The Bank of Punjab (BOP Job) is seeking applications for the role of Unit Head Market Risk, based in Karachi. This position, open to candidates with a minimum Bachelor’s degree from an HEC-recognized institution, is part of the Risk Management Group and is suitable for individuals with at least five years of banking experience, including four years in a relevant field. The Unit Head Market Risk will oversee and report on market risks for treasury and capital markets, collaborate with multiple departments and prepare various risk-related reports. The role requires expertise in stress testing, ICAAP, ERM, BRMC, CRMC and ALCO and involves active participation in managing IFRS 9 based ECL.
Candidates will also be expected to assist in establishing and maintaining robust market risk controls, set up appropriate risk limits and ensure effective risk monitoring and reporting. The responsibilities include updating policies related to market and liquidity risk, as well as reviewing and proposing improvements to the risk management framework. Applicants should be under 55 years of age as of November 19, 2024 and shortlisted candidates will be contacted for interviews.
Opportunity for BOP Job
| Field | Details |
|---|---|
| Date Posted | 14 November 2024 |
| Category | Banking |
| Education | Minimum Bachelor’s degree from HEC-recognized university |
| Vacancy Location | Karachi, Pakistan |
| Job Industry | Risk Management |
| Job Type | Full Time |
| Last Date | November 19, 2024 |
List Of BOP Job
- Unit Head Market Risk – A strategic role for experienced professionals to lead and manage market risk within the bank, focusing on monitoring, reporting and setting up risk controls. This position is based in Karachi and requires at least five years of relevant banking experience.
BOP Job Eligibility Criteria
| Position | Eligibility Criteria |
|---|---|
| Unit Head Market Risk | – Minimum Bachelor’s degree or equivalent from an HEC-recognized local or foreign university |
| – Minimum of 5 years of banking experience with 4 years in relevant market risk or risk management roles | |
| – Age limit up to 55 years as of November 19, 2024 |
BOP Job Responsibility
- Monitor and report the bank’s wide market risk, specifically for treasury and capital markets, working closely with the Treasury Front Office, Operations and Equity/Debt Capital Market teams.
- Prepare regular and ad-hoc analysis reports, including stress testing and regulatory returns, for Senior Management’s review and decision-making.
- Develop relevant sections of the ICAAP, ERM Dashboard, BRMC, CRMC and ALCO to ensure comprehensive risk management.
- Ensure that market risk controls are robust and effective in preventing unauthorized exposures.
- Assist DH ERM in setting risk limits and designing systems to maintain required risk monitoring and reporting standards.
- Review and update policies and standard operating procedures related to market and liquidity risk management and provide feedback on ERM initiatives.
Contact Details for BOP Job
| Contact Information | Details |
|---|---|
| Website URL | https://www.bop.com.pk/ |
| contact@bop.com.pk | |
| Address | The Bank of Punjab Head Office, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg III, Lahore, Pakistan |
| Phone Number | 111-267-200 |
You Can Also Apply Click Here
About Bank of Punjab
The Bank of Punjab is one of Pakistan’s fastest-growing banks with over 35 years of dedicated service to its customers. Operating through a robust network of over 850 online branches and ATMs nationwide, it has established itself as a trusted provider of premium banking services. The bank’s focus on delivering high-value, customer-oriented solutions is evident in its commitment to innovation and adaptability in a dynamic financial landscape. By leveraging its extensive network and advanced infrastructure, the Bank of Punjab consistently strives to enhance customer experiences and meet evolving financial needs.
In addition to traditional banking, the Bank of Punjab places a strong emphasis on areas like risk management, digital transformation and financial inclusivity. The organization actively encourages diversity and provides equal opportunities, welcoming candidates from various backgrounds to contribute to its mission. With a workforce driven by integrity and performance, the bank is focused on sustainable growth and creating long-term value for its stakeholders. This dedication to both customer satisfaction and internal excellence underscores the bank’s role as a key player in Pakistan’s financial sector.
How To Apply BOP Job?
- Navigate to the “Careers” section on the website to view current job openings.
- Select the desired position, such as “Unit Head Market Risk,” to review job details and eligibility criteria.
- Ensure you meet the specified qualifications, experience and age requirements listed in the job posting.
- Prepare your updated CV and any supporting documents relevant to the position.
- Attach your CV and other required documents as specified in the application form.
- Submit your application before the deadline on November 19, 2024 and await further contact if shortlisted for an interview.
Required Documents for BOP Job
| Required Document | Details |
|---|---|
| Updated CV/Resume | Comprehensive and up-to-date CV highlighting relevant experience |
| Educational Certificates | Copies of degree(s) and transcripts from an HEC-recognized university |
| Experience Letters | Letters from previous employers confirming relevant work experience |
| CNIC (National ID Card) | Copy of your valid CNIC for identification purposes |
| Passport-sized Photograph | Recent passport-sized photograph |
| Professional Certifications (if any) | Copies of certifications related to risk management or banking |
| Cover Letter (optional) | Brief letter outlining your interest and qualifications for the position |
BOP Job Benefits
- Remote Working Options: The role offers the flexibility of remote work, allowing employees to manage their work from home or other preferred locations, ensuring a balanced and adaptable work environment.
- Flexible Hours: Employees can enjoy flexible working hours, providing them with the ability to schedule their work around personal commitments and optimize their productivity.
- Health and Wellness Benefits: The company offers comprehensive health and wellness benefits, including medical, dental and vision coverage, as well as wellness programs to support employees’ physical and mental health.
- Stock Options: Eligible employees may have the opportunity to participate in the company’s stock option plan, allowing them to benefit from the company’s growth and success.
- Annual Bonuses: The Bank of Punjab provides annual performance-based bonuses, rewarding employees for their contributions and achievements throughout the year.
- Retirement and Financial Planning: Employees have access to retirement savings plans, including provident funds and financial planning assistance to help secure their future.
FAQs
What qualifications are required for the Unit Head Market Risk position?
Candidates must have a minimum Bachelor’s degree from an HEC-recognized institution and at least five years of banking experience with four years specifically in a market risk-related field.
Is remote work allowed for this role?
Yes, the role offers flexibility with remote work options, allowing employees to manage their tasks from home or other locations.
What are the key responsibilities of the Unit Head Market Risk?
The Unit Head will oversee market risks in treasury and capital markets, prepare reports, collaborate across departments, manage stress testing and contribute to IFRS 9-based ECL management, among other duties.
What expertise is essential for this role?
The ideal candidate should have expertise in stress testing, ICAAP, ERM, BRMC, CRMC, ALCO and risk management frameworks with a solid understanding of market and liquidity risk.
How does the Bank of Punjab support employees’ health and wellness?
The bank provides comprehensive health and wellness benefits, including medical, dental and vision coverage, as well as wellness programs to ensure the physical and mental well-being of employees.
Are stock options available for employees?
Yes, employees may be eligible for stock options, allowing them to benefit from the bank’s growth and success.
What is the age limit for applicants?
Applicants should be under the age of 55 as of November 19, 2024, to be considered for the position.
What is the hiring process for the Unit Head Market Risk position?
Shortlisted candidates will be contacted for interviews. The recruitment process includes an evaluation of qualifications, experience and alignment with the bank’s needs for the role.