AVP – Market & Traded Credit Risk

Job Purpose :

Support and work closely with the Head Market & Traded Credit Risk to develop and implement market & traded credit risk management policies, processes, computations and procedures.

Key Result Areas

The job holder would oversee the following results areas:

• Ensure compliance to CBUAE’s ‘Regulations & Standards’ on matters of Market Risk and/or Counterparty Credit Risk (if required).

• Enhance and periodically track the KPIs included in the TCMs ‘Risk Appetite Statement’ (RAS) as set by senior-management/Board.

• Ensure appropriate valuation techniques are being applied on products/instruments subject to mark to market mechanism (fair value through profit & loss accounting) including assessment of need for any fair valuation reserves, credit valuation adjustments, prudent valuation adjustments etc.