Market Risk Officer at Development Bank of Rwanda (BRD): (Deadline 31 May 2022)

Market Risk Officer at Development Bank of Rwanda (BRD): (Deadline 31 May 2022)

Market Risk Officer at Development Bank of Rwanda (BRD): (Deadline 31 May 2022)

Vacancy Announcement

The Development Bank of Rwanda is Rwanda’s only National Development Bank mandated to support Rwanda’s development goals. Over the last years, the bank has undergone substantial re-organization aimed at positioning it as an “innovative and sustainable provider of development finance for socio-economic impact”.

To achieve this vision, the bank’s new strategic plan (2018-2024) has outlined 3 key strategic themes.

  • Operational Excellence: Continuous improvement of our credit and risk management system, financial performance and customer services.
  • Strategic Partnerships: Forming strategic partnerships to deliver our mandate is a key component of our core activities.
  • Dynamic Culture: Continuously improving our pool of knowledge to have the most competent and skilled employees.

BRD is committed to respecting gender equality and disability norms. We promote gender responsive practices. Qualified candidates particularly females and persons living with disabilities are encouraged to apply.

To help accomplish this ambitious and exciting vision, the Development Bank of Rwanda (BRD) would like to recruit a suitable qualified candidate to fill the following position:

MARKET RISK OFFICER (1)

1. Background Information

Job Title: Market Risk Officer

Current Grade: JG 6

Department: Risk

Reports to: Risk Manager

Direct Report: N/A

Indirect Reports: N/A

2. Contract Terms – Open Ended

3. Purpose of the Job

To Identify, assess/measure, monitor and report to the line manager the Bank’s exposures to market risk

4. Main Responsibilities of the Job

  • Work as a key resource in assisting with the management of the market risk control function in the pursuit of its targets.
  • Develop market risk management framework, policies and procedures and ensure their adherence by business lines.
  • Collate relevant data and prepare market risk reports to ALCO and other bank’s committees as may be required from time to time
  • Identify, measure and treat emerging market risks
  • Take ownership of key responsibilities and be a problem solver.
  • Prepare market risk components related to ICAAP and ILAAP
  • Support the line manager in managing market risk and ensure exposures to market risk do not threaten the bank’s capital adequacy
  • Ensure detailed understanding of all P&L and risk drivers.
  • Review processes for the quality control of market data captured by
    the core banking system.
  • Respond to ad hoc requests from the business, risk management or regulators.

5. Working relationships 

  • All departments

6. Professional, academic qualifications and experience

  • Experience of at least 5 years in similar function in the Market risk function
  • Degree in Economics, Finance, Management, Mathematics or similar field.
  • Fluency in English, with excellent oral and written communication skills.
  • Proficiency in Excel to maintain, improve and develop reporting tools.

7. Core competencies

  • Good understanding of Market Risk concepts and metrics (VaR, EVE/NII, scenario
    analysis, risk Scenario and sensitivity analysis etc.), and governance frameworks.
  • knowledge of Capital Market activities and main instruments
  • Ability to manipulate, analyze, summarize, and present data/results
  • Strong quantitative, analytical, and problem-solving skills
  • The ideal candidate is curious, detail-oriented, self-starter and communicates easily
    and openly.
  • Strong work ethics and commitment
  • Good interpersonal communication skills and ability to work as a team.
  • Able to demonstrate a personal commitment to taking ownership and following up
  • Experience with a Development Financial Institution is an added advantage

Application Guidelines: 

Interested candidate should apply online (https://www.brd.rw/careers/and upload application documents including Curriculum Vitae, copies of degree certificates and professional certificates, motivation letter, names of three previous supervisors (as one document) as well as their emails and telephone

Only online applications shall be considered. 

Email only for inquiries (not application): recruitment@brd.rw

Address all applications to the Head, Human Capital and Corporate Services of the Development Bank of Rwanda. 

Deadline for application: Tuesday 31st May 2022

The employment package is highly competitive/attractive. 

Due to expected high volume of applications, ONLY shortlisted applicants will be contacted. 

Done in Kigali, Tuesday 17th May 2022

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