Overview

Wema Bank Plc – Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

Job Position: Team Member, Trading Market Risk

Job Location: Lagos

Job Description

  1. Team Member, Trading market risk will be responsible in identifying, assessing, monitoring and controlling or mitigating risk.
  2. Scanning financial markets for relevant data to positions held by the bank, both financial and regulatory.

Job Responsibilities

  1. Monitor changes in Interest rate, foreign currencies, commodities, and other risk factors and determine their impact on the Bank’s trading portfolio.
  2. Monitoring compliance with agreed trading limits and report same to the Head, Market & Liquidity Risk Management.
  3. Preparation of daily, monthly, and quarterly reports for management, ALCO, and Board Risk Committee on trading market risk
  4. Measurement of market risk and portfolio sensitivities to risk factors by calculating Value-At-Risk (VaR), duration, scenario, and sensitivity analysis.
  5. Maintain key rates for yield curves for daily valuation of the bank’s trading and banking book.
  6. Maintenance of historical trading market risk data
  7. Preparation of market risk capital charge for capital adequacy ratio returns.
  8. Support preparation of trading market risk stress testing report
  9. Circulation of reports to concerned parties and escalation of issues whenever the need arises.
  10. Performs any other task or duties as assigned by the Head, Market & Liquidity Risk Management.

Job Requirements
Academic background:

  1. Bachelors in any of Banking and Finance, Finance, Accounting, Economics, Statistics, Mathematics, Engineering, or any numerical field.
  2. MSc, MBA, CFA, FRM, ACA or any relevant
  3. Professional certification is an added advantage.

Requisite experience:

  • 1 – 3 years market risk and/or treasury experience.

Application Deadline
18th January, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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