Risk Measurement systems.
Preparation of ALCO report with Treasury ALM Desk and support in board reporting.
Regular risk measurements and valuation of Treasury Positions/Products with statistical model e.g. Value at Risk model
Develop risk models to measure other risk parameters including beta, duration and convexity
Provide support and training to staff to build risk awareness
Prepare/compile agreed periodic activity and performance reports for the attention of the ED-GRC, GMD/CEO and relevant Board Committee.
Develop standard statistical methodology and models to conduct market and financial risk measurement and valuation for the treasury positions
Advice and support the GRC Directorate on the impact of MPC decisions and Circulars issued by regulators.
Oversee the limit monitoring and escalation of breaches for conclusive resolution.
Supervise and ensure timely submission of the directorate presentation for ALCO and Board meeting.
Keep the Group abreast of developments in the global financial market and potential Market risk.
Develop and assign Treasury / Trading limits attached to products and desks to mitigate liquidity risk and safe-guard risk capital.
Develop standard reporting templates, dash boards to be utilized by the Group.
Provision of overall leadership and direction to the Market, Financial and Liquidity Risk Team.
Ensure continuous review of procedures and models for the management of market and financial risk within the Group and Subsidiaries
Effectively supervise the stress test process to ensure the simulation model captures the actual risk faced by the Group
Daily monitoring of the Treasury Placement limits with counterparties to ensure the GroupТs capital is protected
Daily monitoring of Net Open position of regulated subsidiaries to ensure compliance with regulatory benchmark
Review of the balance sheet trend analysis to monitor key performance ratios in terms of liquidity, risk asset exposures, deposit concentration, earnings.
Conduct regular stress test on the Group and Subsidiaries portfolio using a simulation model to evaluate the potential impact on Capital and Liquidity requirements
Regular review of Treasury asset position in terms of liquidity. Searchlight on asset concentrations that could increase liquidity risk.
Prepare periodic Gap analysis report to measure interest and liquidity risk.
Review of the Contingency funding plan at intervals to ascertain its relevance
Regularly liaise with Portfolio Reporting & Returns, Finance and IT to identify data required to develop technical process that will comply with regulatory requirements.
Perform any other duties as assigned by ED-GRC and Head, Risk Management & Compliance

Key Performance Indicators Financial Target:

As agreed from time to time

Non -Financial Target:

Timely and discreet execution of investigations
Reduced fraud cases
Reduced number of mitigated risks

Specification / Qualifications

First degree or its equivalent in any discipline, MBA or Master's degree required
Minimum Experience: Four (4) years relevant experience of which at least two (2) years must have been spent in a similar role.
Professional Membership: Certified Risk Management Professional (CRMP), PMI-Risk Management Professional, RIMAN Certified Risk Manager (CRM), and any other relevant risk management professional memberships
Other relevant professional qualification: ACA, ACCA, CIMA, CFA would be an added advantage.

Competence Requirements Core Skills:

Attention to details and analytical
Good Management abilities.
Excellent communication & presentation skills
Negotiation
Working knowledge of Microsoft Office Suite and other relevant accounting tools
Knowledge of corporate governance practices
Ability to analyze financial data and prepare financial reports, statements, and projections
Knowledge of finance, accounting, budgeting, financial statements and cost control principles
In-depth understanding of the organizationТs business issues.
Good communication skills.
Ability to read large volumes of documents effectively and extract necessary information

Generic Skills:

Interpersonal
Time Management
Organisation
Team work.
Team work
Integrity
Pro-activity
Detail orientation

How to Apply Interested and qualified candidates should send their CV to: [email protected] with the relevant position applied for as heading. Application Deadline 5th March, 2020.

Lagos State

OND / HND / BSC Holders job vacancies in Nigeria, Lagos State job vacancies in Nigeria, Msc job vacancies in Nigeria

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