Quantitative Risk Analyst (ALM) page is loaded Quantitative Risk Analyst (ALM) Apply locations Pinelands Johannesburg posted on Posted 12 Days Ago job requisition id JR-55612 Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The Group Treasury team is a key part of the Group Balance Sheet Management function. The team focuses on asset liability management, quantitative analytics, treasury management and funding management initiatives and investigations.
This is a dynamic team, with a strong focus on technical fluency and disciplined stakeholder engagement. Members of the team can be expected to gain broad exposure to areas such as treasury management, funding management, liquidity management, quantitative finance, complex legal, tax and regulatory issues, and corporate financial strategy.
The role will focus primarily on Old Mutual's Asset & Liability Management (ALM) practices and processes, as well as on the management and reporting of key financial risks.Key Result Areas ALM processes Drive ALM processes ensuring accuracy, managing timelines and propose process improvements
Communicate and engage with the various segments within Old Mutual with respect to liability translations involving alignment between liabilities and hedging instruments
Identify opportunities for ALM strategy optimisation
Financial Analysis Development and maintenance of relevant tools to perform quantitative analysis and interpretation of risk exposures and strategy performance
Collects and analyses quantitative financial data for use in market, credit and liquidity risk decision making
Consolidates and presents results of analyses meaningfully for a range of stakeholder groups
Works effectively within a team to design and execute quantitative experiments
Develop & Implement ALM Hedging Strategies Investigate key risks requiring mitigation
Monitor effectiveness of hedging strategies
Conceptualise and develop appropriate hedging strategies allowing for changes in the market and IFRS17 considerations
Product Development & Reviews Assist in the development of innovative product offerings with a focus on investment & ALM strategies
Ensure appropriate management of market and liquidity risks introduced on to the balance sheet by new products.
Develops appropriate financial modelling solutions for pricing, monitoring and managing market, credit and liquidity risks, and supports the review and refinement of existing models
Deep dive reviews of guaranteed liabilities and associated asset strategies for Old Mutual
Support on Corporate Annuity deal pricing and hedging
General Assist in ad-hoc strategic ALM projects
Where required, identify risks requiring additional mitigation and propose a relevant risk management strategy
Qualifications, Skills and Required Experience Essential: Relevant post-graduate degree (Actuarial, Finance, Financial Engineering) Additional professional qualification (e.g. FASSA, FIA, CFA, CERA, FRM) an advantage
3+ years' balance sheet management and/or actuarial finance experience within an insurance entity with a specific focus on asset and liability management and other Group Treasury activities Experience in life insurance valuations/ product together with a deep understanding of financial markets an advantage
Ability to work with light-touch supervision on projects or tasks
Strong communication skills including an ability to explain complex concepts and key issues effectively with the broader team
Capacity to take accountability for complex and potentially ambiguous pieces of work
Able to run and manage projects with durations varying between 3 to 6 months with a focus on remaining accountable until delivery of results
Dynamically respond to work requirements and changing situations
Pragmatic, and solution-focused; able to make trade-offs balancing between deliveries, and risks/costs
Must possess a wide range of skills and knowledge, including an actuarial background, quantitative finance, regulations and commercial acumen
Track-record of being able to work efficiently with seniors and subordinates, teams in and out of the organization, and consultants to ensure delivery
Communicate with various role-players to obtain the appropriate level of input, buy-in, and approvals for delivery
Advanced Excel skills essential. Ability to build/optimise financial models using a combination of C#, Python, VBA or similar an advantage
Competencies Execution
Strategic
Leading with Influence
Personal Mastery (Learning)
Collaboration (Relating)
Innovation (Perspective)
Customer First
Skills Education
Honours Degree (Hons) (Required)Closing Date
06 July 2024The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. The Old Mutual Story! About Us Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
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