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Financial Risk Manager

Date: Jul 18, 2021

Location: Al Asimah, Kuwait

Company: AL AHLI BANK OF KUWAIT

Reports To

Assistant General Manager - RMD

Job Purpose

Responsible for Bank-Wide Management ALM, Market Risk and Liquidity Risk.

Generic Accountabilities

1. People Management Manage, motivate and develop individual employees and the team in line with people policies & practices. Communicate operational procedures.
2. Corporate Governance and Compliance Work fully within risk policies and procedures and compliance regulations and ensure all divisional activities comply with corporate governance & regulatory/legal frameworks

Specific Accountabilities

1.    Risk Analysis: Analytical analysis of Balance sheet highlighting risk concerns both on the assets side and funding structure i.e. identifying concentrations, lop sided growth in assets, evaluating risk return trade-offs, funding concentrations, reliance on high cost funds in the funding pattern etc., prepayment options both on the loans and deposits and impact on profitability.
2.    Market Risk Analysis: Identifying measuring and monitoring all market risk in the bank:
A. FX Risk
B. Equity price risk
C. Interest rate risk in banking book

3.    Risk tools and techniques: Set up measurement tools like the Value at Risk (VaR) and other tools like open overnight exposures, Notional exposures, Stop Losses, Maximum tenor, authorized currencies etc.
4.    Risk Control: recommending acceptable risk limits for each measure, depending on the risk appetite of the bank and get them approved by ALCO.
5.    Monitoring: Independently monitor adherence to limits and report exceptions.
6.    Interest Rate Risk: analyze each line in the balance sheet and understand the interest rate behavior by identifying the interest rate mismatch risk based on the re-pricing of assets and liabilities and underlying assumptions for quantifying the interest rate risk in the banking book are agreed upon and the gap statements are drawn accordingly.
7.    Risk Recommendations: Responsible for recommending risk limits for the variability in the net interest margin by setting up 
A. 1 bp sensitivity Limits
B.  Earnings at Risk Limits

8.    Risk Planning: Business Plans reviewing the business and funding plans at the time of the budgeting process and analyze the impact of future growth on the overall balance sheet and funding mix. The impact of projected growth on the profitability is also analyzed keeping in view the peer positioning and expectations.
9.    Liquidity Risk: setting up measures for quantifying and monitoring liquidity risk also laying down policies for liquidity risk management and contingency planning.
10.    Liquidity Measures: Setting measures to quantify and monitor liquidity risk eg. Liquidity ratios, liquidity at risk, liquidity gaps etc.
11.    Risk Process: review of the funding mix identifying deposit concentration, reliance on wholesale funding, high cost of funding vs. peers and market rates etc.
 

Education

Bachelor's Degree or Equivalent Certification/Experience in Finance or CA Certified

Experience

•    7- 10 years of Risk experience 
•    Liquidity assessment and processes
 

Skills

•    credit risk, financial risk, market risk
•    Banking systems, corporate banking and consumer banking. 
•    Risk assessment tools and methodologies
 

Work Contact

Internal: Corporate Banking, Treasury, Consumer banking, Operations,  Risk Management
    
External: CBK  

JD Code

RMD 5.1