Job title: ALM Danger Supervisor Job at Rand Service provider Financial institution
Firm:
Job description: Rand Service provider Financial institution (RMB), a division of FirstRand Financial institution Restricted, is a number one African company and funding financial institution and a part of one of many largest monetary companies teams in Africa. We provide our shoppers progressive, value-added advisory, funding, buying and selling, company banking and principal investing options.We’re recruiting to fill the place beneath:Job Place: ALM Danger SupervisorJob Requisition ID: R12633
Job Location: Lagos
Job sort: Full-timeJob Description
- The Governance Framework for the Administration of ALM Danger (i.e., Liquidity Danger, Foreign money Danger, and Banking E book Curiosity Fee Danger) offers the governance rules geared toward creating a sturdy course of to evaluate, measure, monitor, and report these dangers.
- RMB Nigeria’s (“RMBN’s”) Group Treasury is the extension of FirstRand Financial institution’s Group Treasury and is answerable for the implementation of the Framework in Nigeria.
- RMBN’s Treasury crew can also be answerable for the administration of the financial institution’s capital to make sure its adequacy beneath business-as-usual and stress situations, capital administration threat is due to this fact a key element of this function.
- For the aim of this doc, reference to ‘threat(s)’ means, ALM and capital administration threat, that are additionally collectively known as ‘Treasury Danger’.
Duties
The next duties & key efficiency areas are required for the job:
- Frameworks, Insurance policies, and Mandates for the administration of Treasury Dangers:
- Accountable for the institution and upkeep of frameworks, insurance policies and committee (i.e., ALCCO) mandates.
- Guarantee full compliance with Group requirements and regulatory necessities related to funding and capital (LAR, CRR, LCR, NSFR, CAR.)
- Suggest threat limits, making certain that portfolio mandates are in place throughout and in step with threat urge for food.
- Analysis greatest apply and make suggestions on implementation of latest developments and enhancements in threat administration processes.
Governance & Compliance:
- Monitor dangers and be sure that the publicity and utilisation is in step with the chance limits.
- Be sure that mandate and restrict breaches and non-compliance thereof are escalated to applicable boards.
- Guarantee implementation of Basel III necessities throughout all portfolios.
- Guarantee satisfactory governance processes are in place (frameworks and laws).
- Guarantee coordination of Inside and Exterior Audit engagement.
Danger Analytics and Measurement:
- Be sure that an applicable management framework is in place to make sure the accuracy and completeness of Treasury threat metrics.
- Develop new and optimise current methods for the administration of dangers.
- Information and implement a repeatable, dynamic stress and forecasting course of in step with Group’s tips, regulatory necessities and greatest apply.
- Drive and implement the quarterly Inside Liquidity Adequacy Evaluation Course of ‘ILAAP’ (together with the completions of all relevant reference paperwork).
- Carry out an evaluation and forecast the important thing reporting metrics and supply commentary that can be utilized to clarify implications of the outputs and attribute actions.
- Repeatedly assess appropriateness of metrics and measurement methodologies.
- Drive and implement the annual Inside Capital Adequacy Evaluation Course of ‘ICAAP’ (together with the completions of all relevant reference paperwork) and Restoration Planning Course of (RRP).
- Overview the stress testing of assumptions & BAU again testing outcomes for every Treasury Danger.
- Carry out impression assessments on proposed modifications to laws impacting on stress check consequence.
- Present suggestions to the chief administration on dividend payout and optimization of the RWAs for enterprise models primarily based on the ICAAP consequence.
- Analyze and monitor the foreign money threat on the stability sheet (banking ebook) to make sure the financial institution is immunized from opposed shocks.
- Handle and guarantee compliance with the regulatory limits on Internet Open Place.
Reporting & Communication:
- Co-ordination and manufacturing of the ALCCO pack sections and shows regarding Treasury dangers in addition to facilitating and standardising the reporting into applicable boards and frequency for each in-country and Group
- Coordination and submission of Key Administration Course of reviews regarding Treasury dangers within the banking ebook to the Board’s Danger & Compliance Committee
- Motion advert hoc reporting and queries regarding Treasury dangers reporting
- Talk outcomes of threat analytics and measurement to the Treasurer
- Co-ordination and manufacturing of the periodic ICAAP and ILAAP report.
Strategic Relationships:
- Accountable for the event and upkeep of strategic relationships with:
- Different Danger Sort House owners
- Finance, Regulatory Reporting and Compliance
- Administration committees (ALCCO, FRM)
- Regulator
- Group and in-country Analysis groups
- Group ALM Danger Administration
- Group Capital administration
- Group Change Management
- Develop and preserve relationships with Group friends to maintain updated with newest developments throughout FirstRand w.r.t threat frameworks, disclosure necessities and so forth.
- Business liaison.
Expertise and {Qualifications}
- A Diploma in Accounting / Finance / Maths / Statistics or associated discipline with a robust quantitative bias.
- A minimum of 5 years of expertise in asset/legal responsibility administration or threat administration.
- CFA or FRM qualification could be a bonus.
- Thorough understanding of banking merchandise and monetary devices.
- Thorough understanding of ALM administration and an understanding of ALM and Capital particular laws (e.g. Basel reporting requirements)
- Data of threat measures and practices (e.g., PV01, VaR, EaR (NII sensitivity).
- Thorough understanding of governance and management frameworks .
- Able to analysing complicated ideas and translating these into easy and concise narratives for administration.
Anticipated wage:
Location: Nigeria
Job date: Sat, 28 Sep 2024 04:42:50 GMT
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