The Financial Risk Management Officer will be responsible for properly identifying measures and evaluates the major market risks, credit risks, liquidity risks as well as other financial risks of the bank under the Basel III framework and DNB regulations. He/she explains and communicates the main findings to the management and the relevant departments to build common understanding of the risk positions of the bank.  

Job descriptions:  

• Quantitative Analysis: Perform quantitative analysis to investigate the issues the bank is facing. Draw conclusions or make suggestions with support from data or financial modelling

• Bank-wide risk analysis: Economic Capital usage, Risk Appetite and Stress Testing. Related to these topics, increasing efficiency in IRR, Liquidity & Market risk models and processes by actively participating in the ICAAP / ILAAP and developing and implementing stress tests as per the regulatory guidelines

• Model Maintenance and Development: Contribute to the enhancement of the financial risk management process through the recalibration, development and maintenance of the financial risk models and risk assessment methodologies – following the Basel III and the DNB guidelines

• Internal Reporting: Prepare periodical reports regarding the assessment of the major risks (market risk, liquidity risk, etc.) under the responsibility of Risk Management Department

• Documentation: Prepare formal model documentation, risk management framework and risk control policies. Also make preparations for both internal and external audit

• Management Assistant: Communicate and explain the main outcomes from the risk analyses to the management. Assist the management in ensuring compliance with bank and regulatory standards and develop responses to emerging regulation
   

 Profile:

• Bachelor/Master Degree in Finance, Mathematics, Statistics, Economics or related field
• Minimum 3 years working experience in the banking sector, general knowledge about banking and Basel Framework Strong quantitative and analytical skills combined with strong reporting skill
• Experience of stress testing, financial modelling or risk reporting
• Strong background and experience working with complex MS Excel spreadsheets (including VBA) while familiarity with SQL are a plus
• Highly motivated with ability to learn and understand various business lines and their functions within the organization
• A Professional Designation in risk/finance (FRM, PRM or CFA) would be an advantage
• Trustworthy and aware of confidentiality of information
• English; fluent both verbally and in writing