Job Title: RISK ANALYST II

Applicants are hereby invited to apply for the position of Risk Analyst II (Non-Management Grade 7) at our Group Market Risk Unit.

Applications are to be submitted on or before October 31, 2025.

JOB SUMMARY

The incumbent is responsible for assisting the Risk Manager with the execution of the Market Risk Management process, which involves playing a lead role in identifying, analyzing, and managing the market risks associated with the local and regional First Citizens Investment Services Limited (FCIS) investment portfolio, as well as managing the data for monitoring and reporting requirements of the Investment Services, while providing input and recommendations for new investments. He/She will also be responsible also for keeping abreast of current global market events that can impact on the investment portfolio as well as providing timely information and analysis to support risk management in the Company.

KEY DUTIES AND RESPONSIBILITIES

• Reviews and authorizes all daily transactions for processing on the operating software system pertaining to FCIS Securities, Reverse Repurchase, Promissory Note, etc.
• Performs analyses for new investment proposals and existing investments such as Eurobonds, Structured Products, Domestic Issues, etc. with specific focus on market, liquidity, credit and interest rate risks as well as makes recommendations to the Risk Manager - Investment Services (including Group Market Risk Manager, where necessary) while identifying potential risk to inform investment decision making on behalf of Investments Services
• Performs credit reviews on all new and existing Corporate credits (locally/internationally) on Investment Services’ investment portfolio and prepares related proposals for approval on a timely basis
• Researches, analyses, recommends and monitors hedging strategies for the mitigation of losses for the Investment Services proprietary portfolios and evaluates the impact on profitability and capital
• Researches, analyses, recommends and monitors new corporate investments for the proprietary portfolio as well as new capital markets transactions including Underwriting and Best Efforts
• Scans news websites and financial databases to monitor and reports on any major market risk events (regional and international) that can adversely affect the Investment Services portfolios
• Monitors various reports (generated reports/investment software system) to ensure Investment Services comply with Investment Policy Statements (IPS) and Risk Policy Manuals as well as escalates all breaches promptly to the Manager
• Develops and prepares monthly/ quarterly/ annual risk reports for review by the Risk Manager and onward submission to the various Management Committees and Board of Directors of the Investment Services as well as produces other management reports, as requested
• Conducts qualitative and quantitative assessments such as Stress Tests, Value at Risk and Scenario Analysis on the various Investment Services portfolios on a daily and monthly basis and monitors results against targets
• Develops financial models using econometric or statistical software such as Eviews, Excel and Visual Basic for Applications (VBA) programming for the purpose of analyzing new investments and structured products
• Prepares and submits articles on investment and financial issues to Management for review and publication in electronic and print media
• Attends selected meetings and committees with the Manager as well as represents the Department at related meetings and committees to ensure that there is Risk Management input and perspective as required
• Collates data on operational risk activities obtained from various departments and analyzes data in order to compile Operational Risk Report/s for review and onward submission to the Operational Risk Committee as well as records minutes at related meetings and follows up on action items
• Engages in marketing of the Group’s products and services
• Responds to customers’ requests, enquiries, incoming and outgoing calls, both local and foreign, in a courteous and timely manner consistent with operating standards and escalation to Manager where necessary
• Completes special projects and other related activities as assigned by the Manager

QUALIFICATIONS AND EXPERIENCE

• A Bachelor’s Degree in Mathematics, Statistics, Finance, Economics or equivalent qualification in a related field
• CFA - Level 1
• A minimum of three (3) years work experience with at least two (2) years experience in Risk Management or related field from a financial institution or brokerage house
• Indepth knowledge and understanding of market, credit and liquidity risk concepts and tools
• Indepth knowledge of financial instruments such as fixed income, equities, derivatives, etc.
• Indepth knowledge of Bloomberg Analytical Software, Econometric and Statistical Software such as Eviews
• Strong oral and written communication, time management and presentation skills
• Analytical, conceptual, research, negotiating and problem solving skills
• Ability to use initiative, work independently and exercise sound judgment
• Ability to read, analyze, interpret, and use complex financial documents and forms
• Proficiency in Microsoft Office Suite including basic VBA programming
• Knowledge of the Group’s Operating Software Systems, Products and Services