Market Risk Control Officer

Ecobank - Togo (Togo)

Reference 1300000R

Type of Contract Autre contrat

Education Voir annonce

Work Experience Première expérience requise

Position n° 141

Logo Recruteur

 

About the employer / working context

Ecobank is the largest bank in Middle Africa operating as ‘One Bank’ across 33 African countries with the dual purpose of building a world-class pan-African bank and contributing to the economic and financial integration and development of Africa.   We provide wholesale, retail, investment and transactional banking services to governments, financial institutions, multinationals, local corporates, SMEs and individuals.  The bank has over 18,500 employees, 1200 branches and total assets of $20 billion.  Our three strategic priorities are:

  • Providing world class customer service, embracing technology to offer convenient, accessible and reliable banking
  • Building shareholder value by taking a long-term strategic view and monetising our unique presence in Middle Africa
  • Becoming an employer of choice by attracting, retaining and growing Africa’s best talent

Duties and Responsibilities

Market Risk Control Officer

 

Key responsibilities :

  • Work with the Business Units, Controllers & Operations to ensure trades are correctly booked in systems, with the correct attributes; thus, ensuring the generation of accurate market risk exposures.
  • Analyze profit and loss exceptions to determine their validity and provide a first level review for the Market Risk department.
  • A comprehensive adherence to rate reasonability process in consultation with Treasury and Market Risk to verify that transactions are executed within an acceptable price range around the prevailing market price.
  • Compare open positions to approved limits, and the Risk Taking Unit’s blotters/position reports to the affiliate’s books and records to ensure accuracy and completeness of daily and monthly market risk data
  • Reconciliation of profits and losses computed from risk and accounting systems.
  • Ensure all processes and procedures are duly documented in the department operating manual
  • Monitor market risk limit excesses and completeness of market risk sign-offs.
  • Partner with Product controllers to understand market movements and other profit and loss events as they pertain to backtesting, ensuring accurate profit and loss reporting
  • Gain a detailed  understanding of the trading strategies used across the business and the risks they generate
  • Be the first point of contact for front office (FO) on data integrity related issues
  • Ensure operations in the dealing room are done according to approved standards
  • Provide support for broader market risk control issues.

Job Qualifications & Skills / Selection Criteria

Qualifications

  • Experience as a market risk controller/professional in a dynamic international commercial bank, investment bank or financial consulting firm.
  • Deep understanding of financial markets and experience in analyzing FX, fixed income securities, interest rate and forward contracts.
  • Familiar with International Financial Reporting Standards (IFRS), especially as they relate to classification of investment securities.
  • Excellent investigative, problem solving, reconciliation and analytical skills 
  • Financial modeling and analytical skills.
  • Strong MS Excel skills and ability to learn new systems quickly.
  • Excellent communication and presentation skills.

 

Job COO (inc. compliance, internal control)

Primary Location: UEMOA-Togo

Closing Date: Ongoing

Additional Information about the position

Position Type: Temps plein

Working Hours: Horaire normal