Risk Policy Officer
Vacancy Number: 1821
Deadline: August 27, 2023
Job Profile
Under the supervision of the Director, Market Risk, Operational Risk & Policies (MOP), the Risk Policy Officer develops, implements and maintains the OPEC Fundโs risk management framework comprising of policies, processes, and methodologies, and supports the development of the IT infrastructure for risk management, all in accordance with the institutional risk framework, in order to prevent, minimize, and mitigate risk.
Duties and Responsibilities
Policy development and implementation
Risk management and analysis
Develops and enhances risk models and methodologies for measuring various risks in OPEC Fundโs operations.Develops, implements and maintains risk rating methodologies and tools for a structured credit risk analysis.Ensures the consistency of rating assignments and tests the predictive power of OPEC Fundโs rating tools.Develops and maintains OPEC Fundโs tool for Risk-Adjusted Return on Capital (RAROC) pricing of credit transactions. Advises on risk policy and methodology matters.Supports IT projects and other specialized projects to meet risk management requirements.Assists in developing and maintaining risk data and analysis for use by key stakeholders, including member countries, bond investors, rating agencies, and regulators.Assists in the administration of the risk management committee, including coordination and preparation on meeting schedules, agenda, materials, and minutes.Research and analysis
Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fundโs risk policies and methodologies with industry best practices.Reporting
Co-leads the preparation of quarterly and annual risk management report and risk sections of financial statements.Co-leads the preparation for data and analysis required for annual rating agency exercise. Lead the calculation of Expected Credit Loss calculation.Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies (MOP).Qualifications and Experience
Masterโs degree in Accounting, Finance, Economics or equivalent professional qualification.A minimum of seven (7) years of relevant banking experience, including at least two (2) years of experience with global or regional banks, fund managers, or multilateral/ bilateral development financial institutions, with focus on development of risk policies, methodologies, and IT systems.Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.Competencies
Excellent analytical and evaluation skills.Strong understanding of risk management principles and systems.High initiative and able to work independently, as well as with team members, in a collaborative environment.Strong interpersonal, teamwork and communication skills with high level of integrity and drive for achieving results. Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.