ALM & Market Risk lead/ Senior Officer

Title: ALM & Market Risk lead/ Senior OfficerJob Responsibilities: Market Risk Management:• Develop and maintain the market risk management framework, including policies, procedures, and methodologies for measuring and monitoring market risks (e.g., interest rate risk, foreign exchange risk, ..etc).• Oversee the implementation and ongoing validation of market risk models, including Value-at-Risk (VaR), stress testing, and scenario analysis.• Monitor market risk exposures and provide regular reporting to ALM & Market Risk Management Head.• Conduct in-depth analysis of market events and their potential impact on the organization's portfolio.• Collaborate with other related stakeholders to provide risk-based insights and recommendations.Collateral Risks management • Oversee the Margin Call on Murex by counterparty,• liaison with Group middle office market risk regarding to collateral module localization• Collaborate with the responsible RM / GMO –H.O for verification/ reconciliation / settlement of marginal call amount notifications.• Develop FABMISR Collateral Management SOP.Regulatory Compliance:• Stay informed of and ensure compliance with relevant regulatory requirements related to market risk management (e.g., Basel Accords, local regulations).• Collaborate with compliance and legal teams to implement necessary changes to the risk management framework.• Participate in regulatory reporting and examinations.Team Leadership and Development:• Lead and mentor a team of risk professionals, fostering a culture of collaboration and continuous improvement.• Provide guidance and support to team members in their professional development.• Identify training needs and provide it to ALM & Market Risk Management Head.Communication and Reporting:• Effectively communicate market risk information to head of market risk• Prepare comprehensive risk reports, including risk assessments, stress testing results, and recommendations for risk mitigation and provide it to head of market risk.• Present risk-related information in a clear and concise manner.Enhancing / creating new reports :• Work closely with MIS finance team , treasury team to development / enhance Market, FX and collateral risks reporting process and match any ad-hoc reports required from senior management• Preparing Market , FX Risk section in Internal Capital Adequacy Assessment Process (ICAAP) document:• Collecting data and information from different departments at the bank.• Calculate, measurement and analysis of the Market, FX risk section in the ICAAP document in-line with CBE requirements.Handling Audit Requirements: • Preparing the requirements of Internal Audit Dep related to Market, FX and collateral Risks, liaising with Audit in their periodic audit assignments, following up with concerned parties to close all audit comments.Qualification:• From 4 to 8 years of banking experience, of which 5 Years in Risk Management Field is required• Certifications and/or degree required:• MBA, CFA, or FRM is an Asset• Additional/specific technical experience which is desired• Excellent Risk, Accounting and Finance Background• Intermediary Modeling and Statistics knowledge• Excellent communication skills, in Arabic and English