Market Risk Analyst (UAE National Only)

Job Title: Market Risk Analyst
Department: Risk Management Market Risk
Location: Dubai, UAE
Reports To: Head of Market Risk / Risk Manager

Job Purpose:

To support the Market Risk function by monitoring, analyzing, and reporting the banks exposure to market-related risks, including interest rate risk, foreign exchange (FX) risk, liquidity risk, and investment portfolio risk. The role ensures compliance with the banks risk appetite, internal policies, and UAE Central Bank regulations.

Key Responsibilities:

1. Market Risk Monitoring & Analysis

• Monitor daily market risk exposures across trading and banking book portfolios.
• Analyze interest rate, FX, equity, commodity, and liquidity risk exposures.
• Track Value-at-Risk (VaR), sensitivities, stress test results, and limit utilizations.

2. Reporting & Controls

• Prepare regular market risk reports including daily, weekly, and monthly dashboards.
• Highlight limit breaches, risk trends, and potential vulnerabilities to senior management.
• Support the development of market risk control mechanisms and early warning indicators.

3. Stress Testing & Scenario Analysis

• Conduct sensitivity and stress testing on investment portfolios.
• Evaluate the impact of market movements on bank profitability and capital adequacy.
• Assist with ICAAP-related market risk analysis.

4. Liquidity Risk Management

• Monitor liquidity ratios, LCR/NSFR, funding concentrations, and cash flow mismatches.
• Support preparation of liquidity risk reports and contingency funding plans.
• Conduct liquidity stress testing as per regulatory guidelines.

5. Regulatory Compliance

• Ensure compliance with UAE Central Bank market risk frameworks and reporting requirements.
• Assist in preparing submissions for regulatory audits and examinations.
• Stay updated with market risk standards and regulatory changes.

6. Investment Portfolio Oversight

• Analyze performance and risk metrics for treasury and investment portfolios.
• Assess credit spreads, yields, and market valuation impacts.
• Provide recommendations to enhance risk-return profiles.

7. Systems, Models & Data Management

• Work with risk systems (e.g., Treasury systems, risk engines, market data platforms).
• Assist in the enhancement of models such as VaR, stress testing, and exposure calculations.
• Ensure accuracy and integrity of market risk data.

Qualifications & Skills:

Education & Experience:

• Bachelors degree in Finance, Economics, Mathematics, Statistics, or related field.
• 15 years of experience in Market Risk, Treasury Middle Office, or Financial Risk Analysis.
• Professional certifications (FRM, CFA) are an advantage.

Technical Skills:

• Strong understanding of market risk concepts (VaR, duration, convexity, sensitivities, EVE/NII, liquidity risk).
• Experience with risk systems, financial modeling, and market data tools.
• Advanced MS Excel skills; familiarity with Python/R is beneficial.
• Understanding of fixed income, FX markets, and derivatives.

Behavioral Competencies:

• Analytical mindset with excellent attention to detail.
• Strong communication and reporting skills.
• Ability to work under pressure and meet tight deadlines.
• Team-oriented, proactive, and disciplined.

Key Deliverables:

• Accurate and timely market risk reports.
• Regular stress test and limit monitoring outputs.
• Compliance with bank risk appetite and regulatory standards.
• Effective identification of market trends and risk exposures.