Liquidity Risk Analyst NMB Bank PLC
Job Role Insights
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Date posted
2023-07-14
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Closing date
2023-07-14
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Hiring location
Dar es Salaam
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Career level
Senior
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Qualification
Bachelor Degree
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Experience
3 - 5 Years
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Quantity
1 person
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Gender
both
Job Description
Head Office
Job Purpose:
To assist the Head; Market Risk to effectively assess and report on the Bank's liquidity risk.
Main Responsibilities:
- Develop and implement liquidity risk policy within NMB bank.
- Develop liquidity early warning indicators and monitor mitigations for Management reporting.
- Understand the principles of prudent liquidity management and reporting, both internal and BOT requirements.
- Ensure that a snap check programme is implemented and maintained.
- Report on the value at risk, stress testing, liquidity, and profitability across the range of products traded.
- Ensure that liquidity positions/reports are accurately and timely reported and explanations are provided for any major change/movement.
- Develop and report on the bank's funding plan, including modeling alternative funding strategies.
- Monitor the liquidity tolerance level as approved by the Board and report to Asset and Liability Committee (ALCO).
- Analyze and quantify risks associated with liquidity in retail and wholesale products, particularly relating to counterparty behavior and treatment under internal and regulatory liquidity regimes.
- Review and re-calibrate, on at least an annual basis, all behavioral liquidity assumptions and submit updated assumptions to NMB ALCO for approval.
- Develop assumptions for Stress Testing scenarios and monitor the same during Stress Testing quarterly.
- Ensure that Liquidity contingency plans (short and long term) are up to date, ALCO approved and tested as per approved frequency.
- Perform risk assessments and gap analyses over liquidity and capital risks.
- Monitor the funding concentration in line with adequate mix of assets and liabilities as per the bank's strategy.
- Monitor the funding strategy on managing liquidity in different currencies.
- Improve liquidity risk management practices (measuring, monitoring, and reporting)
- Work with other business areas in Risk, Retail, Wholesale and Financial Markets and support Market Risk management in business or departmental wide initiatives.
- Provide analysis for work with external parties such as regulators and ratings agencies.
- Recommend and implement improvements to risk analytics and reporting, thus improving the risk decision making process.
Knowledge and Skills:
- Excellent communication skills both written and verbal.
- Excellent interpersonal relationships
- In-depth knowledge of treasury and financial risk management, in particularly ALM in banking
- In-depth knowledge of banking book liquidity risk
- In-depth understanding of financial and capital markets
- Knowledge of economic fundamentals
- Knowledge of banking book balance sheets and accountancy
- Knowledge of banking products and capital market instruments (including derivative instruments)
- Computer literacy
- Financial modeling, statistical analysis, and financial analysis
- Strategic business focus, Self - initiative, determination, and passion to succeed, Leadership and motivation skills, Ability to work under pressure, Delivery, and control oriented, Systematic and methodical, Problem solving and analytical skills
Qualifications and Experience:
- Bachelor's Degree or its equivalent in a Finance-related field.
- ACI dealing certification is mandatory.
- Minimum of three (3) years of work experience as a Liquidity & Market Risk Analyst or Financial Analyst in a financial institution.
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