Market Risk Analyst

2 weeks ago

Sandton, South Africa Absa Bank Limited Full time
Empowering Africa's tomorrow, together one story at a time.

  • With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary


To support the Market Risk Management process through carrying out comprehensive and quality Traded Market Risk functions as identified in the Traded Market Risk Framework.

The primary focus of the role is on Counterparty Risk Trading and other Trading desks

Job Description:

Accountability:
Risk and Control

  • Ensure compliance with all Cluster and Groupwide requirements and policies (including changes in accounting standards) are understood and communicated.
  • Ensure that any new developments in regulations and accounting standards impacting market and valuation risk are understood and implemented.
  • Develop product specific risk and valuation expertise to enable proactive risk management.
  • Reviewing risk and valuation adjustment methodologies for their appropriateness to ensure positions are marked to fair value.
  • Provide input into signoff of New Products, Structured Trade Review, New and Amended Curves that are generated from responsible business lines.
  • Have a good understanding of Market Risk regulations and provide guidance to the business on how this is impacted by risk taking

Accountability:
Risk Analysis and Reporting

  • Identify possible market and valuation risks by staying abreast of economic changes, market movements and position exposures.
  • Ensure accurate and complete market and valuation risk measurement.
  • Perform risk monitoring against limits, and ensure all controls are effective.
  • Analyse the market risks incurred daily to ensure a complete understanding of the risk profile.
  • Analyse the market risk exposures in relation to market movements to understand the drivers behind profit and loss data.
  • Daily and monthly risk reports to business and management.
  • Provide meaningful commentary to support risk analysis.
  • Provide relevant input to all governance forums. Daily & monthly risk reports to business and management.
  • Develop and provide management information (MI) and reports as required by stakeholders as determined and agreed from time to time.
  • Facilitate the compilation of reports by providing data and MI in a format that allows it to be utilised effectively to assist management in understanding the risk profile and assist in the decisionmaking processes.
  • Perform analysis of data to identify and report any trends that will assist in further improving the management of market and valuation risk.

Accountability:
Risk Appetite, Limit and Exposure Control

  • Review all risks on a daily/weekly/monthly basis.
  • Review and challenge the business on market risk exposures and positions.
  • Investigate any risk limit excesses and follow up for resolution.
  • Ensure all excesses are recorded and advised to relevant forums.

Accountability:
Projects and Innovation

  • Investigate new and better ways to enhance processes by measuring the effectiveness of all procedures.
  • Continuously improve and automate reports and implement best practices as relevant.
  • Risk assessment of new products and new business initiatives to ensure all related market and valuation risk can be identified, measured, monitored and reported on all risk platforms.
  • Perform adhoc projects as requested from time to time from Risk and other areas in the bank.

Accountability:
Relationship Management

  • Act as the primary contact point for all market and valuation risk related queries for allocated desks.
  • Provide technical market risk and valuation support to the Front Office, Product Controllers and Senior Management to ensure that all market and valuation risk control requirements are optimally met.
  • Liaise extensively with business and across infrastructure to build relationships, gain an understanding of the risks, processes and controls (front to back).
  • Maintain a professional relationship with all stakeholders across the business.
  • Proactively find value adds to the business and timeously respond to business needs
  • Timely escalation of potential issues to relevant stakeholders
Education

Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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