Risk Analytics Specialist

IDB3422 - Risk Analytics Specialist

Business Unit: Finance & CFO
Division: Financial Planning & Asset Liability Management
Department: Financial Policies, Planning & Analytics
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Job Grade: E2
Closing Date: 04-Jan-2025

Job Purpose

Contribute to the quantitative analytical functions for the Finance Complex on performance measurements, benchmarking, and monitoring of balance sheet and Asset Liability Management to minimize various financial risks the Bank may face. The role also entails providing the required analytical support in the formulation of financial policies and for product development.

Financial and Risk Analytics:

1. Support in the implementation of an enterprise risk management solution in the Bank that provides FPPA and Finance Complex the tools to undertake their first layer of defense responsibilities for managing the financial risks of the Bank.
2. Carry out financial analytical research to identify the key income drivers and cost allocations to formulate optimal business models for the Bank.
3. Contribute to the preparation of analytic reports on a periodic basis on liquidity management and on performance assessment and attribution analysis for in-house managed investment portfolios.
4. Contribute to the development and implementation of methodologies to assess and measure IsDB's market risks associated with financing, investment, funding, and derivatives operations.
5. Identify and measure 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.
6. Undertake 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.
7. Undertake stress tests and scenario analyses on investment, funding, and derivatives portfolios to ascertain the level of market risk in the bank's activities.
8. Quantify the potential exposures to market and liquidity risks due to both existing and proposed borrowings and report thereof.
9. Provide quantitative analytic support and modeling for the Policies unit and any other units in the Finance Complex.
10. Collaborate with the Financial Policies function and Investment unit in developing investment policy statements for each of the investment funds.
11. Provide the analytical support to proposing risk-return objectives, risk tolerance, investment horizon, Strategic Asset Allocation (SAA), liquidity requirements, and investment constraints.

Operational Excellence:

1. Provide technical guidance to the lesser experienced team members and review their work.
2. Support in the effective implementation and adherence to respective financial management policies, procedures, and controls so that all relevant procedural requirements are fulfilled.
3. Keep abreast of the latest developments, regulations, and leading practices in the field and propose any necessary actions.
4. Contribute in proposing and implementing process improvements to increase efficiency, effectiveness, and compliance of the related operations.

Academic and Professional Qualifications

Bachelor’s degree in Mathematics, Econometrics, Financial Management, or related field. Certification in FRM, PRM, or CFA would be preferred.
Minimum 5 years of experience in financial management, financial modeling, risk management, and related fields. Investment banking and pricing policies experiences are preferred.

Skills & Necessary Knowledge

Building Relationships
Motivation to Learn and Share
Passion for Excellence
Analytical Thinking
Problem Solving
Financial Management
Advanced knowledge of risk management, treasury function, and compliance.
Advanced knowledge of Statistical Analysis, Financial Modeling, and Reporting.
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
- Academic Certification
- Copy of Passport