Wema Bank Plc Recruitment for Market Risk Analyst



Wema Bank Plc – Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

We are recruiting to fill the position below:

Job Title: Market Risk Analyst

Location: Lagos
Job Type: Full-time
Specialization(s): Risk Analysis

Job Summary

  • The Ideal candidate would oversee computation of market risk regulatory capital using Standardized Approach (Basel II/III) and preparation/coordination Basel III regulatory reports.

Job Description

  • Preparation of market risk reports to ALCO, MRC, and BRMC
  • Computation of market risk regulatory capital using Standardized Approach (Basel II/III) and preparation/coordination Basel III regulatory reports
  • Provide relevant data and participate in the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) of the Bank
  • Perform macroeconomic review and formulate economic outlooks for the Bank
  • Conduct risk and return analysis on Treasury portfolios and banking book
  • Daily review of trading blotters to ensure compliance to internal and regulatory limits/policies
  • Preparation of daily Market Risk dashboard
  • Liquidity gap, re-pricing gap & net interest income (NII) sensitivity analysis
  • Development and validation of internal models for seamless market risk identification, monitoring, management, and reporting.
  • Support the implementation and enforcement of market risk policies & procedures in the Bank, while participating in the annual and periodic review of market risk & related policies
  • Attend to other tasks as may be assigned by Head, Market Risk or Senior Management.

Minimum Qualifications and Experience

  • An excellent academic background (preferably a numerical discipline);
  • Minimum of Four (4) years banking experience, part of which must have been spent within a Risk, Market Research, Treasury and Finance function.
  • Professional Qualification: Any of FRM, PRM, CFA, ACA, ACCA will be an added advantage (preferably FRM, PRM, or CFA).

Technical Competencies:

  • Excellent knowledge of financial markets and products
  • Good knowledge and interpretation of financial and balance sheet risks & opportunities
  • Proficiency in the use of MS office tools
  • Good understanding of economic variables/trends and regulatory/monetary policies
  • Market risk management best practices and methodologies
  • Understanding of basel II/III accords & practices
  • Ability to interpret balance sheet gaps/risks and relate it to various economic perspectives/scenarios with high level of accuracy.

Behavioral Competencies:

  • Strong Communications skills(written and oral) with strong business and customer focus
  • Excellent numerical and analytical skills
  • People management
  • Accuracy and attention to detail
  • Excellent time management and organisational skills
  • Interpersonal skills
  • Willingness to learn
  • Ability to work under pressure and meet tight deadlines.

Application Closing Date
31st January, 2022.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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