Senior Manager Liquidity and Market Risk

Role Statement

The Senior Manager – Liquidity and Market Risk is responsible for overseeing and managing the market, mid-office, and liquidity risk functions in accordance with regulatory requirements and the bank’s internal policies. The role involves implementing risk management frameworks, ensuring compliance, and enhancing the bank’s ability to identify, assess, and mitigate risks effectively. The role also includes leading initiatives related to Basel III and other regulatory frameworks, ensuring robust reporting, and guiding subordinates to enhance their functional expertise.

Key Objectives

Risk Management and Compliance:

• Effectively manage the Market Risk, Treasury Middle-Office, and Liquidity Risk functions in accordance with regulatory and internal requirements.
• Identify risks and recommend strategies to mitigate or minimize them.
• Stay updated on regulatory changes and ensure full compliance with the bank’s policies and external regulatory policies.

Frameworks and Methodologies:

• Implement and support market risk and liquidity risk frameworks and measurement methodologies.
• Calculate capital requirements under the Basel II Capital Accord and ensure alignment with Basel III requirements.

Product and Process Assessment:

• Assess operational risks inherent in new products, activities, processes, and systems, particularly in treasury products, before their introduction or implementation.

Basel III Compliance:

• Assist the CRO/Deputy CRO/Head of Liquidity & Market Risk in Basel III compliance and manage any future changes related to Basel regulations related liquidity and market risk.

Reporting and Automation:

• Prepare internal MIS reports accurately and on time and automate such reports to the extent possible.
• Oversee market risk, middle-office and liquidity risk monitoring reports, ensuring timely submission to relevant committee, authorities and departments.

Stress Testing and Risk Monitoring:

• Conduct stress testing and scenario analysis for market risk, including interest rate risk and liquidity risk.
• Prepare maturity statements, assets and liabilities statements, and sensitivity analysis in a timely manner.

Liquidity Risk Management:

• Manage Basel III-related liquidity risk compliance, including adherence to LCR and NSFR.
• Ensure policies and processes are current and compliant with regulatory standards.

Asset and Brokerage Oversight:

• Regularly oversee asset management and brokerage functions to ensure compliance with bank norms and policies.
• Ensure that proprietary and asset management functions align with regulatory requirements and operate within set policy limits.

Risk Control:

• Ensure all risks related to market risk. Liquidity risk and middle-office functions are assessed, and appropriate controls are in place.
• Monitor the bank’s NOP (Net Open Position) to ensure it remains within approved levels and report any breaches
• Monitor other limits in-placed related to market risk and liquidity risk and report any breaches.

Stakeholder Engagement:

• Collaborate with DECOs, Heads of Departments, Relationship Managers, auditors, and regulatory authorities such as the Central Bank of Oman (CBO) as required.

Process Innovation, Automation & Digitalization:

• Drive continuous process improvement through innovative, automated, and digital solutions once required.

Business Control & Governance

• Ensure adherence to the bank's policies, regulatory requirements, and industry standards in all operational activities.

1. Self/People Development & Continuous Learning:

• Continually update oneself through knowledge acquisition, on-the-job training, or project involvement; advocate and support others to do the same.

Person Specifications

• Education: Degree in Business/ Finance/ Economics etc.
• Experience: Total years of experience 10 years and 5 years of relevant experience.