I&M Bank Market Risk Manager Jobs in Kenya

I&M Bank Market Risk Manager Jobs in Kenya


  • I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE).

  • The bank possesses a rich heritage in banking.

    REF MRM/05/2020: MARKET RISK MANAGER

    Job Summary

  • The role will support coordination and implementation of the Group’s market, liquidity and country risk management policies and processes.

  • The role will be expected to support the identification and evaluation of market, liquidity and country risks. .

    Key Responsibilities

    The Incumbent will report to the Chief Risk Officer and will be responsible for:

    • Management of the Market Risk Control function.

    • Assisting in the planning and implementation of the Liquidity, country risk and market risk policies, framework and internal controls, and ensuring its compliance by the different business units;

    • Participating in preparation of reports for the different Executive management and Board committees;

    • Leading and managing the implementation of the Basel framework requirements and internal governance, and overseeing the regulatory submission if any;

    • Leading and managing projects related to the Bank’s market risk framework;

    • Assisting in the liquidity, and market risk quantification under the ICAAP process;

    • Overseeing the daily capturing, monitoring, controlling and reporting of the Bank’s market and liquidity risks and ensuring these are reported accurately;

    • Ensuring detailed understanding of all P&L and risk drivers and ensuring compliance levels against established risk appetite.

    • Developing and implementing processes for the quality control of market data captured by the risk systems;

    • Suggesting, developing and implementing measures leading to a better risk management framework and improvement of internal controls;

    • Ensuring adequate limits (VaR, sensitivities, stress) and risk framework are in place aligning with the Bank’s overall risk appetite and desk mandates

    • Work closely with the Front Office, Middle Office and Back Office Operations to ensure key risk issues are highlighted and addressed prior to introduction of new products.

    • Identifying, monitoring and managing all market related risks across the trading desks

    • Recommending market risk limits(dealer limits, exposure limits etc) in line with the approved tmarket risk appetite of the Bank

    • Second line monitoring of the market risk in the trading book and conduct of the trading desks

    • Gaining an understanding of the trading environment in which the different desks operate,
    including the trading strategies, products, markets and liquidity and discussing and challenging the hedging strategies.

    • Investigating and explaining changes in the Trading Book Regulatory Capital

    • Monitoring and explaining changes in derivatives margins

    • Preparing monthly market risk reports for ALCO & EXCO

    Qualification and Competence Requirements

    • Experience of at least 5 years in of relevant professional experience in banking and/or financial markets.

    • Degree in Economics, Finance, , Mathematics, Actuarial Science or similar

    • Post graduate qualifications such as CFA and MBA will be an added advantage.

    • Exposure to Treasury Front Office/Back Office and General Ledger reporting systems

    • Fluency in English, with excellent oral and written communication skills

    • Proficiency in Excel to maintain, improve and develop reporting tools

    • Good understanding of Market Risk concepts and metrics (VaR, NII, scenario analysis, risk sensitivities, etc.), and governance frameworks

    • Thorough understanding of VaR, stress test methodologies and knowledge of valuation models for FX and derivatives.

    • Working knowledge of techniques to measure and manage interest rate risks arising from non-trading activities (IRRBB)

    • Strong knowledge of Capital Market activities and main instruments

    • Ability to analyse, summarize and present data/results

    • Strong quantitative, analytic and problem-solving skills

    • The ideal candidate is curious, detail-oriented, self-starter and communicates easily and openly.

    • Strong work ethic and commitment

    • Good interpersonal communication skills and ability to work as a team

    • Strong leadership and coaching skills

    • Flexible approach

    • Able to demonstrate a personal commitment to taking ownership and following up

    • Professional designation in CPA or ACCA will be viewed favourably

    How to Apply

  • If you believe you meet the above requirements forward your application to

  • recruit@imbank.co.ke.

  • Your application should reach us as soon as possible but not later than 22nd May 2020.

  • Please quote reference number followed by the position applied for in the application.

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