Market and Model Risk Analyst

Job Description – Market and Model Risk Analyst

UBA America, New York, United States (On-site)

TITLE: Credit Risk Analyst

DEPARTMENT: Risk Management

LOCATION: New York-USA - Onsite

FLSA STATUS: EXEMPT

Position Overview

We have an exciting opportunity for a Market and Model Risk Analyst reports to the Deputy Chief Risk Officer and is responsible for the measurement, monitoring, control, and reporting of the Bank’s market risk and model risk exposures. The incumbent of this position shall be responsible for adhering to the provisions stated in the Employee Accountability Policy Statement.

This is an exceptional opportunity for a seasoned finance professional to make a meaningful impact in international banking while advancing their career within our global network.

About UBA Group & UBA America

United Bank for Africa (UBA) is a leading pan-African financial services group with over 75 years of banking excellence, operating across 20 African countries and key global financial centers including the United States, United Kingdom, France, and UAE. With over 45 million customers served through 1,000 branches and extensive digital channels, UBA is "Africa's Global Bank."

UBA America is a member of the US Federal Reserve System and regulated by the Office of the Comptroller of Currency (OCC), we have been the trusted gateway between Africa and North America for nearly four decades. Our Strategy is to facilitate trade, capital, and development flows between Africa and the rest of the world, positioning us as the preferred financial services partner for corporations, financial institutions, and development organizations doing business in and with Africa.

Key Responsibilities

• Responsible for making informed decisions and performing actions that align with the Bank’s risk appetite and tolerance levels, as outlined in the Risk Appetite & Tolerance Framework. This includes proactively addressing and mitigating potential violations or breaches to the Bank’s risk appetite while achieving expected job performance outcomes under Management’s guidance.
• Complies with all UBA AMERICA legal and regulatory requirements, adheres to the Bank’s Code of Conduct, attends regular periodic training on core Bank policies, and reports any known or suspected violations of the Code of Conduct to UBA AMERICA management.
• Market Risk Management:
• Monitors, analyzes, and reports market risk, including ad-hoc analysis in relation to market risk using modeling techniques and quantitative analysis to determine value at risk (VaR) measurements.
• Performs daily monitoring of risk, concentration, stress, gap and VaR exposures against limits and risk appetite, remaining constantly aware of current market dynamics.
• Liaises with trading desks with respect to exposures, new business, and market activity, performing in-depth analysis of books and trading strategies, and implementing appropriate stress-testing analyses.
• Ensures risk completeness and accuracy by developing risks not captured in VaR and stress mitigants, as required, while ensuring that the limit framework and appetite is commensurate with infrastructure.
• Builds, maintains, and improves market risk reporting infrastructure and tools, including the automation and streamlining of existing processes.
• Model Risk Management:
• Collaborates with the Model validation team to ensure proper governance and validation of risk models used to measure market risk, including VaR, stress testing, and scenario analysis models.
• Supports the development and implementation of model risk management policies and procedures, ensuring compliance with regulatory requirements and industry best practices.
• Monitors the performance of risk models by conducting regular reviews, such as back-testing, sensitivity analysis, and benchmark comparisons, and reports any concerns or observations to the MRM team.
• Identifies potential model limitations, assumptions, and uncertainties, escalating findings to the appropriate validation teams for further investigation.
• Works closely with quantitative research, IT, and other departments to enhance model development, testing frameworks, and the integration of models into business processes.
• Assists in the preparation of regulatory and audit documentation related to the usage and governance of models, in collaboration with the MRM team.
• Prepares weekly business-level risk review reports and supports the preparation of committee materials and other reports related to the Bank’s market and model risk exposures.
• Works closely with other departments to ensure trades are accurately captured and processed through the risk systems.
• Implements and performs data quality controls of the market and model data captured by the Risk systems.
• Evaluates proposed business actions to determine business and model risks, monitoring loss levels arising from credit, operational, market, and model risk factors.
• Presents recommendations to reduce and control risk exposure and improve current processes and procedures relating to market and model risk.
• Evaluates sources of actions and ensures business decisions relating to market and model risk management and control are timely and thoroughly executed.

Required Qualifications

• Bachelor’s degree (or equivalent) with a concentration in finance, economics, statistics, mathematics, physics, actuarial science, or a quantitative finance-related field; advanced degree preferred.
• Minimum of 4 years’ experience performing financial analysis, business reporting, and monitoring business risk, including market and/or model risk management.
• Strong experience in markets-related roles with an emphasis on market risk management and familiarity with model risk management frameworks.
• Familiarity with current regulatory initiatives such as Fundamental Review of the Trading Book (FRTB), Volcker Rule, stress testing, and model risk governance.
• Proven experience in model validation, quantitative modeling, and performance monitoring of risk models.
• Experience building and maintaining complex financial and quantitative applications.
• A strong understanding of market and model risk controls, governance frameworks, and regulatory compliance.
• Strong oral and written communication skills
• 5 years ’related credit experience including working knowledge of lending and underwriting practices
• Experience and ability to perform ongoing, independent financial analysis of borrowers to confirm willingness and capacity to repay in accordance with regulatory expectations for commercial lending.
• Strong oral and written communication skills

Technical Expertise

• Familiarity with current regulatory initiatives such as Fundamental Review of the Trading Book (FRTB), Volcker Rule, stress testing, and model risk governance.
• Proven experience in model validation, quantitative modeling, and performance monitoring of risk models.
• Experience building and maintaining complex financial and quantitative applications.
• A strong understanding of market and model risk controls, governance frameworks, and regulatory compliance.
• Strong oral and written communication skills.
• Competency in Microsoft Word, Excel, Access, Visual Basic, and relevant quantitative modeling tools (e.g., Python, R, MATLAB).
• Strong analytical and problem-solving skills.
• Proven statistical, spreadsheet, and simulation skills.

Preferred Qualifications

• Experience:
• Knowledge of regulations such as the Bank Secrecy Act (including the USA PATRIOT Act), OFAC sanctions programs, etc.
• General:
• Detail-oriented individual with ability to conduct in-depth research and possess strong communication skills.
• Strong analytical skills.
• Must be able to demonstrate strong writing capabilities.
• Ability to work in a team environment, as well as independently.
• Must be well-organized and capable of performing multiple tasks simultaneously.
• Ability to prioritize and use sound judgment.
• Excellent ability to work independently as well as part of a team.
• Education & Qualifications:
• Bachelor’s degree required.
• ACAMS certification is required.
• PC skills:
• Familiarity with TMS; preferably, Prime Compliance Suite.
• Strong working knowledge of Microsoft Word, Excel, Power Point; Lexis-Nexis, World-Check, Banker’s Almanac, etc.
• Strong internet search capabilities.

UBA America is an Equal Opportunity Employer

What We Offer

• Competitive salary commensurate with experience
• Comprehensive benefits package
• International exposure - Work within a global banking network spanning 24 countries
• Professional growth in one of the most regulated and respected banking environments

Work Environment & Culture

• Values-driven culture built on our core principles: Enterprise, Excellence, and Execution
• Enterprise minset: take initiative, solve problems, break barriers, and drive innovation
• Excellence standard: surpass expectations, maintain meticulous attention to detail, and uphold the highest professional integrity
• Execution focus- get things done efficiently, effectively, and with the end goal always in mind
• Collaborative, inclusive environment that values diversity and promotes professional growth
• Direct impact on facilitating economic growth and development between Africa and North America