Saturday, 4 May 2013

Banking Job Vacancies at Stanbic IBTC Bank , May 2013


Stanbic IBTC Bank - If you are really committed to building your future career, then you need to work with a bank that has earned an unrivaled global reputation for trust, innovation, and service. As the largest bank in Africa, we now operate in 38 countries worldwide focusing on emerging market opportunities
Stanbic IBTC Bank PLC offers its clients a wide range of corporate, investment, business and personal banking products and solutions.  With over 60 branches across the country and over 1500 dedicated staff, the bank is positioned to take care of your banking requirements.

Stanbic IBTC Bank PLC is currently recruiting to fill the above position of:

Job title: Manager Legal
Job description 
To manage legal risk by providing a comprehensive transactional legal advisory service to the Corporate & Investment Banking Division and such other units as may be identified from time to time.


Click Here to Apply for this Job Position

Job Title: Manager Market Risk
Position Description
Main Purpose of the Job
• To effectively monitor and report market risk and other related risks of the bank on a daily basis.
Key Responsibilities
• Monitoring of backtesting exceptions.
• Quantification of Normal VaR, Stress VaR and PV01 computation & analysis.
• Automating all risk reports to shorten the time for producing the reports and increase integrity.
• Building and strengthening relationships and ensuring interaction with Front office, Back office, Finance, and Calypso IT Team.
• To ensure that relevant meaningful and insightful commentary is included in all reports (daily, weekly, monthly e.t.c) that clearly and succinctly gives the reader an understanding of the salient risk exposures and sources of P& L on the desk, country, region, FX business and demonstrates the preparers understanding thereof.
• Supervise Effective and comprehensive price validation of liquid risk drivers (daily) and all risk drivers (at least monthly).
• Management of all breaches from identification through to closure thereof (position reduction, condonement e.t.c). This includes recommendations of corrective actions to traders before close of business. This involves daily monitoring of exposures, limits for all the books i.e. banking, trading & Equity.
• Providing leadership, for subordinate(s) in terms of an efficient working environment, and doing more with our current resources.
• Enforce and ensure compliance with market risk policies and procedures as it relates to FX, MM, FI and FI.
• Identify all the products in the books of the bank, ensure they have been signed off by the NPC and mandates exist for their use. Ensuring that only authorized products and risk factors are traded by desks.
• Track the P/L from all products in the Banking & Trading Book. This entails daily review of Risk and P&L reports & determines P&L attribution per product.
• Quantification of MR for Trading book, Banking book for Equity, Interest rate products and for FX products.
• Supervise production of daily, weekly and periodical MR reports to various committees of the firm (ALCO, BRMC etc)


Click Here to Apply for this Job 

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