Market Risk/ALM Specialist

Job title: Market Risk/ALM Specialist

Company: Komerční banka


Job description: About the Role:As a Market Risk/ALM Specialist joining our Market and Structural Risk department you will be involved in analyzing, monitoring and supervision of all market risks associated with core banking activities of Komercni banka and its entities. These risks include mainly liquidity risk, interest rate risk and the risk of FX rates changes.In this role you will contribute to creating a sound environment for managing market risks incl. risk drivers identification, methodology development and its implementation (both, internal and regulatory based), data processing and their seamless transformation into risk metrics, monitoring and analysing of those risk metrics, framing of risk limits and monitoring of limit utilizations.Key Responsibilities:

• Monitoring, analysing and validation of market risk metrics in the area of:
• liquidity risk management (liquidity gaps under normal and stressed market conditions, rapid liquidity indicators, regulatory ratios like LCR and NSFR),
• interest rate risk management (wide-range of IRRBB indicators measuring sensitivities to changes in interest rates and their components) and
• FX risk management (variety of representations of the Bank’s open FX positions and Value at Risk stemming from those positions).

• Assessment of limit proposals and their calibration, monitoring of limits utilizations. Validation of remediation plans in case of limit breaches and monitoring of the remediation actions.
• Review of documentation and methodology for steering the market risks and ensuring its compliance with regulatory requirements and guidelines, and further with internal needs and group-wide norms and conventions (specified by Société Générale – the parent company of Komercni banka and one of the world’s leading investment banks).
• Contribution to regulatory exercises like definition of the Risk Appetite Statement, Contingency Funding Plan, Internal Capital and Liquidity Adequacy Assessment Process, Supervisory Review and Evaluation Process, EBA/CNB stress testing etc.

Qualification:

• Min. 2 years of experience preferably in a similar position (market risk management of banking book, asset-liability management, treasury) or a position related to trading/portfolio management/other financial markets activities.
• Master degree in finance, mathematics or technical field.
• Czech – speaker level, English – advance (min. B2) level. Both will be used on daily basis.
• Analytical and solving skills to get things done.
• Good verbal communication skills with the flexibility to communicate and build relationships with cooperating departments (Treasury, ALM, Reporting, Accounting).
• Curiosity, enthusiasm, self-motivation, stress tolerance and ability to work independently and under time pressure
• High sense of teamwork.

Technical Knowledge:

• Knowledge of core banking and financial market products and their valuation.
• Awareness of accounting principles and financial reporting.
• Market risks management methodologies (calculation of sensitivities, VaR, liquidity modeling, stress testing)
• Advanced Excel (must-have), VBA and SQL (nice-to-have)

Other benefits you will enjoy:

• 6 weeks of paid leave (25 vacation days, 1 birthday day, 3 sick days, 1 volunteer day) and 5 additional days of paid leave for persons with disabilities and 4 additional days of paid leave for single parents annually
• Meal plan flat rate in the value of CZK 123,9 for each day worked (total up to CZK 27,878 per year)
• Cafeteria worth a total of 15,000 points/year – you choose how to use it
• Flexible working hours – you can combine work in the office and from home by agreement
• Bonus evaluation according to the target position
• Education – we offer a selection of courses for personal and career development, e.g. via the MyLearning platform, selected Seduo courses or by accessing online platforms such as RedButton, Coursera and others
• A monthly allowance of CZK 4,000 if an employee returns early from maternity/parental leave
• Multisport card
• Contribution to supplementary pension savings in the amount of 3 % of the awarded basic salary according to the contract; the minimum amount of the employer’s contribution is CZK 1,400/month, the employee’s mandatory contribution is CZK 100/month.
• Fully paid employee risk life insurance
• Discounted banking products incl. mortgage and Gold card with travel insurance and assistance for car and household
• Discounted telephone tariff
• Recommend a new colleague and get a reward of up to CZK 60,000
• But the list does not end there. We will be happy to present the other benefits to you during the interview

Work at KB:Work-life balance, a career path, certainty and stability. We guarantee you a stable and secure job that will allow you to grow over the years. And you can get high on the career ladder. There are many top managers at KB who have worked their way up.Working at KB will open up career opportunities you haven’t imagined. Thanks to a sophisticated education system, you can develop your talent into completely new areas, outside your original focus.In our bank, each of us takes full responsibility for our tasks. We also take sustainability seriously. We use Škoda Enyaq electric cars, ride bikes to work, eat food from sustainable sources, and volunteer to make this a better world.As part of the SMART OFFICE concept, we are in the office 1 or 2 days a week, and work from home the rest of the week.Our working hours, outside of “core hours” when we have to be available, are arranged to fit with our individual preferences, in agreement with the manager and taking into account the team situation.

Expected salary:

Location: Praha

Job date: Sun, 26 Jan 2025 01:43:18 GMT

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