Liquidity Risk Manager
United Arab Bank
Total years of experience :13 years, 11 Months
As Liquidity Risk Manager I am responsible to assist VP Market risk in ensuring that appropriate measures are in place. Modeling, analyzing and interpreting changes to the company's liquidity risk profile. Furthermore, I control exposures against policies and limits using the bank's Liquidity Risk Policy. I provide dynamic analysis for balance sheet to help in steering Balance sheet to meet Basel III liquidity requirements and quantify the liquidity risk to incorporate liquid cost in the pricing process. As well as a part of Market risk team I support other functions (limit monitoring, investment proposal studies, and hedge effectiveness). Lastly, I am a part of working group to implement IFRS9 where I join meeting with 3rd parties for Implementation and giving support to build staging area to feed IFRS 9 requirements
Responsibility
Supervise production of all necessary reports to meet internal governance/oversight and UAE central bank needs under Liquidity Risk framework,
Identify measure, control, analyze, and manage liquidity risks
Report results to Finance & Treasury, risk committees, senior management
Measure, analyze, monitor and interpret company’s balance sheet for Funding & Market Liquidity Risk (short term and longer term) by performing:
- Liquidity Stress Testing
- Liquidity Gap Analysis
- Short term and Long term Liquidity Cash Flows
- Measurement & monitoring of metrics such LCR, NSFR
Develop deep understanding of company balance sheet from liquidity risk perspective
Meet all relevant UAE regulatory requirements, relating to Liquidity risk such as ELAR, Enhanced Prudential Standards (EPS), Liquidity Stress Testing LCR and NSFR
Apply behavioral modeling for Current and saving accounts “CASA”
Monitor the balance sheet from ALM perspective and prepare reports to Asset liability management committee “ALCO” and help in preparing interest rate Gap
Oversight of liquidity risk related transactions with necessary qualitative and quantitative risk assessment
Monitor, escalate and report all liquidity risks exposures in excess of the limits under Risk Tolerance Statements
Backup for Middle office manger team where I help in monitoring treasury limits, preparing Investment Portfolio P&L report, reviewing investment proposal and updating investment portfolio risk reports
Preparing interest rate Gap and shock interest rate under several scenarios
Assist in preparing ICAAP
Maintain Liquidity Policy
ALM reporting
I have joined Rasmala in December 2013 reporting to the CEO as the sole Risk Manager for the business operation based in DIFC and I started as compliance officer in October 2014. My responsibilities are to cover Operational Risk, IT Risk, Credit & Counter-party Risk, Fund Risk, Investment Restrictions, Incident Reporting and Risk Assessments. Furthermore as a compliance officer I handled compliance responsibilities including AML/KYC and reviewing clients’ documents, making sure that all policies and procedures are fully comply with DFSA regulations, Pre and Post trade check and enhancing compliance knowledge for all company stuff.
Compliance:
Maintain and review compliance manual and procedures
Make sure that the company is fully complying with DFSA regulations and laws
Oversight AML procedures, obtaining required clients’ documents, due diligence about different institutional clients and counterparties
Oversight Trade process for portfolios and funds and make-sure that portfolio managers are complying with investment restrictions
Update all policies to be fully comply with all amendments announced by DFSA
Operational Risk Management:
Control all trades for (brokerage and asset management) and check against limits
Improve trading process and set controls to minimize operational risk for front and back office
Update risk registers for the company in regular basis
Make sure that all system and controls deficiencies are reported and add them to the risk registers, furthermore discuss them with related business unitd to enhance controls and avoid that in the future
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Market and Liquidity Risk Management:
Analyzing Maturity Gap and conducting liquidity stress testing, then interpreting the results and sending reports to higher management and ALCO for discussion
Measuring Liquidity for different asset classes in the company proprietary book and evaluating market liquidity risk for different assets classes
Cooperate with head of group to build consolidate reports pertained to managing liquidity risk
Maintain and reviewing liquidity risk and market risk policy
Measuring Market Risk at the portfolio and security levels (VaR, effective Duration, Convexity, volatility, etc.)
FX Risk measurement and management Prepare Risk Reports for portfolios and funds
Holding Risk Committee and ALCO sessions.
Set market risk limit for different asset classes (equity, fixed income, alternatives, etc.)
Prepare Risk Reports for portfolios and funds
Other:
Member of Investment Committee
Assist in preparing Internal Capital Adequacy Assessment Process (ICAAP)
Credit research for all counterparties
Reviewing operational, market and liquidity risk policies
In Syria Gulf Bank I worked as Senior Risk Officer and Middle officer manager where I was responsible to manage different aspects of liquidity and market risk, furthermore I worked closely with compliance manager where I assist in monitoring trade finance transactions against the EU and OFAC sanctions list, and make sure that the central bank regulations regarding AML and foreign currencies transfers are fully complied
Market Risk management:
Regularly review the Bank’s market risk exposures/positions against approved limits
Conduct scenario analysis & stress-testing on various market risk exposures, analyses the results and recommend appropriate actions
Participate in the implementation and review of the market risk limit structure
Produce periodic market risk and ALM reports covering all positions and exposures including FX position
Calculate VaR for various market risk positions/exposures (FX, Trading securities) and aggregate at the portfolio level
Measuring Interest rate effects on the value of the bank’s assets and the cash flow of the bank
Gap analysis
Measuring FX risk and the effect on bank's obligations and investments
Liquidity Risk Management
Monitor the liquidity position of the Bank, assess compliance with the approved policy and undertake regular stress tests
Review future liquidity needs, identify potential risks and recommend mitigating measures including revisions to policies and guidelines
Produce regular reports on the liquidity risk profile of the Bank and performance of the underlying portfolios using metrics such LCR, NSFR, and other liquidity metrics.
Make sure that the bank maintains the required limit of liquidity
Set a liquidity tolerance for investment decisions
Concentration studies
Deposits analysis
Timely reporting to concern partied all AML, Fraud and Operational risk Issues
Middle Office unit (Treasury Risk)
Perform P&L calculation, performance attribution, hedge effectiveness for FX opened position and investment portfolio
Ensure the timely production of reports monitoring investment and liability activities for higher management and Assets and Liability Management Committee (ALCO)
Make sure that treasury department adheres with all limits related for FX opened position, accepted VaR, investment concentration
Monitor and report on the compliance with guidelines for investment and liability management transactions
Control operation risk between treasury and back office treasury
Others
Assist Compliance officer in monitoring trade finance transactions against EU and OFAC sanctions
Assist in preparing AML Regulatory reports “Assist in the part related to commercial banking and trade finance”
Assist in monitoring international transfer and make sure that all transfer are approved by compliance officer
Dealing:
Conduct Money market and FX deals
Monitor FX opened position
Quoting prices for Bank's client
Cash Management:
Monitoring the Cash movement denominated in foreign currencies and figure out the best method to finance our obligations and to invest our excess cash in the best rate of return and minimum cost, with matching our
Inflow and outflow to avoid any shortage in the bank's liquidity
Monitoring the Cash in Branches Vaults to meet the branches cash needs, shift the excess cash among branches and headquarter vaults and keep it within the insurance policy limits.
FX position management
Reporting:
Preparing daily report pertained to Vostro an Nostro account,
FX opened positions
P&L reports
Analysis:
Study the FX market and prepare economic analysis to the market (Fundamental Analysis)
Others:
Report any Fraud or AML issues to Legal and Compliance Department
Assist in preparing the bank investment strategy, Bank's Liquidity Policy, analyzing the Internal and external environment of the bank.
Core Modules Studied: • International Banking • Banking Theory • Credit Analysis & Lending Management • Advance Investment Analysis • Portfolio Management • Economics Analysis For Business • Econometrics • Corporate Finance • Financial Statement Analysis • Multinational Financial Management • Marketing Management Researches: • Studies in credit swaps as one of main causes of credit crisis. • Gap Analysis to financial statement for 10 banks. • Statistical and economic analysis about the impact of openness and investment on Real GDP for Syrian economy. • Validity of Capital asset pricing model (CAPM). • The Asian Crisis. • Empirical research about Association among investment, finance and dividend decision in firms.