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KEY RESPONSIBILITIES Assisting with Policy Formulation and Implementation:
Assisting with credit and market risk policy formulation and regular updates by providing information on the risk factors and metrics at ITFC, as needed.
Responding to queries on ITFC's credit and market risk policies and guidelines received from Trade Finance Department or Treasury, as required.
Monitoring adherence to ITFC's credit and market risk processes and procedures by conducting checks on the stipulated system and documentation requirements on a regular basis. Ensuring timely and complete adherence, and highlighting areas of concern to the Credit and Market Risk Manager for further review and action.
Monitoring Compliance with ITFC's Credit Risk Policies and Guidelines:
Conducting Portfolio Risk Reviews to examine credit risk exposure by monitoring lending limits, credit exposure per risk grade and sector concentration limits on ITFC's financing/investment portfolio. Highlighting emerging risk factors and instances of non-adherence to the Credit and Market Risk manager for subsequent action.
Preparing portfolio review risk reports at regular intervals, to report on the status of NPLs and provisioning and summarizing the credit risk position for ITFC. Highlighting emerging risk factors and concerns to the Credit and Market Risk Manager for further review and action.
Consolidating the data requirements and metrics required for preparing Quarterly Credit Risk Exposure Reports. Preparing the requisite analysis and documentation under the guidance of the Credit and Market Risk Manager.
Preparing special reports on request from ITFC Senior Management or the Credit and Market Risk Manager to examine specific risk factors associated with ITFC's financing/investment portfolio and funds/liquidity management activities.
Liaising with Trade Finance Department in order to ensure that all facilities at ITFC are rated as per the Credit Risk Rating and Scoring models. Following up in order to drive timely and accurate completion, and escalating instances of non-adherence for subsequent resolution.
Monitoring Compliance with ITFC's Market Risk Policies and Guidelines:
Responding to requests for additional data requirements and analysis required to develop and update market risk guidelines and procedures identifying permissible instruments, concentration of exposures and other parameters which will be critical in managing forex risk and liquidity in an optimal manner at ITFC.
Reviewing the functioning of the Treasury department in order to ensure adherence with ITFC's market risk guidelines and policies governing the management of liquid funds, Treasury investment and placement activities. Highlighting instances of non-adherence to the Credit and Market Risk Manager and per the standard procedures in the Division.
Consolidating the data requirements and analysis to assist the Credit and Market Risk Manager in putting limit approvals in place for the Treasury Department in a timely and accurate manner.
Consolidating the metrics to facilitate a daily review of the Treasury Department dashboard in order to monitor forex exposure and intra-day trading/investment metrics.
KNOWLEDGE, SKILLS & COMPETENCIES
Graduate Degree in Business, Finance or Economics
Post Graduate Degree: MBA or MSc with a specialization in Finance or Financial Economics preferred
Core Functional Competencies
Critical Thinking Skills and Analytical Ability – Intermediate
Credit Risk Policy & Parameters – Advanced
Portfolio Analytics – Advanced
Risk Scoring Models and Simulations – Advanced
Market Risk Guidelines and Policies – Advanced
Market Risk Measures and Instruments – Advanced
Commodity Risk Management – Intermediate
Credit Risk Evaluation – Intermediate
Strategic Risk Review – Intermediate
Customer Account Assessment – Intermediate
Report Writing and Analytics – Advanced Please refer to the ITFC Functional Competency Profile for this Department for a detailed understanding of the functional competencies applicable to this role
Engage Customers - Applying
Work as 'One-Team' - Applying
Communicate with Others - Applying
Drive for Results – Applying
Serve with Respect & Compassion – Applying
English is compulsory
Arabic or French are preferable
Years of Experience
For graduates: 3-5 years overall
For post graduates: 1-3 years overall
Nature of Experience
Prior experience in Credit Risk or Market Risk, preferably in an Islamic Banking set up