Middle Office Manager

Middle Office Manager - Kuwait

Job Purpose:
The successful candidate will be responsible to supervise and ensure the effective reporting, measuring and monitoring of trading risk in addition to the improvement of risk reporting tools. This includes ensuring compliance with regulatory requirements and Group policy in Middle Office activities.

Key responsibilities and accountabilities:
• Maintain and develop Group Middle Office common guidelines and procedures to ensure compliance with the Group Risk policies.
• Ensure adherence to delegated authorities for approvals (e.g. limit exceptions, etc)
• Provides independent approval and oversight for all manual system overrides (e.g. counterparty limits) and controls daily trade flow to minimize risk.
• Ensure transactions traded by the Group Treasury are within approved trading limits and provides constant monitoring of the treasury activities.
• Responsible for monitoring Group Treasury derivatives activity and ensures independent valuations are carried out regularly.
• Constantly updates the quantitative models and indicators of exposure for use in Group Treasury and coordinates with Group Risk to ensure alignment.
• Daily analysis on positions (even within limits) is conducted to monitor trends and identify trading irregularities and coordinates independent valuations and other analysis (including volatility of FX transactions, dealer errors, etc).
Requirements:
• Bachelors degree in Economics, Finance or Statistics with some form of financial certification (CFA).
• Strong capabilities in Excel/VBA (absolute prerequisite).
• Knowledge of data related IT aspects are an advantage.
• Minimum of 4 years work experience in Banking (including internships) with exposure to Treasury products and a proven track record of Middle Office activities.

http://www.florenceconsult.com/