Portfolio Risk Manager - Compliance Expired

Maldives Islamic Bank PLC

Salary

MVR 0+

Employment Type

Full-Time

Vacancies

Island

Male' City, Male'

Details

Salary and Benefits: MVR 0+

Job Description

BE PART OF THE TEAM

PORTFOLIO RISK MANAGER (1) – RISK MANAGEMENT & COMPLIANCE

Job Scope

Assist in monitoring of the financing, liquidity, market and capital risk of the bank via monitoring mechanisms and stress testing methodology. Analyze the compliance to the regulatory and policy requirements of these risks and report to the CRO and Board Risk Management & Compliance Committee.

Key Responsibilities

Research and keep a watchful eye on the industry, business sectors, market segments where the Bank has taken up risk exposures and monitor changing government fiscal and financial policies in order to evaluate any ensuing emerging threat scenarios.
Issue timely alerts for deteriorating risk situations to inform Head RMCD/CRO who may then take-up the matter with the relevant management and board committees.
Prepare and update status on risk concentrations in industry/business sectors, customer-type, financing asset maturities, collaterals, geographical regions etc. and issuing alerts for any potential breaches to the set limit caps in the internal policies and relevant regulations.
Prepare, monitor and update all liquidity ratios as prescribed in Bank’s liquidity risk management policy.
Monitor Bank’s position about MRR and liquidity mismatches and send alert to Head RMCD/CRO for emerging risks or any regulatory breach observed.
Assist in scenario creations and running portfolio stress testing on periodical basis or on ad-hoc basis if warranted by any emerging risk threat.
Monitor and validate capital ratios including Capital Adequacy, Leverage, ADR etc. in line with Capital policy of the Bank and raise alerts to Head RMCD/CRO where any situation warrants Management Action Trigger (MAT) as defined in the capital policy including but not limited to any drastic fall in deposits.
Monitor equity, currency and debt markets and update weekly or monthly positions, as required by Head RMCD/CRO, to identify, assess and manage the risks associated with exposures taken by the Bank in these markets.

Requirements

Master’s Degree in related field with minimum 02 years of work experience in banking & finance and/or Credit/Portfolio Risk Management in banking OR,
Bachelor’s Degree in related field with minimum 03 years of work experience in banking & finance and/or Credit/Portfolio Risk Management OR,
Diploma in related field with minimum 06 years of work experience in banking & finance and/or Credit/Portfolio Risk Management in a bank.
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) will be an added advantage.
Knowledge of Portfolio Monitoring and Banking regulations will be an added advantage.
Professional written and verbal communication and interpersonal skills.
Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects/multitasking.
Ability to participate in and facilitate group meetings.
Interpretation and application of regulations, policies, and procedures.
Strong analytical, problem solving and decision-making skills.