Overview
FX Middle Office & MIS (Risk Management) Jobs in Jakarta Metropolitan Area at PT Bank Jago Tbk
Title: FX Middle Office & MIS (Risk Management)
Company: PT Bank Jago Tbk
Location: Jakarta Metropolitan Area
Role Objectives
The primary objectives of this role are as follows:
- Responsible for developing, updating, and ensuring effective governance, procedures, and/or standards for the FX Middle-Office (MO). This includes implementing effective functions to mitigate risk and ensure compliance with relevant regulations.
- Monitoring and ensuring the daily operational effectiveness of the MO function, as well as the accuracy of and adherence to applicable regulations.
- Periodically monitoring and evaluating the performance of the Front-Office (FO), particularly in relation to the control of key indicators and limits (including daily monitoring), such as NOP (Net Open Position).
- Evaluating, developing, and enhancing monitoring systems/tools to facilitate early identification of potential limit breaches, automated validation, and early warning monitoring for high-risk core Front-Office (FO) activities.
- Evaluating and approving reports and dashboards related to risk monitoring and analysis, which are prepared by the FX MO & MIS Specialist
- Reviewing and approving limits proposed by the FX MO & MIS Specialist before the formal establishment of limits by the authorized official.
- Reviewing and validating the results of studies conducted by the FX MO & MIS Specialist regarding any limit excesses/breaches, including the adequacy and effectiveness of remediation plans for exceeded limits.
- Actively engaging in the development of the Bank's treasury systems, including products, features, and/or processes related to the middle office function.
- Conducting ad hoc evaluations/examinations of risk events/incidents that occur and are directly associated with treasury activities.
Role Accountabilities
- Responsible to the Market & Liquidity Risk Lead for leading and managing the FX middle office function.
- Responsible for executing the Bank's FX middle office function and ensuring the presence and implementation of good governance.
- Responsible for ensuring appropriate and effective risk control and monitoring of treasury activities, for example through monitoring NOP, off-market checking, etc.
- Responsible for monitoring and ensuring effective follow-up actions for every violation and/or limit excess.
- Serving as a checker and/or approver for middle office functions that require dual-control.
- Developing and ensuring effective MIS/dashboards are used for running the monitoring and reporting process as part of the FX middle office25.
General Requirements
- Minimum S1 (Bachelor's Degree) in any major (preferably Mathematics/Actuarial Science or IT).
- Minimum of 4 years of experience in market risk management within the banking industry, specifically in a Middle-Office function.
- Possesses the ability to coordinate and communicate effectively with stakeholders across directorates, including senior management.
- Strategic, forward-looking, critical thinker, and capable of making decisions.
- Experience and knowledge in the scope of finance and risk management within the banking industry.
- Knowledge and experience related to global financial markets, foreign exchange bank products, and their associated risks (i.e., market risk, operational risk).
- Strong understanding of regulations/laws/provisions related to market risk management, foreign exchange banks, and the treasury process.
- Experienced with risk modeling tools.
- Possesses knowledge and experience in interacting with, retrieving, updating, and managing data stored in databases and information systems.
