Position Title: Director for Policy, Market and Operational Risk.
Job Station: Other Countries.
INTRODUCTION :-
Director for Policy, Market and Operational Risk job opportunity is available at OPEC Fund for International Development for individuals who possess relevant qualification.
DUTIES AND RESPONSIBILITIES :-
- Lead and oversee the development, implementation, and maintenance of risk policies, processes, methodologies, and systems for managing all major risks in the OPEC Fund’s operations
- Oversee assessment, mitigation, monitoring, and reporting of major risks in treasury operations, including market, credit, counterparty, ALM, and liquidity risks
- Lead and oversee the development and implementation of risk analytics for managing market and credit/counterparty risks in treasury operations
- Provide advice and recommendations on asset allocation strategy taking into account the OPEC Fund’s liquid asset investment objectives, risk appetite, and risk/return profile of different asset classes
- Oversee performance measurement of the liquidity portfolios against set objectives, policies, and benchmarks
- Provide assistance and advice in relation to external fund managers, including selection, performance measurement, and assessment of investment strategies
- Oversee the development and implementation of valuation models for treasury liquid assets, borrowings, and related hedging transactions
- Lead and oversee assessment, mitigation, and monitoring of operational risks across all units at the OPEC Fund
- Lead and oversee development and implementation of workshops on assessment and mitigation of operational risks
- Lead and oversee development and implementation of IT support system for storing, monitoring, and reporting operational risk data
- Oversee periodic reviews and enhancements of risk policies, processes and methodologies
- Lead and oversee IT projects and other special projects to meet risk management requirements
- Oversee the development and preparation of the market and operational risk section of the quarterly risk management report
- Work closely with other departments within the bank to promote risk culture and improve risk compliance
- Develop and maintain relationship with key external stakeholders, including treasury counterparties, external fund managers, development financial institutions, and rating agencies
- Carries out other tasks assigned by the Senior Director, Risk Management Department
DESIRED EXPERIENCE & QUALIFICATION :-
- Master’s Degree or equivalent in either Business Administration, Finance, Accounting, Economics or related fields
- Minimum 15 years of investment, treasury, and/or risk management experience with global or regional banks, fund managers, or multilateral/bilateral development financial institutions with specific experience in market risk, fixed income portfolio management, operational risk, and policy development
Competencies:
- Extensive knowledge of financial concepts and quantitative tools of risk measurement and reporting, particularly in relation to fixed income portfolio management, funding operations, and operational risk
- Excellent understanding of treasury operations, fixed income portfolio management, cash and derivative markets
- Strong quantitative skills in the area of market and counterparty risk management and derivative
- Excellent verbal and written communication skills in English, including the ability to prepare and deliver coherent presentations; working knowledge of other major languages will be an added advantage
- Excellent interpersonal, analytical, leadership, and supervisory skills, as well as high level of integrity and drive for achieving results
- Proven negotiation and decision-making skills
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
Apply Before :-
Not Specified.
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