RISK ANALYST - OFF-BALANCE SHEET

Please see Job Description

SCOPE OF JOB:        

• Leading and enhancing the client portfolio investment risk management framework and process by providing support for the development and updating of risk management policies, procedures and reports

• Regularly review and monitor investment risks associated with the off-balance sheet with a focus on client portfolio investments funds, collective investment schemes, pension plans and schemes, updating CPIC on the associated investment risk.

• Keep abreast of regulatory and international best practice and apply these as required

• Designing and producing accurate risk reports on a monthly, quarterly or ad hoc basis as required by the CPIC, Board Risk Committee and Management taking into account regulatory statutes and international best practice.

• Independently create models to support analyses and recommendations to CPIC and Board Risk Committee

• Check and provide risk analysis on all new investments/models/funds on an ex-post and ex-ante basis.

• Frequent interaction with the Client Relationship Managers, Investment Managers and Fund Administrators to ensure business needs are met from a risk perspective.

• Provide risk commentary for client reports, internal meetings and fund board meetings.

• Conduct risk assessments of the Investment Management business, including client portfolios and funds and contribute to the compliance culture.

• Work closely with performance analyst to ensure the consistency of data and analysis across the business.

• Establish and maintain a dashboard which assesses and analyses client holdings/model portfolios (Non-Discretionary and Discretionary client portfolios, CIS, Pension Funds and Schemes), against, regulatory requirements, SIPP/IPS and other approved risk measures. Reporting findings to CPIC or Board Risk Committee as appropriate   

• Provide risk consultancy on the Jamaican pension and collective investment scheme regulatory environment.

• Contribute to ad hoc projects as identified by the Business.

• Performs any other duties, which may be assigned from time to time.

• Promotes the JMMB’s philosophy of the Vision of Love and its unique culture

• Is engaged in the transformation process for the continuous improvement of the JMMB and its associated companies. 

EDUCATION, TRAINING & WORK EXPERIENCE REQUIRED:

• Master Degree in Finance, Economics, Actuarial Science or risk-related qualification is preferable; or

• Bachelor Degree in Finance, Economics, Actuarial Science or risk-related qualification is preferable and at least two (2) years relevant experience.

• In pursuit of Risk or Financial certification (FRM or CFA) or Postgraduate qualifications

• Intermediate level of quantitative knowledge and skills, with a broad knowledge of risk management.

• High level of proficiency in business modelling and programming skills (programming languages such as Excel VBA, Bloomberg PORT/MARS, R and/or BI).

• Good understanding of the financial sector laws, regulations, ethics and professional jargon.

• Good knowledge of financial, economic and statistical concepts and their application.

• Understanding of the local financial sector and exposure to international capital markets.

• Proficient in pricing of financial instruments.

• Experience in financial modelling would be an asset.

• Strong oral and written communication skills

• High level of proficiency in the use of computers, especially spreadsheet and modelling software.

• Minimum of three years’ work experience, preferably in a financial institution.