Vacancies: Market Risk Specialist, Operational Risk Specialist
The Central Bank of Nigeria (CBN) is Nigeria’s foremost financial system regulatory institution, with statutory responsibility for the overall control and administration of the monetary and financial sector policies of the Federal Government of Nigeria. One of the strategic objectives of the CBN, headquartered in Abuja, Nigeria, is to promote a sound financial system in Nigeria.
The Financial System Stability Directorate is seeking appropriately qualified Nigerians to join its team of professionals in the following roles:
Position: Market Risk Specialist
Responsibilities
- The specialist will be responsible for monitoring adherence to market risk management policies and ensure institutions’ are adequately protected against market risks; assess bank market risk management policies and systems including trading book and bank book assessment criteria, lending processes and eligibility criteria to confirm compliance with articulated market risk management policies and procedures, The candidate will be required to provide advice on interpretation and implementation of global financial industry market risk management guidelines and standards including local implementation of Basel II and III. The specialist will develop and execute a comprehensive supervisory program covering market risk management systems and practices of banks.
Qualification and Experience
- The candidate will have a deep understanding of Banking Operations (Domestic & International Operations), knowledge of risk modeling, knowledge of evaluation, of market risk management and Investment/ Portfolio Management
At the minimum:
- First degree/HND in Economics, Mathematics, Quantitative Methods, Statistics,
- Finance or related disciplines
- A post graduate degree is an added advantage
- Minimum of 6 years relevant experience in risk management. At least 3 years must have been spent in a management position for senior management role.
- Membership of the following professional bodies is an added advantage: Risk Management Association (RMA), Institute of Credit and Risk Management (ICRM)
- Possession of the following certifications is an added advantage: Advanced Credit Administrative Program (ACAP), Credit Risk Certification (CRC); Financial Risk Management (FRM).
Position: Operational Risk Specialist
Responsibilities
- The specialist will be responsible for monitoring adherence to operational management policies and ensure institutions’ are adequately protected against operational risks; ensure a consistent approach to identification and grading of operational risks ; provide advice on interpretation and implementation of global financial industry market risk management guidelines and standards including local implementation of Basel II and III; and establish industry data base on operational loss data and define data collection and sharing processes to ensure completeness and robust industry database.
Qualification and Experience
- The candidate will have a good background and understanding of operational risk frameworks and techniques, knowledge of appropriate IT systems for operational risk management, and be familiar with Internal Control Frameworks and documentation of risk and controls and performing validation.
At the minimum:
- First degree/HND in Economics, Mathematics, Quantitative Methods, Statistics,
- Finance or related disciplines
- A post graduate degree is an added advantage
- Minimum of 6 years relevant experience in risk management. At least 3 years must have been spent in a management position for senior management role.
- Membership of the following professional bodies is an added advantage: Risk Management Association (RMA), institute of Credit and Risk Management (ICRM)
- Possession of the following certifications is an added advantage: Advanced Credit Administrative Program (ACAP), Credit Risk Certification (CRG; Financial Risk Management (FRM)
Age: Age limit for all positions is 50 years.
Method of Application
Full descriptions and application details for these positions can be found at http://fssrecruitment.com
The Central Bank of Nigeria is an Equal Opportunity Employer and encourages applications from qualified and experienced women.
Applications will close at 12 noon (GMT+1) on Monday 7th May, 2012.
