Operation Risk Officer

Job Purpose:

The Officer, Operation Risk is responsible for monitoring, assessing, and reporting market risks related to AMF’s investment portfolios, treasury activities, and financial exposures. The role ensures effective risk measurement, compliance with limits, and timely reporting to support informed decision-making. It contributes to the enhancement of AMF’s risk framework by analyzing market trends, evaluating portfolio sensitivities, and implementing best-practice risk controls.

Roles and Responsibilities

Key Accountabilities

• Monitor market risk exposures across portfolios, including interest rate, FX, equity, and price risks.
• Perform daily/periodic risk assessments and ensure positions comply with market risk limits and guidelines.
• Conduct sensitivity, stress testing, VaR, scenario analysis, and performance attribution.
• Prepare timely market risk reports, dashboards, and analysis for management and committees.
• Identify emerging risks, deviations, and breaches, and escalate as required.
• Maintain and update risk models, assumptions, and parameters in line with market movements
• Analyze market indicators, yield curves, credit spreads, and investment performance trends.
• Support evaluation of investment proposals by assessing risk implications, exposures, and volatility.
• Verify accuracy, completeness, and integrity of market data and pricing sources
• Contribute to developing and improving market risk methodologies, models, and measurement tools.
• Support validation of risk systems and enhancements of analytical reporting capabilities.
• Participate in reviewing and updating risk policies, limits frameworks, and procedures
• Monitor adherence to AMF investment guidelines, risk frameworks, and regulatory standards.
• Coordinate with Investment, Treasury, Finance, and Internal Audit teams to verify data and align risk reporting.
• Support risk committees through preparation of materials, risk notes, and analytical briefings
• Liaise with custodians, data providers, and external auditors on market risk-related matters.
• Stay informed on market developments, regulatory changes, and global risk trends.

Job Qualifications and Requirements

Knowledge and Experience

• Minimum of 4 years of experience in market risk, investment risk, treasury risk, or financial risk analysis.
• Strong knowledge of financial instruments, portfolio theory, pricing, and market dynamics.
• Experience with risk systems, stress testing tools, VaR engines, or pricing models is preferred

Education

Bachelor’s degree in finance, Economics, Risk Management, or related field (Master’s preferred).

Certifications

Professional certifications such as FRM, CFA, PRM, or risk-specialized courses are an advantage

In addition to tax-exempt salaries, the AMF offers allowances and benefits that cover accommodation, furniture, tickets upon joining, as well as for annual leaves, and upon end of services, in addition to end of service gratuity the AMF contributes to the education fees of employees’ children subject to published policies and procedures, AMF also provides medical insurance for employees and their family members, as well as life and accident insurance for the employees themselves.