Risk Officer

My client is a leading international Corporate Bank looking to recruit a Risk Officer to ensure adequate risk oversight of the business of the Branch.

Principal Accountabilities

• Identify and monitor the Branch’s risks (Liquidity, Market, Credit, Operational, Legal);
• Analyse risk reports generated by the risk reporting systems (RiskWatch and ARA) to produce regular or ad-hoc management information;
• When required liaise with the traders, risk management department in Head Office and other areas to ensure adequate flow of information are in place to produce correct and timely risk reports;
• Investigate unexpected variations in VaR and other risk measures, liaising with Head Office to clarify and or correct any problems that may have potentially caused an erroneous reported figure;
• Prepare/Collect the required risk reports to be presented/discussed in Committee meetings;
• Carry out the required risk analysis, and present findings to Management.
• Review annually or as deemed necessary the risk related policies, procedures and contingency plans and propose improvements/updates to reflect best practices;
• Perform periodic checks to ensure that our counterparty risks are correctly and timely reflected in the branch´s systems.
• Perform the monthly mark to market of derivatives for clients that demand such periodic information;
• Monitor the MtM of positions related with ISDA/CSA agreements in place and advise the traders and Operations of margin call requested/needed, liaising also with Head Office on Multi-branch agreements;
• Ensure the maintenance of the limit structure approved by the Committees as well as the counterparty credit limits within Siena, and the subsequent monitoring of these with the traders and writing up memos on any potential/or/ true breaches or issues arising;

• Assist Traders with any “sensitivity” analysis and “what if” scenarios simulations;
• Monitor end of day liquidity within the limits set by the policies and by the regulator, if any;
• Identify the Branch’s liquidity scenarios (including at least one base scenario) with Treasury and Management and perform the liquidity projections under these scenarios, for liquidity management purposes as well as to comply with HO and regulatory requirements;
• Prepare the required documentation and reports needed to fulfil the Branch’s requirements under the regulators liquidity regime in a timely and correct manner, with the cooperation of Head Office departments involved;
• To monitor financial market conditions and prepare periodic financial market reports;
• Aggregating and analysing risk events reported by the business units into the Basel 2 categories.
• Performing a monthly reconciliation between the risk events reported to Management;
• Performing root cause analyses on identified risk events to recommend improvements to prevent these risk events from re-occurring in the future;
• Assisting the Principal Risk Owners with the identification of key risk indicators in their business units;
• Collect and collate all operational risk self-assessment forms and elaborating potential mechanisms to mitigate the risks identified.
• Monitoring the implementation of action plans to address medium and red key risks on the risk and control self-assessments/risk registers;
• Analysing identified trends in the key risk indicators reported to Management;
• Develop and maintain a good working relationship with the risk personnel in the regulatory bodies relevant to the branch
• Keep abreast of risk related regulatory change proposals and advise on actions that may be required to be taken by the Branch;
• To be aware of political, economic and financial developments worldwide and to advise the DGB and GM on the markets;
• Communicate, liaise, and negotiate internally and externally to facilitate the development of sustainable relationships;

Ability to speak Portuguese is highly desirable