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ALM Risk Manager (Asset and Liability Management)
MeDirect Bank Malta is currently looking to recruit an ALM Risk Manager to join their team on a full-time basis.
Overview:
As our Asset and Liability Management Risk Manager, you will exercise your expertise in market risk to create, implement, and monitor measures that safeguard our balance sheet while providing invaluable insights for strategic decision-making. If you’re passionate about quantitative analysis and thrive in a fast-paced environment, apply with us.
Duties and responsibilities:
- Act as a market risk expert, in particular for IRRBB and CRBB
- Lead the ongoing development of a clear framework in particular methodologies and policies to identify, monitor and quantify IRRBB on the bank’s balance sheet
- Support the development of market risk related statistical models including model design, calibration and validation; stress testing; backtesting; usage; reporting; and model governance
- Assess the impact of customer behaviour on the bank’s interest rate risk position under different market scenarios using large datasets
- Support and provide market risk insight into capital planning, funding plans and funds transfer pricing
- Own the respective risk management policies relating to market risk and consolidate market risk reporting requirements, including additional sensitivity measures
- Manage and maintain the risk models inventory
- Maintain and execute risk model validation processes, including those related to credit risk models
- Any additional duties which will be assigned by the Senior Financial Risk Manager.
Required knowledge, skills and experience:
- Relevant experience working in IRRBB and CRBB risk, Treasury and/or market risk
- Very strong knowledge of IRRBB measures (EVE and NII)
- Very strong understanding of behaviouralisation such as prepayment modelling
- Strong understanding of balance sheet modelling and projections
- Up to date with current market and economic trends
- Quantitative problem-solving skills
- Hands-on experience in programming Python or R and using SQL.
What we offer:
Grow with us
- Ongoing internal training
- External training opportunities, both locally and abroad
- Study leave
- Sponsorship schemes for further studies
- Opportunities for career growth.
Earn and Save
- Free life and premier health insurance
- Discretionary performance bonus
- Staff savings account at a highly preferential rate
- Home loan subsidy
- Relocation programme
- Employee referral incentive
- Free parking.
Invest in yourself
- 18 weeks of fully-paid maternity leave
- Hybrid working and flexible hours
- Extended unpaid parental leave
- Possibility to work from home
- Fitness refund
- Additional bank holidays
- Staff discounts.
MeDirect (formerly known as Mediterranean Bank) is a pan-European retail digital challenger bank, with two main lines of business: WealthTech and specialised mortgage lending.
As a WealthTech, our aspiration is to democratise investing and disrupt the retail digital investment space by deploying a unique Wealth SuperApp offering one of the broadest range of online investment solutions to individual clients.
We provide clients with autonomy, choice and guidance in the way they want to manage their money. Our SuperApp is also a one-stop-shop, catering to clients’ investment and everyday banking needs. All this with simplicity and an easy user experience.
As a specialised mortgage lending platform, we carefully select the segments we operate in, with the goal of setting new standards of service for our customers and address, when relevant, underserved segments of the mortgage market in jurisdictions we operate in.
With ca. 400 employees at Group level in aggregate, we are growing a world-class Tech platform in Malta to support our pan-European operations, currently in Belgium, the Netherlands and Malta. We compete for talent on an international level, with 25 different nationalities currently represented in the Group. Our work environment is fast paced and constantly changing while fostering a sense of teamwork and pride in participating in MeDirect’s exciting transformation journey.
Headquartered in Malta, MeDirect has a subsidiary bank in Belgium, MeDirect Bank NV/SA. MeDirect is Malta’s third largest banking group in terms of total assets. It is a systemic bank in Malta, and its consolidated group is supervised under the Single Supervisory Mechanism by a Joint Supervisory Team including the European Central Bank, the Malta Financial Services Authority and the National Bank of Belgium.
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