Manager - Risk & Market Surveillance

Manager – Risk & Market Surveillance

Asad Hameed

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Are you passionate about risk management, market surveillance, and regulatory compliance? Pakistan Mercantile Exchange Limited (PMEX), Pakistan’s leading multi-commodity futures exchange, is looking for a Manager – Risk & Market Surveillance to join its team in Karāchi, Sindh. This is a full-time, on-site position where you will play a key role in monitoring market activities, analyzing data, detecting potential risks, and ensuring the exchange operates smoothly and in compliance with regulations. As the Manager, you will be at the forefront of managing financial risks and ensuring the integrity of market transactions at PMEX.

Responsibilities

As a Manager – Risk & Market Surveillance, your duties will span various aspects of risk management, market monitoring, and data analysis. Here’s a breakdown of your key responsibilities:

  1. Risk Management Oversight
    • Develop and implement risk management strategies and processes to identify and mitigate potential risks in trading and market activities.
    • Monitor risk exposure on a daily basis, ensuring that it stays within acceptable limits and aligns with company policies.
  2. Market Surveillance and Monitoring
    • Continuously monitor market activities to identify any signs of irregular trading, price manipulation, or other unethical behavior.
    • Analyze trading patterns, order flows, and transactions to detect and prevent market abuse, fraud, or market manipulation.
  3. Data Analysis
    • Collect and analyze large sets of market data, using statistical models and analytical tools to uncover trends, anomalies, and potential risks.
    • Provide actionable insights from data analysis to help inform decision-making in market surveillance and risk management.
  4. Regulatory Compliance
    • Ensure compliance with the regulatory requirements of the Securities and Exchange Commission of Pakistan (SECP) and other relevant authorities.
    • Prepare and submit regulatory reports, ensuring that the exchange meets all legal obligations and industry standards.
  5. Strategic Development
    • Develop and refine strategies for detecting and mitigating market risks, including implementing new tools, technologies, or processes.
    • Continuously assess and improve the risk management framework to adapt to changing market conditions.
  6. Collaboration and Reporting
    • Work closely with other teams, including trading, finance, and compliance, to ensure the effective execution of risk management and surveillance strategies.
    • Provide regular reports and updates to senior management regarding market conditions, risk exposure, and surveillance findings.
  7. Crisis Management and Problem Resolution
    • Act swiftly to address and resolve issues related to market irregularities, ensuring that risks are managed efficiently and the company’s reputation remains intact.
    • Take proactive steps to avoid future issues by identifying patterns that could indicate underlying problems.

Qualifications

To be successful in the role of Manager – Risk & Market Surveillance, candidates must meet the following qualifications:

  • Educational Background:
    • Bachelor’s or Master’s degree in Finance, Economics, Business, or a related field. Advanced degrees or professional certifications are a plus.
  • Experience:
    • Experience in risk management, market surveillance, or financial analysis is required. Candidates with a background in the financial markets or exchange operations will have a competitive edge.
  • Key Skills:
    • Risk Management: Strong ability to assess and mitigate risks in financial markets.
    • Market Surveillance: Experience with monitoring market behavior, identifying irregularities, and ensuring fair trading.
    • Data Analysis: Proficiency in analyzing complex financial data and identifying trends, anomalies, or potential issues.
    • Regulatory Compliance: Familiarity with compliance standards set by financial regulators, including SECP.
    • Communication Skills: Excellent written and verbal communication skills for creating reports, presenting findings, and collaborating with team members.
    • Problem-Solving: Strong analytical and decision-making abilities to quickly identify solutions in high-pressure situations.
  • Certifications (Optional but Advantageous):
    • Certifications such as FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or other relevant qualifications in finance or risk management are highly desirable.

Benefits

Working at PMEX comes with a range of benefits to support your career, personal well-being, and job satisfaction:

  1. Competitive Salary: Enjoy an attractive salary package based on your qualifications and experience.
  2. Career Advancement: Opportunities to grow professionally within the organization, with potential to move into higher management roles.
  3. Training and Development: Access to ongoing training programs to keep your skills sharp and stay up-to-date with industry trends and regulations.
  4. Health and Wellness: Health benefits and insurance coverage to ensure your well-being.
  5. Work-Life Balance: Flexible working conditions and a focus on maintaining a healthy work-life balance.
  6. Networking Opportunities: Work alongside industry experts and collaborate with professionals across various departments.
  7. Reputable Employer: PMEX is a respected institution in Pakistan’s financial sector, providing you with stability and a chance to work with leading professionals in the field.

Applying Guide

Interested in applying for the Manager – Risk & Market Surveillance role? Here’s how to get started:

  1. Tailor Your Resume
    • Emphasize your experience in risk management, market surveillance, or financial analysis.
    • Highlight any certifications such as FRM or CFA, if applicable.
    • Showcase your proficiency with data analysis tools and your understanding of regulatory compliance.
  2. Write a Compelling Cover Letter
    • In your cover letter, explain why you are passionate about risk management and market surveillance.
    • Detail how your experience and skills align with the responsibilities outlined for this role.
  3. Submit Your Application
    • Use the Easy Apply option or send your resume and cover letter to the designated email address to apply.
  4. Prepare for the Interview
    • Be ready to discuss your experience with financial risk management, market analysis, and your familiarity with regulatory requirements.
    • Showcase your problem-solving abilities and how you approach high-stakes situations in the financial sector.

FAQs

1. What is PMEX?
PMEX, or Pakistan Mercantile Exchange Limited, is Pakistan’s first and only multi-commodity futures exchange. It offers a range of domestic and international commodities and financial futures and is regulated by the Securities and Exchange Commission of Pakistan (SECP).

2. Do I need to have prior experience in the financial industry to apply?
While prior experience in the financial industry, especially in risk management or market surveillance, is preferred, candidates with relevant skills and educational background will also be considered.

3. What certifications would make me a stronger candidate for this role?
Certifications like FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly beneficial for this role and would make you stand out as a candidate.

4. Is this job on-site or remote?
This is an on-site role based in Karāchi, Sindh, Pakistan.

5. What are the key skills required for this role?
Key skills include risk management, market surveillance, data analysis, regulatory compliance, and strong communication skills.

Asad Hameed
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