Market Risk Analyst

2 weeks ago


Pretoria, Gauteng, South Africa Kamo Placement Full time
Gauteng, Tshwane (Pretoria)

  • Annually Cost To Company (Market related, Negotiable)


The purpose of this position is to realise the responsibilities of the Risk Support Department (RSD) within the Prudential Authority (PA), which is housed in the company, in respect of the regulation and supervision of market risk, equity risk in the banking book, margin requirements and counterparty credit risk (risk types) emanating from the activities in which institutions falling under the supervisory scope of the PA participate.


JOB DESCRIPTION

  • Understand institutions' strategies and business models in the relevant environments to which the risk types relate.
  • Monitor the relevant industry's exposure to the risk types.
  • Monitor industry compliance with the regulations governing these risk types.
  • Benchmark institutions' risk management practices with respect to the risk types management best practice.
  • Evaluate institutions' internal models for the management of these risk types.
  • Provide specialist input with regards to the risk types to frontline supervision and policy development.
  • Develop analytical methods to analyse and interpret riskbased regulatory data submissions.
  • Participate in capital/own fund requirement adequacy assessments.
  • Contribute to riskbased meetings with representatives of institutions and their auditors.
  • Conduct thematic reviews pertaining to the risk types.
  • Inform RSD of the aggregate behaviour of banks pertaining to the risk types.
  • Develop and maintain regulations and instructions governing the statutory requirements for the risk types.
  • Develop internal policies and processes for supervising the risk types.
  • Participate in international and domestic forums related to the establishment of regulations pertaining to the risk types.
  • Ensure widespread cognisance and understanding throughout the PA of the concepts and developments in the field of the risk types.

JOB REQUIREMENTS
- a postgraduate degree (NQF 8) in Banking, Computer Science, Data Science, Economics, Finance, Mathematics or Statistics, or another relevant quantitatively focused postgraduate degree; and
- at least 5-8 years of applicable experience in the banking, insurance or financial regulatory sector in positions related to the risk types.

The following would be an added advantage:

  • being a Chartered Financial Analyst (CFA);
- being a Financial Risk Manager (FRM);
- having a Certificate in Quantitative Finance (CQF) or another appropriate industry-recognised certification; and/or
- having a Master of Business Administration (MBA) degree or another relevant Master's-level (or higher) management-related degree

For more information please contact:

  • Nthabiseng Sitai


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