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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