Associate Director - Financial Risk Management (10-15 yrs)

We are looking for Candidates who are based in India, ready to relocate to Riyadh, Saudi Arabia.

Job Summary:

The role covers the financial risk management (FRM) advisory, particularly the market and liquidity risk advisory practice.

The core focus of the incumbent is on interest rates, foreign exchange, balance sheet management strategies, and liquidity and funding risk analysis.

The incumbent must demonstrate solid quantitative and analytical skills and must be a logical problem solver who can justify the rationale for the solutions or recommendations presented.

The role will encourage cross-functional collaboration, working closely with the hedge advisory team, technology teams, and senior management.

Duties and Responsibilities:

Strategic:

- Assist company's management in formulating the company's future direction and supporting tactical initiatives.

- Monitor the implementation of the FRM Advisory Division plans.

- Mentor and supervise the associate members joining the team under the FRM Advisory Division and ensure that proper training is provided.

- Develop performance measures that support the company's strategic direction.

- Assist company's senior management in the daily routine business in all advisory division needs.

- Contribute to the success of the wider firm, Act with professionalism and integrity in all dealings with clients and colleagues.

- Working towards being a subject matter expert and contributing to the research in this evolving field.

Executive & Technical Duties:

- Understand the business nature and its working protocols.

- Manage and lead regulatory risk projects, ensuring timelines are maintained, deliverables are agreed upon, and effective communication is upheld with clients and internal stakeholders.

- Develop and maintain robust Market and Liquidity Risk Management frameworks, ensuring compliance with regulatory standards (e., Basel III/IV, LCR, NSFR) and alignment with business objectives.

- Lead the design, implementation, and monitoring of Treasury Risk Management strategies, including structural hedging to manage balance sheet risks effectively.

- Perform advanced Interest Rate Risk (IRRBB) and Foreign Exchange (FX) Risk analyses, leveraging quantitative methods to mitigate potential exposures and support ALM strategies.

- Develop and execute Market Risk measurement and monitoring processes, with a focus on scenario analysis, stress testing, and compliance with regulatory and economic capital requirements.

- Conduct Liquidity and Funding Risk Analysis, including cash flow projections, stress testing, contingency planning, and monitoring of key metrics such as liquidity buffers and regulatory ratios.

- Design and implement Funds Transfer Pricing (FTP) frameworks to support effective pricing, allocation of funding costs, and performance measurement across business units.

- Apply expertise in Liquidity Stress Testing, Recovery Planning, and contingency frameworks to enhance the organization's resilience against funding shocks.

- Ensure compliance with international banking regulations, including Basel frameworks, with specific application to Market and Liquidity Risks.

- Contribute to the development of Asset and Liability Management (ALM) frameworks and Balance Sheet Management strategies, ensuring alignment with regulatory and organizational objectives.

- Leverage general knowledge of Behavioral Modelling techniques, including deposit attrition, prepayment risks, and customer behavior analysis, to support ALM and liquidity planning.

- Demonstrate a general understanding of Quantitative Finance and its application to risk analysis, including: Macro-economic risk factor modeling and satellite models, Market risk factors in the risk-neutral framework, and Top-down balance sheet projections for stress-testing and reverse stress testing (aligned with IFRS 9 and ICAAP/SREP).

- Support the development, implementation, and validation of pricing models, ensuring accuracy and alignment with regulatory standards.

- Provide input into the ICAAP (Internal Capital Adequacy Assessment Process), Risk Appetite Framework (RAF), and stress testing programs, ensuring consistency with regulatory expectations.

- Contribute to the development and implementation of Market Risk, Credit Risk, and Pillar II Risk frameworks, with a focus on ensuring alignment with risk appetite and regulatory standards.

- Collaborate on Liquidity Risk Framework design for both economic and regulatory purposes, ensuring effective management of funding and liquidity risks.

- Assist in the execution of stress testing and reverse stress testing procedures, including scenario development and result interpretation for ICAAP, SREP, and Recovery Planning processes.

- Provide general support on macroeconomic satellite models and their integration into stress testing and forward-looking risk assessments.

- Offer input into Treasury and Risk Management strategies, ensuring integration of advanced risk analytics into decision-making processes.

- Support quantitative assessments of Pillar II risks, including concentration risk, interest rate risk, and funding risk, to aid regulatory and economic capital assessments.

- Assist in drafting and formatting clients' presentations, reports, proposals, and marketing/pitching material.

- Continually support the service delivery and client engagement process and ensure that our client service standards and the quality of output are being achieved.

- Prepare and share with clients daily/weekly/on-need-basis market commentary as per direct manager guidelines.

- Take full responsibility for the assigned mandates that are governed by the firm and accomplish related tasks based on direct manager guidelines.

- Maintain up-to-date market knowledge and awareness; Be able to project manage multiple tasks/engagements/transactions while maintaining a clear focus on detail and quality of service delivery against client deadlines.

Qualification: MBA/CA with 10+years of experience in any financial sector.