Section Head Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank is currently searching for qualified and competent candidates for the role of a Section Head Treasury, Market and Liquidity Risk. The incumbent will be responsible for developing, implementing and monitoring a suite of market risk methodologies, models and metrics to ensure that the bank’s exposure to market risk is maintained within Board approved limits and regulatory requirements. 

Responsibilities of A Section Head

Risk Limits Monitoring

• Support in monitoring exceptions and breaches of prescribed market risk and counterparty risk limits in order to initiate remedial action. 

Trading Book Valuation and Provisions

• Obtain market data from internal/external sources and conduct vetting of system generated derivative valuations. 
• Develop, implement and monitor control measures to ensure dealer trading remains within individual limits and is restricted to approved derivatives and currencies. 
• Conduct derivative value calculations to determine the appropriate financial provision. 

Banking Book: Liquidity and Interest Rate Risk

• Develop and implement models to measure the bank’s liquidity risk and conduct stress testing to ensure the bank maintains adequate levels of liquidity aligned to Board and Basel requirements.

New Product Assessment

• Review new derivate products proposed by Treasury to ensure that the valuation methodologies and risk models used are appropriate.

Internal and External Reporting

• Provide input into market risk reports on improvements to banking and product strategies in order to minimize the bank’s exposure to market risk.

• Ensure market settlement also calculate and submit counterparty risk capital
•  to the Central Bank in order to demonstrate compliance to Central Bank requirements. 

Advice and Guidance

• Provide advice and guidance to business units to assist in validating methodologies and models, interpretation of policies, and execution of market risk processes and principles.

Research

• Conduct research on industry leading best practices and recommend improvements to ensure that the bank’s market risk methodologies and models are continuously developed and refined. 

Budget Management

• Contribute to the preparation of the business area’s budget, manage and monitor the financial performance against the budget so that areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalized upon.

Qualification Requirements for Role of Section Head

• Bachelor’s Degree in Statistics, Mathematics, Finance or Commerce.
• CQF, FRM or equivalent professional risk management qualification.
• At least 8 years of experience in a market risk department of an international financial institution.

Knowledge and Skills Desired

• Foreign exchange markets, money markets, derivatives.
• Fixed income, structures and liquidity risk management.
• Treasury risk modeling and analysis.
• Local and international banking regulations and compliance requirements.
• General risk management methodologies.
• Knowledge of BLOOMBERG and REUTERS.
• Advanced Proficiency in MS Office suiite of products Including VBA Macro Programming.
• Written and Spoken English.
• Analytical Skills.

Job ID

• JB4829055

Procedure to Apply

If you are a dedicated and visionary, we encourage you to apply for the position of Section Head  at Abu Dhabi Commercial Bank. By clicking the ‘Apply Now’ button you will be redirected to official registration form. Once you are on registration portal, complete your profile by adding your personal and professional details. You will also need to upload your updated CV & other relevant documents. Finally, follow instructions provided to complete the application process. Good luck!

Head of Lab Services NMC Corporate Alain Tower Abu Dhabi