Expert - Market Risk - MENA

Expert - Market Risk - MENA

At Outsized, we match clients in financial services and management consulting to high-quality independent consultants and boutique/specialist firms for the execution of their key projects.

Our client is a prominent consulting firm, currently seeking a Market Risk Specialist with 6 to 10 years of experience to join their teams in the Kingdom of Saudi Arabia (KSA), and Dubai, UAE. The successful candidate will play a pivotal role in analysing financial instruments, calculating risk metrics, and ensuring compliance with financial regulations, contributing significantly to the client's risk management strategies and operations. This is initially a 6-month contractual role with a high probability of being extended or converted to a permanent role.

Responsibilities:

Market Risk Exposure Assessment: Conduct assessments of market risk exposure across equities, fixed income, derivatives, and currencies.

Risk Analysis and Measurement: Utilize various risk metrics, including value-at-risk (VaR), to measure and report on market risk. Prepare comprehensive risk reports for senior management and regulatory authorities.

Risk Model Validation and Review: Validate and review risk models for market risk measurement and stress testing to ensure accuracy and reliability.

Stress Testing: Perform stress tests to evaluate the resilience of portfolios and trading positions under extreme market conditions.

Regulatory Compliance: Stay informed about financial regulations related to market risk, including FRTB, CVA, and SIMM, and ensure all practices comply with these standards.

Areas of Expertise & Skills:

Experience: at least 5 years in market risk management, with expertise in valuation, FRTB, CVA, PFE, and SACCR.

Knowledge: A deep understanding of regulatory frameworks and principles of market risk management, financial markets, instruments, and trading strategies.

Skills: Excellent communication abilities, strong quantitative and analytical skills, and the capacity to convey complex information clearly and effectively.

Qualifications:

Education: A Master's degree in Finance, Economics, Mathematics, or a related field.

Certifications: Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) will enhance the candidature.

This opportunity will be on an initial 6-month contract and is extendable basis your performance and scope of work. There are 2 openings, one in Riyadh, KSA and another in Dubai, UAE. The selected professional will have to be present on-site for the duration of the role.