Analyst I

The incumbent will be required to measure and report on risk in the Group’s investment portfolio using agreed metrics and reporting formats.

Job Summary

The incumbent will be required to measure and report on risk in the Group’s investment portfolio using agreed metrics and reporting formats. He/she will be required to provide analysis and support for transactions requiring risk approval and provide general support to the Management of First Citizens Asset Management and work closely with First Citizens Investment Services Risk Department and the Bank Risk Officer. The incumbent will also keep abreast of current global market events that can impact the Groups portfolio and provide the Group Market Risk Manager with information and analysis to support the management of risks in the company.

 Duties and Responsibilities

• Gather data of information and reports from FCAM to facilitate the monitoring of Group portfolio limits on a daily basis
• Work with the other members of the Group Market Risk team to ensure compliance with established Group level market risk policies and product programs
• Perform analysis and provide recommendations to the Management of FCAM and Group Risk Manager for new trade investments and hedging strategies
• Monitor and report on daily and monthly portfolio movements for the Company’s Investment portfolio
• Calculate and report on various Risk measures such as Value-at-Risk (VaR), Stress Testing and Capital Adequacy at a group level
• Provide analysis and support for transactions requiring approval of the Group Market Risk Manager (and AGM Credit Admin where necessary) to ensure timely approval of new investments
• Prepare timely  risk reports for FCAM, Senior Management, ALCO and other Management Committees for review by the Market Risk Analyst II and/or Group Market Risk Manager
• Provide Financial model building using software such as E-views, Excel and basic VBA programming for the purpose of analyzing new investments and structured products
• Write articles for FCAM, FCIS and other Bank publications as well as financial section of the local newspapers
• Monitor and report on any major market risk events (regional and international) that can adversely affect the proprietary portfolio
• Assist the Group Market Risk Manager and General Manager FCAM with any project work that may be required

 Qualifications and Experience

Candidates must possess a Bachelor’s Degree in Mathematics, Finance, Economics or another related discipline and a minimum of three (3) years experience with at least two years (2) experience in Risk Management or a related field from the Bank or Brokerage House. The ideal candidate should possess strong technical and analytical ability. The ideal candidate should also possess working knowledge of market, credit and liquidity risk concepts as well as fixed income, derivatives and capital markets.