The Bank of Punjab BOP Jobs has announced an exciting career opportunity for experienced banking professionals, particularly in risk management. As part of its ongoing expansion and commitment to delivering exceptional value-added services, BOP Jobs is seeking candidates for the position of Unit Head Market Risk. This role is based in Karachi and is open to individuals who have a strong background in market risk management, along with at least five years of relevant banking experience. The role sits at a VP to VP-level grade, offering a prominent position for those looking to make a significant impact within the bank’s Risk Management Group.
The Unit Head Market Risk will be responsible for overseeing and monitoring the bank’s market-wide risk, focusing on areas such as treasury, capital markets, and equity/debt capital market exposure. Key responsibilities include preparing regular and ad-hoc analysis reports for senior management, implementing risk limits, and designing systems to ensure robust risk monitoring and reporting. Additionally, this role involves coordinating with various departments like Treasury Front Office and Operations, and working closely with senior executives to develop proposals and evaluate risk-related strategies. The position requires a sound understanding of regulatory standards, including ICAAP, ERM, and IFRS 9-based ECL (Expected Credit Loss) modeling, making it a highly specialized role.
To qualify for this role, applicants must have a minimum bachelor’s degree from a recognized university and experience in managing market risk within the banking sector. BOP Jobs is looking for candidates who are not only experienced but are also proactive in risk assessment and capable of providing strategic insights that enhance the bank’s risk resilience. Applicants can be up to 55 years of age as of November 19, 2024, which is also the deadline for applications. The BOP Jobs is an equal opportunity employer, encouraging qualified individuals from diverse backgrounds, including women, minorities, and persons with disabilities, to apply. Interested candidates can submit their applications through BOP Jobs online career portal to take the next step in their banking careers with one of Pakistan’s fastest-growing financial institutions.
Opportunity for BOP Jobs
| Field | Details |
|---|---|
| Date Posted / Updated | November 5, 2024 |
| Category / Sector | Private Sector |
| Job Industry | Banking / Risk Management |
| Vacancy Location | Karachi, Pakistan |
| Education | Minimum Bachelor’s Degree from HEC recognized local/foreign university |
| Organization | Bank of Punjab (BOP) |
| Job Type | Full-time, Permanent |
| Expected Last Date | November 19, 2024 |
List Of BOP Jobs
- Unit Head Market Risk
- Location: Karachi
- Grade: VP to VP
- Role Overview: This role is focused on managing and reporting market-wide risk for BOP, especially in treasury, capital markets, and equity/debt markets. The position involves risk analysis, preparation of reports, setting risk limits, and coordinating with various departments to ensure market risk is well-monitored and controlled. It’s a strategic position that requires deep expertise in market risk management and regulatory compliance.
BOP Jobs Eligibility Criteria
| Position | Eligibility Criteria |
|---|---|
| Unit Head Market Risk | – Qualification: Minimum Bachelor’s degree (or equivalent) from an HEC recognized local or foreign university. – Experience: Minimum 5 years of banking experience, with at least 4 years in relevant risk management roles. – Age Limit: Up to 55 years as of November 19, 2024. |
BOP Jobs Responsibility
- Monitor and Report Market Risk
- Oversee the bank’s market-wide risk across treasury, capital markets, and equity/debt capital markets. This involves close coordination with teams in Treasury Front Office, Operations, and other relevant departments to ensure accurate risk monitoring and reporting.
- Prepare Risk Analysis and Reports
- Develop both regular and ad-hoc analysis reports, including stress testing and regulatory returns. These reports are crucial for senior management review and decision-making, ensuring that they have a clear picture of the bank’s risk profile.
- Support Regulatory and Strategic Reporting
- Contribute to key regulatory documents, such as ICAAP (Internal Capital Adequacy Assessment Process), ERM (Enterprise Risk Management) Dashboards, and ALCO (Asset and Liability Committee) reports. This ensures that the bank meets regulatory standards while maintaining sound risk management practices.
- Maintain Strong Market Risk Controls
- Ensure that the bank has robust controls in place to prevent unauthorized exposures. This includes monitoring risk limits and designing systems that support reliable risk reporting.
- Assist in Risk Limit Setting and System Design
- Collaborate with the Deputy Head of Enterprise Risk Management (ERM) in defining risk limits and developing systems that provide effective monitoring.
- Update Risk Policies and Procedures
- Review and update the bank’s policies and standard operating procedures related to market and liquidity risk. This ensures that the bank’s risk management framework remains up-to-date with industry standards and best practices.
- Provide Insights and Feedback
- This includes advising on risk-related strategies and helping shape the bank’s risk posture.
- Engage in IFRS 9-Based ECL Computation
- Actively participate in managing and computing Expected Credit Loss (ECL) based on IFRS 9 standards, ensuring that the bank remains compliant with international accounting requirements and accurately forecasts potential losses.
Contact Details for BOP Jobs
| Contact Detail | Information |
|---|---|
| Email Address for Inquiries | info@bop.com.pk |
| Phone Number | 111-267-200 |
| Official Website | https://www.bop.com.pk/ |
| Mailing Address | Bank of Punjab Head Office, 10-B, Block E-II, Main Boulevard Gulberg III, Lahore, Pakistan |
You Can Also Apply PPSC Jobs
About Company
The Bank of Punjab (BOP) is one of Pakistan’s fastest-growing banks, with a legacy of over 35 years of service in the financial industry. Established to provide quality banking services, BOP Jobs operates a vast network of 850+ real-time online branches and ATMs across the country. The bank has a strong focus on delivering customized and value-driven solutions to its customers, spanning personal, corporate, and investment banking. Over the years, BOP has built a reputation for fostering a customer-centric approach while maintaining a robust risk management framework and meeting international regulatory standards.
As an employer, BOP Jobs is committed to nurturing talent, encouraging diversity, and supporting professional growth within the banking sector. BOP Jobs is an equal-opportunity employer that values inclusivity, providing opportunities for women, minorities, persons with disabilities, and other underrepresented groups. The bank offers a dynamic and supportive work environment that emphasizes continuous learning, innovation, and career advancement. BOP’s career opportunities reflect its mission to attract skilled, motivated, and forward-thinking individuals ready to make a meaningful impact in the banking industry.
Application Process for BOP Jobs
- Browse Current Openings
- Review the list of available job positions and select the one that matches your skills and experience. Each job listing provides detailed information on the role, responsibilities, and eligibility criteria.
- Prepare Your Documents
- Ensure you have an updated resume and any other required documents ready, such as educational certificates, experience letters, and a cover letter if needed. Make sure these documents clearly reflect your qualifications and relevant experience.
- Submit Your Application Online
- Click on the job title you’re interested in, and you’ll find an “Apply” option. Follow the instructions to complete the application form, upload your resume and other necessary documents, and submit the application.
- Wait for a Response
- After submitting your application, BOP Jobs will review your qualifications. If you meet their requirements, you may be shortlisted for an interview.
- Stay Updated
- Keep an eye on your email or phone for any updates regarding your application status. You can also periodically check the BOP Jobs career portal for additional information or updates on other openings.
Required Documents for BOP Jobs
To create a table of required documents based on the information provided in this job posting, I’ll list some commonly required documents for banking job applications. However, this job posting does not specify exact documents needed. Applicants usually need to prepare a set of standard documents for online applications. Here’s an example of a table that could be applicable for this or similar applications:
| Document | Purpose |
|---|---|
| Updated CV/Resume | To summarize qualifications, experience, and achievements |
| Cover Letter | To express interest and highlight fit for the position |
| Educational Certificates | Proof of meeting the educational qualification requirement |
| Experience Letters | To verify minimum 5 years of banking experience |
| CNIC Copy | For identity verification |
| Passport-Sized Photographs | For application and identification purposes |
| Reference Letters (if requested) | Professional references as required by the hiring entity |
| Additional Certifications | Evidence of additional qualifications or trainings |
FAQs
What qualifications do I need for this role?
You’ll need at least a Bachelor’s degree from an HEC-recognized local or foreign university. Banking or finance-related qualifications are often preferred.
How much experience is required?
The role requires a minimum of 5 years of experience in banking, with at least 4 years specifically in a relevant field.
Is there an age limit for applicants?
Yes, applicants should be no older than 55 years as of November 19, 2024.
Where is this position based?
This position is located in Karachi, specifically within the Risk Management Group of the Bank of Punjab.
What does the job entail?
As the Unit Head of Market Risk, you’ll be responsible for monitoring and reporting on market risks, preparing regular analysis, and helping ensure strong market risk controls are in place. You’ll also collaborate with various departments to align policies and strategies.
How do I apply for this job?
Just head to their website, find the job listing, and follow the application steps.
Will I be reimbursed for any travel or interview expenses?
Unfortunately, no. The job posting states that no TA/DA (travel allowance or daily allowance) will be provided for interviews.