Manager, Market & Liquidity Risk

Role Overview

This role sits in the second line of defence and owns the day-to-day running of the market and liquidity risk agenda for the country franchise. Working closely with Treasury, Front Office and Back Office Operations, the holder converts regulatory requirements and Group risk policy into practical limits, measurement approaches and reporting that keep trading and balance sheet activity inside the approved risk appetite. It matters because it gives management early, accurate sight of market, liquidity and interest rate risk before those exposures affect earnings or capital.

Key Responsibilities

• Run the market and liquidity risk function, contributing to the design and roll-out of liquidity risk, market risk and Profit Rate Risk in the Banking Book policies alongside the Enterprise Risk Management Framework, and monitoring business units against them.
• Oversee daily capturing, monitoring, controlling and reporting of the Bank's market and liquidity risk positions, verifying that reported figures reconcile to underlying P&L and risk drivers and remain within established risk appetite.
• Prepare risk papers and dashboards for the relevant management and board committees, covering exposures, limit utilisation and breaches.
• Support the quantification of liquidity and market risk under the ICAAP process, including scenario design, capital impact assessment and supporting documentation.
• Establish and calibrate limits covering VaR, sensitivities and stress testing in line with the Bank's overall risk appetite and individual desk mandates, and recommend dealer, exposure and other market risk limits.
• Investigate and explain movements in Trading Book regulatory capital, monitor counterparty credit risk in the trading book, and develop the metrics used to capture and manage it, such as Expected Positive Exposure and Potential Future Exposure.
• Build comprehensive stress test scenarios covering material market and liquidity risks, run them on the required regulatory cycle, and package the results for management decision-making.
• Partner with Treasury to implement the liquidity risk management framework, and work with Front Office and Operations on new products so key risk issues are identified and resolved before launch — including understanding desk trading strategies, products and markets, and constructively challenging hedging strategies.

Requirements & Qualifications

• Bachelor's degree in Economics, Finance, Mathematics or Actuarial Science.
• Minimum of 5 years' experience in financial institutions, with at least 3–5 years spent in a similar market or liquidity risk role.
• Certification such as FRM, CPA (K) or another relevant risk management qualification is desired; postgraduate study such as a CFA or MBA is an added advantage.
• Working knowledge of treasury front and back office processes, banking operations, and the products and processes that generate market, liquidity and interest rate risk.
• Strong quantitative and analytical ability, with proficiency in Excel and the capacity to interpret VaR, sensitivity, stress testing and counterparty exposure metrics.
• Demonstrated planning and organising skills, sound problem solving, and an innovative mindset for improving risk frameworks and internal controls.
• Strong written and verbal communication for committee reporting and stakeholder challenge, plus a team-oriented approach and a willingness to coach and mentor colleagues.
• Self-starter who shows initiative and can hold firm on risk positions while working constructively with revenue-generating desks.