The Market Risk Manager’s duties will involve overseeing and enforcing market risk management policies, aligning strategies with regulations, conducting training sessions for team members, and implementing valuation modelling for accurate risk assessment. Additional responsibilities will include setting and enforcing risk limits, conducting assurance checks on modelling outputs, and analyzing legislation to gauge its impact on risk exposure.

Job Details

• Oversee the enforcement and implementation of market risk management policies and governance frameworks.
• Review and develop strategies to align the organization’s market risk management policies, frameworks, and activities with regulatory requirements.
• Conduct training on market risk-related topics to develop team member’s risk literacy and awareness.
• Oversee the implementation of valuation modelling and analysis of market risk.
• Implement and enforce market risk limit for all risk-taking business units.
• Develop strategies and methodologies to mitigate potential market risk which may be beyond the organization’s risk appetite.
• Conduct assurance checks on risk modelling outputs for accurate assessment of controls and risk monitoring activities.      
• Analyse identified legislation to determine its impact on the organization’s risk exposure and risk control requirements.
• Conduct scenario analysis on potential extreme market events to identify impact on market risk to the organization.
• Conduct preliminary review and validation of valuation modelling and analytics findings to identify risk management-related insights.
• Review risk analysis and stress testing reports to ensure accuracy of reports and propose preliminary risk mitigation strategies.    
• Review and ensure market risks are adequately addressed for new products, as part of new product approval processes
• Review reports and/or presentations of financial forecast findings to explain the risk positions of products.
• Identify irregular market exposure positions across the organization.
• Develop regulatory reports on market risk management positions.
• Serve as a market risk subject matter expert to the business.
• Develop others’ understanding of market risk management through thought leadership, mentoring, and coaching.
• Interpret relevant legislation and regulations, legal documents, standards, and codes of practice relevant to the business units and their implications.

Requirements

• Minimum of 4 – 7 years working experience in the financial services sector
• Bachelor’s degree in finance, Accounting, Economics, Business Administration or Legal (master’s degree is an additional advantage)
• Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)