Manager: Market, Liquidity and Insurance Risk

EXPERIENCE REQUIREMENTS

• Minimum of 7 years’ related areas within the financial services industry, 4 years in Market and Liquidity Risk experience

ACADEMIC QUALIFICATIONS AND CERTIFICATIONS

Must-Haves

• Bachelor’s degree in Statistics, Risk Management, Finance, Banking, Accounting, Mathematics, Actuarial or a related field.

• Professional qualifications such as ACI (ACI Financial Markets Association), FRM (Financial Risk Manager), or CFA (Chartered Financial Analyst) or Actuarial certifications

Market Risk Management

• Maintain the Group Market Risk Management Framework and policies covering banking book and trading book exposures for the Bank and market/asset liability exposures for the Insurance Group.

• Ensure alignment with:

o Basel III/IV market risk standards (Bank)

o IFRS 17 investment risk requirements (Insurance)

o Central bank and insurance regulatory guidelines

· Develop and oversee methodologies for:

o Value at Risk (VaR), Expected Shortfall (ES)

o Sensitivity analysis (PV01, DV01, FX & IR sensitivities)

o Interest rate risk in the banking book (IRRBB): EVE and NII sensitivity

o Equity and property investment risk (Insurance)

o Duration, convexity, and ALM mismatches

· Monitor compliance with market risk appetite and limits:

o FX position limits

o Interest rate risk limits

o Trading book VaR/ES limits

o Investment portfolio limits for Insurance entities

· Identify emerging market and liquidity risks: FX volatility, interest rate shocks, credit spread widening, equity downturns.

· Produce monthly and quarterly market risk reports for Group ALCO, Insurance investments committees and Board Risk Committee

Liquidity Risk Management

• Maintain the Group Liquidity Risk Framework and policies, ensuring banking and insurance requirements are clearly differentiated.

• Ensure alignment with:

o LCR, NSFR, ILAAP expectations (Bank)

o Liquidity coverage, stress scenarios, and cashflow matching per insurance regulations (Insurance)

• Support Group wide liquidity stress testing across both the Bank and Insurance entities, incorporating:

o Market wide stress

o Name specific stress.

o Combined stress

o Large policyholders surrender risk (Insurance)

o Loss of wholesale funding (Bank)

ICAAP and Enterprise-wide Stress Testing

• Support the ICAAP framework, calendar, and end‑to‑end production across entities and the Group.

• Align ICAAP with business plan, risk appetite, and recovery options, ensuring credible capital trajectories and buffers.

• Coordinate cross‑functional contributions (Finance, Treasury, Credit, Market Risk, Model Risk, Strategy) and drive a strong use test (ICAAP informs decisions

• Design and maintain a Group stress testing policy and methodology (top‑down and bottom‑up), with severe‑but‑plausible scenarios.

• Calibrate macro paths (GDP, inflation, rates, FX, unemployment) and satellite models linking macro factors to losses, NII/EVE, RWA, capital, liquidity, and earnings.

• strategies and stakeholder needs.