IDB2263 - Lead Risk Analytics Specialist

Business Unit: Finance Complex
Division: FPPA
Department: Not Applicable
Contract type: Conditional Regular (Indefinite) Employment
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 12-Mar-2019
Job Role:

Lead the quantitative analytical functions for the Finance Complex on performance measurements, benchmarking and for the management of balance sheet and asset-liability management. This entails being the focal point for the development of quantitative methodologies and models to support the financial analytical function. It also entails provide the required analytical support for the formulation of financial policies and for the product development unit.

Key Accountabilities:

Financial and Risk Analytics

  • Lead the financial analytical research to identify the key income drivers, cost allocations to formulate optimal business model of the Bank.
  • Ensure preparation of analytic reports on periodic basis on liquidity management and on performance assessment and attribution analysis for in-house managed investment portfolios.
  • Ensure development and implementation of methodologies to assess and measure IDB's market risks associated with financing, investment, funding and derivatives operations
  • Ensure identification and, measurement of key risks and emerging risks on profit-rate, currency and other market risks inherent in the financing, investing, funding and hedging operations of the bank. To develop systems for monitoring to assist the Compliance and Monitoring unit to undertake continuous monitoring.
  • Collaborate with the Compliance and Monitoring unit, for undertaking detailed review and assessment of the market and liquidity risk profiles including credit/counterpart quality of the liquid fund’s portfolio, duration mismatch between assets and liabilities, currency mismatch, gap analysis, stress testing, sensitivity, etc.
  • Undertake stress tests and scenario analyses on investment, funding and derivatives portfolios to ascertain the level of market risk in the bank's activities
  • Quantify the potential exposures to market and liquidity risks due to both existing and proposed borrowings and report thereof
  • Ensure provision of all quantitative analytic support and modelling for the Policies unit and any other units in the Finance Complex.
  • Collaborate with the Financial Policies function and Investment unit in developing investment policy statements for each of the investment funds.
  • Provide the analytical support to proposing risk-return objectives, risk tolerance, investment horizon, Strategic Asset Allocation (SAA), liquidity requirements and investment constraints.

People Management

  • Provide motivational and inspirational leadership to the team members and communicates clear performance expectations.
  • Coach, mentor, develop and provide regular feedback to the team members on results at a function level, promptly addressing areas of improvement.
  • Support filling in key capability gaps of the team through capacity development and recruiting efforts.
  • Act as a role model to communicate to the unit’s staff IDB's values and leadership competencies and provides direction and support in times of change.

Operational excellence

  • Monitor the effective implementation and adherence to respective financial management policies, procedures and controls so that all relevant procedural / legislative requirements are fulfilled.
  • Keep abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
  • Provide necessary input for the preparation of the budget of the FPPA department and for the monitoring of actual expenditure against the approved budget. 
Job Requirements:

Academic qualifications

  • Master’s degree in Mathematics, Econometrics, Financial Management or related field.
  • Certification in FRM, PRM or CFA is preferred

Languages

  • English (mandatory)
  • Arabic (preferred)
  • French (preferred)

Minimum number of years and nature of experience

  • 10 or more years’ experience in financial management, financial modelling, risk management and related fields. Investment banking and pricing policies experiences are preferred

Job specific competencies

  • Adaptability
  • Building Relationships
  • Client Centricity and Responsiveness
  • Motivation to Learn and Share
  • Passion for Excellence
  • Analytical Thinking
  • Communication Effectiveness
  • Drive for Results
  • Knowledge, Learning and Communication
  • Problem Solving
  • Stakeholder Management / Client Orientation
  • Teamwork
  • Financial Management
  • Financial modeling
  • Bank Knowledge
  • Statistical Analysis, Modeling and Reporting
  • Strategic Planning
Location:
  • Job will be based in IDB’s headquarters in Jeddah, KSA

Travel:
  • As needed

Our Mission

The Mission of IDB is to promote comprehensive human development... Know more >