Manager, Market Risk

Title: Manager, Market Risk

Requisition ID: 5798

OVERVIEW

Business Function Risk Management Head of Business Function General Manager, Risk Management Division | Team, if applicable Credit & Market Risks Job Grade: E3 Reporting to Division Manager, Credit & Market Risks

JOB PURPOSE

This job holder is expected to contribute to the development of policies and procedures to manage market risks at ITFC. The role encompasses market/financial risk identification, assessment, measurement, and reporting to safeguard ITFC interests in a robust manner. The job holder will also support the Division Manager in building a risk management mindset by ensuring awareness around the stipulated policies and driving adherence across the organization.

KEY ACCOUNTABILITIES

Formulating Risk Policies and Procedures for Implementation

• Provide technical expertise and input in the formulation and updates of ITFC’s market risk management policies and guidelines to safeguard ITFC’s interests and manage investments/market risks optimally.
• Work proactively to build a strong risk management mindset within ITFC by raising awareness about market risk policies and compliance requirements.
• Contribute to the development of processes for implementing market risk management policies and defining standard procedures; monitor implementation regularly.
• Liaise and follow up with relevant departments to drive implementation of market risk policies; monitor adherence to stipulated guidelines across the organization.
• Highlight compliance concerns to relevant departments and the Division Manager.
  
  

Managing Market Risk

• Contribute to the development/update of market risk procedures and identify permissible instruments, exposure concentrations, and parameters critical for managing FX risk, Profit Rate Risk, and liquidity.
• Measure and monitor market risks using methodologies described in respective policies.
• Develop market and liquidity risk models to monitor risks associated with ITFC transactions and investments.
• Identify, assess, measure, and report market and liquidity risks at both granular and portfolio levels.
• Monitor management of liquid funds and ensure adherence to articulated risk guidelines on placements and investments.
• Inform ITFC Treasury on limit approvals and ensure positions comply with stipulated requirements.
• Review investment proposals prepared by Treasury and issue recommendations to minimize market risk and safeguard ITFC interests.
• Build internal dashboards and/or conduct daily reviews of FX and other exposures; reconcile with intra‑day monitoring reports from Treasury; highlight concerns and recommend corrective action.
• Perform analysis on the ALCO pack.
• Calculate market risk metrics such as Value at Risk (VaR), Earnings at Risk (EAR), DV01 Sensitivity, Duration & Net Gaps per Currency, Economic Value of Equity, etc.
• Run stress tests, document results, and report findings to the Division Manager regularly.
• Contribute to preparation of periodic risk reports covering all aspects of market and liquidity risks; highlight key findings and recommend actions to DM Risk Management.
• Provide expertise/input for market and liquidity risks related to pricing and support the risk‑based pricing framework.
  
  

KEY ACCOUNTABILITIES

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Post Graduate Degree: MSc with a specialization in Risk Management, Finance or Financial Economics
• Certifications such as CFA, and/or in Risk Management (FRM, CMRP, PRMIA) are considered as a plus
• Minimum 4 years of experience in similar or relevant position
  
  

Language Skills:

SKILLS & NECESSARY KNOWLEDGE

• English is compulsory
• Arabic and/or French is a plus
  
  

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate
  
  

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.