Business Segment: Corporate & Investment Banking
The role requires the incumbent to take responsibility for rotational placement into a Market Risk middle manager's role for a specific desk/desks (rates, equities, forex, commodities etc.) in either SA and/or Africa regions in addition to acting as backup for the consolidated reporting function.
Qualifications
Minimum Qualifications:
Type of Qualification: First Degree
Field of Study: Mathematical Sciences
Type of Qualification: Post Graduate Degree
Field of Study: Office Administration
Experience Required:
Market Risk / Trading Market Risk
4-5 years
Good understanding of the market risk function in terms of the control component, market risk measures, and product types both linear and non-linear across the Rates and FX asset classes.
2-3 years
Knowledge of Global Markets Products and their valuations.
Key Responsibilities
Risk Oversight and Governance:
- Assess derivative products and their associated risk metrics for the specific country/desk.
- Automate manual processes in line with the digitization strategy.
- Assist in conducting stress testing to highlight key exposures.
- Monitor and resolve limit breaches within 24 hours.
- Follow up on breaches to ensure positions are brought in line.
- Monitor back-testing exceptions and act as needed.
- Participate in FRTB testing, tracking, and embedment.
- Calculate or review regulatory market risk capital submissions.
- Review product and limit mandates and ensure adherence to market risk policies and procedures.
Data Analysis and Reporting:
- Understand and analyze market dynamics in specific country/desk.
- Stay updated on financial market developments and critically analyze related output.
- Identify areas for improvement in Desk Risk Manager reporting.
- Complete accurate and relevant risk reporting for daily, monthly, and periodic reports.
- Perform continuous checks on appropriateness and accuracy of data used in risk measures.
- Include meaningful and insightful commentary in all risk-related reports.
- Conduct price validation of illiquid risk drivers.
- Enhance reporting processes to ensure accuracy and prioritize automation.
- Provide commentary explaining changes in output with respect to trading positions.
- Periodic rotations into the consolidated reporting function.
Stakeholder Engagement and Collaboration:
- Act as a Market Risk business lead in Global Markets system changes.
- Ensure proactively addressing matters from regular trader meetings.
- Participate in evaluating new business plans, new product implementation, and structured transactions.
- Collaborate with various internal teams, locally and centrally.
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