Manager - Market Risk Job Vacancies at National Bank of Commerce (NBC)

Manager - Market Risk Job Vacancies at National Bank of Commerce (NBC)

Description:

Area: Dar Es Salaam
Application Deadline: 31st of March 2011

Position Description:

PURPOSE: Monitoring and reporting of risk related to Treasury Business.

MAIN RESPONSIBILITIES:

1.  Advise management on cause and potential impact of the observed change in NBC Interest and foreign Exchange Daily value at risk (DVaR).
2.  Monitor breaches in DVaR limits and manage the reporting of the breaches to Management, ABSA Africa Market Risk and other applicable levels.
3.  Review and sign-off the daily and monthly DVaR calculable as prepared by Middle Officer Team.
4.  Analyze and provide DVaR projections and trend given different market conditions or/and management decisions.
5.  Determine report and recommend to Management various Interest Rate and foreign Exchange Rate related issues that may impact NBC DVaR and market risk profile in general.
6.  Provide analysis and opinion to management on NBC Liquidity Risk.
7.  Review and sign-off daily liquidity reports that goes to the liquidity committee as prepared by Market Risk Team
8.  Review and sign-off Liquidity Mismatch Reports.
9.  Monitor and manage the reporting of Breaches on Medium Term mismatch guideline and manage the reporting of breaches on Medium Term Mismatch guidelines and other group liquidity Requirements.
10.  Develop annual ALCO schedules.
11.  Manage the process of identification and reporting of Currency open position limit breaches.
12.  Lead the investigation of big unreconciled variances
13.  Manage the Market Risk Team to ensure effective daily operations
14.  Track utilization of Inter-Bank Counterpart Limits
15.  Review and recommend on Market Risk for New Product Proposals

COMPETENCIES

•  High knowledge in Treasury and Bank Products
•  Asset and liability Management
•  A very good understanding of Principles of liquidity, Interest Rate and foreign Exchange risk management
•  Good understanding of bank Regulatory Requirements
•  Basis Understanding of Accounting and financial reporting
•  Analytical skills
•  Leadership skills

QUALIFICATION

 A BCom Degree or equivalent • ACI Operations Certificate

Experience

2 years in Bank Treasury, Finance or risk management functions.

NBC OFFERS A COMPETITIVE REMUNERATION PACKAGE AND BENEFITS

Application Instructions:

Interested applicants are invited to submit their CVs, Cover Letter, copies of certificates, 2 referees and their contacts to the Email Link above or by post to:

The Human Resources Manager
National Bank of Commerce (NBC)
7th Floor, NBC House
P.O. Box 1863

Dar es Salaam, Tanzania

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