Manager, Market Risk at National Bank of Kenya

Position Overview

A dynamic team is expanding and looking for the right talent. This position is responsible for identifying, measuring, monitoring, and mitigating market risks that arise from changes in interest rates, foreign exchange rates, equity prices, and other market variables. This role ensures that the bank's risk exposure remains within approved limits and complies with regulatory requirements.

Key Responsibilities

• Provide leadership, set direction, and oversee the market risk monitoring function in area of responsibility
• Control and supervise the management of market risks in the Bank, including the approval of limits, excesses, and costs within delegated authorities
• Develop proactive engagement with business in pursuit of balanced risk/return positions via discussions on market, liquidity, and applicable trading risk limits
• Provide analysis of risk exposures, market commentaries, and variance analysis to Treasury and Chief Risk Office as required
• Develop proactive engagement with ALCO and Risk Committee in pursuit of sustainable and profitable balance sheet growth
• Manage the middle office team independently from the business and ensure the function is adequately resourced with competent staff
• Identify market risk exposures across trading and banking books
• Develop and maintain risk models such as Value at Risk (VaR), stress testing, and sensitivity analysis
• Monitor market trends and economic indicators affecting risk positions
• Prepare and present regular risk reports to senior management and regulatory bodies
• Ensure compliance with internal risk policies and external regulations (e.g., Basel III)
• Support regulatory submissions, including backtesting and capital adequacy reporting
• Work closely with trading, treasury, finance, and compliance teams to manage risk limits
• Provide analysis and commentary on changes in risk positions