Financial Risk Senior Associate
Full-time
Company Description
The National Bank of Iraq (NBI) was founded in 1995 as a publicly traded, private sector company, offering comprehensive banking services to individuals and businesses in Iraq. As a result of NBI’s success and to fuel future growth, its capital was increased from the initial IQD 400 million to IQD 250 billion (USD 215 million) in December 2013.
In 2005, Capital Bank Jordan acquired majority shares (61.85%) in NBI, allowing NBI to evolve its business offerings, strengthen its global footprint and promote financial inclusion across the country.
With its extensive network of correspondent banks, Capital Bank stands as NBI’s gateway to world economies, facilitating internal and external remittances, granting lines of credit, as well as offering trade finance services.
In addition, NBI can trade on behalf of clients in Jordan and international markets through Capital Investments, Capital Bank’s investment arm, as well as offer trading services in the Baghdad Stock Exchange through its wholly owned subsidiary, Wahat Al-Nakheel.
NBI operates a modern core banking system to support its growth and customer services. Capital Bank and its subsidiaries audit all accounts through Ernst and Young, and report financials in accordance with International Accounting Standards.
NBI has earned a BB rating by Capital Intelligence, the international credit rating agency. It further received a ‘Good’ rating by the Central Bank of Iraq.
Today, NBI has more than 30 branches in all major cities in Iraq, and a branch in KSA.
Job Description
About the Role: We are seeking a highly skilled and motivated Financial Risk Senior Associate to join our Risk Management team. The ideal candidate will play a key role in developing and implementing strategies for managing financial risks, including credit, market, and liquidity risks, in alignment with the bank’s strategic objectives. If you're passionate about risk management and want to make an impact within a leading financial institution, we’d love to hear from you.
Key Responsibilities:
- Work closely with the Head of the Financial Risk Unit to develop and implement policies and procedures for credit, market, and liquidity risk management.
- Monitor and assess credit risks to ensure they remain within acceptable levels.
- Review and analyze credit facilities and non-performing loans, ensuring alignment with Central Bank guidelines and adequate provisioning.
- Ensure compliance with capital adequacy requirements and instructions from the Central Bank of Iraq.
- Use advanced tools to measure credit risk in line with strategic goals and expected profitability.
- Analyze the development of credit products and services, including collateral, limits, and client acceptance terms.
- Develop and submit regular reports on credit risks and concentration risks within the credit portfolio.
- Identify and monitor market and liquidity risks, ensuring alignment with acceptable risk levels.
- Conduct regular assessments of market and liquidity risk measurement methods and collaborate with relevant departments to ensure effectiveness.
- Evaluate new investment products and assess their associated risks.
- Support the development and implementation of procedures for identifying, measuring, monitoring, and controlling risks.
- Ensure compliance with Basel requirements and implement modern methods for calculating economic capital related to market and liquidity risks.
- Conduct stress testing and monitor developments in the banking sector to ensure effective risk reduction practices are followed.
Qualifications
Bachelor’s degree in Finance, Banking, or a related field. 1-3 years of experience in a similar role, with a strong understanding of credit analysis, market analysis, and financial markets. Advanced skills in Microsoft Office and risk management tools. Strong communication, time management, and organizational skills. Proven ability to follow up, coordinate, and collaborate across various departments. Strong analytical skills and attention to detail.
Knowledge & Expertise:
Familiarity with laws and regulations governing banking operations in Iraq. Knowledge of Iraqi labor laws, Central Bank regulations, and international best practices in risk management. Understanding of commercial law, corporate law, and banking regulations. Expertise in managing and assessing credit, market, and liquidity risks. Familiarity with Basel II and Basel III guidelines.
Additional Information
Financial Risk Senior Associate
Saadon Street, Baghdad, Baghdad Governorate, iq * Full-time
