Wema Bank Plc
Wema Bank Plc – Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.
We are recruiting to fill the position below:
Job Title: Team Member, Trading Market Risk
Location: Lagos
Employment Type: Full Time
Job Summary
- Team Member, Trading market risk will be responsible in identifying, assessing, monitoring and controlling or mitigating risk.
- Scanning financial markets for relevant data to positions held by the bank, both financial and regulatory.
Responsibilities
- Monitor changes in Interest rate, foreign currencies, commodities, and other risk factors and determine their impact on the Bank’s trading portfolio.
- Monitoring compliance with agreed trading limits and report same to the Head, Market & Liquidity Risk Management.
- Preparation of daily, monthly, and quarterly reports for management, ALCO, and Board Risk Committee on trading market risk
- Measurement of market risk and portfolio sensitivities to risk factors by calculating Value-At-Risk (VaR), duration, scenario, and sensitivity analysis.
- Maintain key rates for yield curves for daily valuation of the bank’s trading and banking book.
- Maintenance of historical trading market risk data
- Preparation of market risk capital charge for capital adequacy ratio returns.
- Support preparation of trading market risk stress testing report
- Circulation of reports to concerned parties and escalation of issues whenever the need arises.
- Performs any other task or duties as assigned by the Head, Market & Liquidity Risk Management.
Requirements
Academic background:
- Bachelors in any of Banking and Finance, Finance, Accounting, Economics, Statistics, Mathematics, Engineering, or any numerical field.
- MSc, MBA, CFA, FRM, ACA or any relevant
- Professional certification is an added advantage.
Requisite experience:
- 1 – 3 years market risk and/or treasury experience.
Application Closing Date
18th January, 2024.
