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Victoria Mutual Building Society (VMBS)

Financial Risk Analyst

Victoria Mutual Building Society (VMBS)

  • Kingston and St. Andrew / St. Catherine
  • Not disclosed
  • Permanent full-time
  • Updated 13/07/2023
  • Talent Acquisition
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Assist with the assessment, measurement, reporting and mitigation of risks that the VM Financial Group faces including credit and portfolio risks, market, liquidity and funding risks, and capital management risk.

The successful candidate should possess the following:

Minimum Education Requirements

  • First Degree in Actuarial Science, Finance, Economics, Mathematics, or equivalent professional qualification
Preferred Education Requirements
  • Master’s Degree in Actuarial Science Finance, Economics, Mathematics or equivalent
Certification
  • Risk Management and/or Actuarial Science designation/training ( FRM, CFA or related designation) would be an asset.
Minimum Experience Requirements
  • Two (2) or more years of professional experience in the fields of risk management, economic or financial analysis, quantitative analysis, or related fields
Preferred Experience Requirements
  • Five (5) years or more working experience as a financial analyst preferably with a financial institution
DUTIES AND RESPONSIBILITIES
  • Conduct investment risk analysis including performance, attribution, exposure, value-at-risk (VaR), scenario analysis, and stress testing for investments with focus on credit investments.
  • Monitor compliance for the Group's treasury activities and assess portfolio risk exposures/limits and raise issues when risk levels may be inappropriate.
  • Manipulate large data sets to explore and graphically visualize recent trends and relationships related to financial risks (credit, market, liquidity, and capital) using statistical software.
  • Amalgamate subsidiary risk exposures into Group risk exposures, analyse Group exposures, identifies details of any inconsistencies with stated risk appetite/policies and make specific recommendations on areas for improvement.
  • Supports the preparation of financial risk management reports (interest rate risk, liquidity risk, credit risk etc.), as well as preparation of reports for consolidation for the VM Financial Group.
  • Works with the financial reporting unit and other departments to develop, enhance and manage forecasting models used in estimating/projecting future business performance.
  • Monitors and analyzes counterparty credit risk of financial and business partners as well as credit and interest rate risk of investment portfolio.
  • Assists with project assignments, financial reporting, and financial modelling of historical and forecasted cash flows, regression, and sensitivity analysis.
  • Assist with the maintenance and improvements of market risk tools and frameworks to ensure they are relevant and supportive of the growth objectives of the Group. 
  • Aid in the formulation of analytics/models for measuring and monitoring market, liquidity, and capital adequacy risk across VM Group subsidiaries.
  • Assists in maintaining a professional risk control environment that is conducted within risk limits, processes, and standards set for regulatory and operational risks of the Group and as reviewed by the Auditors/Examiners
  • Monitors and submits recommendations to management for:
    • limits for market and liquidity risk, including VAR, cash flow gaps, dependency, and concentration
    • market and liquidity risks associated with the company’s portfolio, using VAR model or other appropriate methodology
    • hold/sell/buy position for the Company’s portfolio and submits list to the Risk Manager for approval
    • reports and escalates cases of non-compliance with position limits (e.g., change in procedure, in limits or in personnel)
  • Produce reports and presentations that outline findings, explain risk positions, and recommend changes to the Asset and Liability Committeee, Group Investment Management Committee and Enterprise Risk Management Committee, as necessary.
  • Perform any other related duties which may be assigned
DEADLINE FOR APPLICATIONS IS JULY 19, 2023

Ref: Financial Risk AnalystC
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Victoria Mutual Building Society (VMBS)

Victoria Mutual Building Society (VMBS)

View Employer Profile

  • Chief Office: 8-10 Duke Street, P.O. Box 90, Kingston, Jamaica
  • (876) 922-8627

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