Market Risk Analyst

Role Overview

The Market Risk Analyst will play a key role in applying advanced market risk practices at Doha Bank to strengthen risk measurement and mitigation techniques. This position involves supporting the management of market risks that arise due to shifts in various market metrics such as interest rates, exchange rates, volatilities, and equity prices. The analyst will be responsible for identifying market variables and completing regulatory risk tasks aligned with ICAAP and Basel II standards. Additionally, the analyst will evaluate the Bank's market rating relative to competitors.

Primary Responsibilities

• Support implementation of robust market risk frameworks for assessing, monitoring, and controlling market risks in alignment with industry best practices, internal policies, and regulatory frameworks including Qatar Central Bank and relevant international regulators.
• Assist with enforcing the Bank’s Market Risk Policy by managing exposure limits tied to capital utilization and risk exposure, and help apply these limits across individual business areas.
• Aggregate data related to portfolio management and MIS information from market risk sub-functions such as Asset Liability Management and sensitivity analysis teams.
• Help prepare accurate, comprehensive market risk reports for dissemination to business units and senior leadership for informed decision-making and corrective measures.
• Develop comprehensive risk profiles accurately reflecting the inherent risks businesses face and ensure these profiles align closely with market changes.
• Verify that all risk approvals adhere strictly to the Bank’s policies and Qatar Central Bank guidelines, including conditions intended to mitigate exposure to market risks.

Educational Background and Experience

• University degree in Business, Banking, Finance, or a similar relevant field is required.
• A master’s degree in a related discipline is advantageous.
• 5 to 8 years of professional experience in the financial services or banking sector with a focus on market risk functions.
• Direct experience in managing market risk is essential.

Certifications

• Preferred qualifications include professional certifications such as PRM, FRM, CFA, or ICFA.
• Qatar Financial Sector Qualifications Framework (QFSQF) Level 3 certification is required.

Additional Skill Sets and Knowledge Areas

• Familiarity with financial mathematics and engineering concepts, critical for comprehending complex derivatives, Fundamental Review of the Trading Book (FRTB), and other sophisticated market risk metrics.
• Programming proficiency in Python.
• Experience with Value at Risk (VaR) and expected shortfall modeling techniques.
• Knowledge of counterparty credit risk and Potential Future Exposure (PFE) methods.
• Skills in portfolio management and related reporting.
• Understanding of liquidity risk management principles.
• Familiarity with Market Risk Management practices, including Interest Rate Risk in the Banking Book (IRRBB).
• Experience using Bloomberg terminals and treasury systems.
• Exposure to Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP).