Assistant Manager - Market Risk & Treasury Middle Office

About This Role

Job Description At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

As Assistant Manager in the Market Risk & Treasury Middle Office function your role is to provide independent oversight of the bank’s market risk exposures, investment portfolios, and treasury activities. The role ensures strong governance, accurate valuations, effective monitoring of limits, and timely reporting to senior management.

What You Will Be Doing

• Monitor daily market risk exposures across IR, FX, Equity, Commodity, Basis, and Credit Spread risks.
• Calculate, validate, and analyze VaR, DV01, sensitivities, duration, and stop loss utilization.
• Track compliance with Board‑approved Market Risk Appetite and Treasury limits.
• Perform independent fair value assessment of investment and treasury portfolios.
• Monitor credit spreads, market movements, concentrations, and liquidity indicators.
• Ensure front office adherence to treasury policies, mandates, controls, and regulations.
• Conduct independent price verification (IPV) and validate pricing models and CVA adjustments.
• Produce daily dashboards and management reports for senior management and committees.
• Perform stress testing and scenario analysis including rate shocks, spread widening, and FX volatility.
• Review trade bookings and perform daily P&L attribution and variance analysis.
• Support audits, regulatory reviews, and operational risk governance with robust documentation.
• Drive system enhancements, automation, and data quality improvements in risk reporting.

What You Should Have

• Master's Degree with relevant specialization
• CFA – Chartered Financial Analyst, FRM – Financial Risk Manager or PRM – Professional Risk Manager certification
• Work Experience of 3+ years in Risk domain of a reputed Bank, in ALM & quantitative modelling.
• Educational Background in any Economics is an added benefit.

What We Are Looking For

• Knowledge of Treasury Products and Financial Markets with focus in Market Risk, Valuations and Models
• Knowledge of Quantitative modelling and its validation.
• Knowledge of statistical software of SAS and/or R or Python is an added advantage.
• Advance understanding of Excel , Power BI, AI , M365 Co Pilot etc
• Strong understanding of market risk measurement and valuation methodologies.
• Proficiency in treasury products, pricing models, and risk systems.
• Excellent analytical, investigative, and problem‑solving skills.
• Ability to communicate complex risk concepts to senior stakeholders.
• High attention to detail, governance orientation, and control mindset.

What’s In It For You

• Pay for performance culture (Competitive and performance-linked compensation)
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole self to the organization and perform to your best.