Market Risk Officer

at True North Consult Ltd
Location Kampala, Uganda
Date Posted September 17, 2024
Category Sales and Marketing
Job Type Full-time
Currency UGX

Description

JOB DETAILS:
The Market Risk Officer will work as a key resource to the Chief Risk Officer assisting with the management of the market risk control function in the bank.

Responsibilities
• Support in the planning and implementation of the market risk policies, market risk
• management framework and internal controls, and ensure its compliance by the different business units
• Preparation of Management report to RMC and ALCO committee
• Identify emerging risks and control issues
• Daily monitoring of CRR.
• Serve as Treasury Middle officer to review and approve all treasury dealings before system booking.
• Monitor exchange rates, interest rates and update the daily spot/monthly average prices database
• Monitoring of set limits for compliance and promptly flag triggers to Head of Risk.
• Review and analysis of the treasury manual and system blotters for correctness and accuracy.
• Review and analysis of Balance Sheet Ratios and limits (Internally and Regulatory).
• Maintain Revaluation rates.
• Scanning financial markets for relevant data to positions held by the bank, both financial and regulatory.
• Establish trends of liquid assets to total assets or liabilities over time to monitor liquidity risk.
• Carry out stress tests on both liquid assets and interest baring assets and liability
• gaps to establish liquidity risk and interest rate risk.
• Analyze foreign currency assets and liabilities and do stress tests to establish foreign currency exchange risk.
• Respond to ad hoc requests from the business, risk management or regulators.

Education
• A Bachelor’s degree from a recognized university.
Experience
• At least 3 years’ professional experience holding a related position in a financial institution regulated by Bank of Uganda.

Skills and Competencies
• Good communications Skills
• Team Player
• Networking skills
• Attention to detail

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