Head, Market Risk
DGU Consult
Lagos, Nigeria
3d ago

Job Summary : CLIENT : Banking

CLIENT : Banking

JOB TITLE : Head, Market Risk




Independently measure and monitor the market risk levels of the Bank in relation to the risk appetite set by management and the board

Produce reports that allow senior management and the board to evaluate the level and trend of market risk exposure. Provide information about market risk to the ERM / Risk Measurement group

Ensure the accuracy, integrity and completeness of market risk data, assumptions, methodologies and reports. This includes the following duties :

Fully document all assumptions and data sources

Backtest and obtain independent validation of MRM models and outputs where possible

Check and validate models, prices / valuations, inputs and outputs used by the front office

Ensure that the Bank is accurately measuring and reporting all market-related gains and losses

Ensure that market risk levels are maintained within the Bank’s risk tolerance / appetite, including :

Job description :

Make independent proposals on limits, targets and triggers for ALCO approval, reviewing information and proposals from risk-taking units

Ensure that limits and targets are monitored to ensure compliance in all risk-taking units

Receive notification about breaches and exceptions to limits and targets, report them to the members of ALCO and EXCO, recommend corrective actions, and ensure that corrective actions are enforced

Implement a comprehensive and robust market risk stress / scenario analysis programme, including :

Define scenarios, determine scenario assumptions, and execute stress tests to evaluate the effect of changes in interest rates and other factors on the balance sheet, liquidity and income

Regularly report and interpret stress testing results to management and stakeholders

Ensure contingency plans are in place and are practicable and realistic. Recommend when they should be invoked

Monitor the functionality of trading and information systems and review the processes of business units that are taking market risks to ensure that appropriate risk controls are in place

Ensure that the Bank complies with all statutory and regulatory requirements related to market risk. Remain conversant with industry developments and ensure that the Bank is adequately prepared

Act as a promoter and advisor of sound market risk management practices in the Bank, including :

Provide guidance and recommendations on policies, processes and infrastructure

Establish ideal practice for the Bank and propose remedial measures to address identified gaps

Ensure timely communication / dissemination of policies and procedures to all stakeholders

Serve as custodian of this policy by reviewing it at least annually and updating it as required. Submit amendments to the Head, Risk Management & Control, EXCO, and the board (in that order) for approval

Actively monitor the market operations of the bank in money market, forex, derivatives, bonds, securities and any other market where the bank has exposure

Actively manage the bank’s balance sheet and liquidity position as per recommendations of the ALCO, Bank’s internal policies and statutory guidelines


IV. Educational Qualifications :

  • B.Sc.
  • MBA (Added advantage)
  • V. Membership of professional bodies :

  • ACCA
  • VI. Minimum years of experience :

    VII. Analytical Skills

    VIII. Presentation Skills

    IX. Leadership Skills


  • Competence
  • Strong Interpersonal Skills
  • Ownership Spirit
  • Applicants should send their cvs with subject title to cvs.hpierson gmail.com

    Closing date 23rd of August

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