Head: Credit in Markets

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


Responsible for the overall management of Credit Risk within Global Markets, covering Structured Trading, Counterparty Risk Trading, Derivative Counterparty Exposure Management and Single Name issuer risk for South Africa and Africa.

The role spans both Market Risk and Credit Risk within Global markets, covering both the trading and banking books.

Specifically responsible for designing and operating within established frameworks, appetite, and limits by ensuring that market and credit risks are identified, measured, managed, reported and challenged.

The individual will be the central point of contact for the business regarding the measurement, limit setting and monitoring of market and credit risk arising from the credit trading and derivative portfolios.


Job Description:


Responsible for the overall management of Credit Risk within Global Markets, covering Structured Trading, Counterparty Risk Trading, Derivative Counterparty Exposure Management and Single Name issuer risk for South Africa and Africa.

The role spans both Market Risk and Credit Risk within Global markets, covering both the trading and banking books.

Specifically responsible for designing and operating within established frameworks, appetite, and limits by ensuring that market and credit risks are identified, measured, managed, reported and challenged.

The individual will be the central point of contact for the business regarding the measurement, limit setting and monitoring of market and credit risk arising from the credit trading and derivative portfolios.

The top priority for this position is providing a robust challenge to the business.

The position will require an ability to directly challenge desk heads on their risk taking, trading/hedging strategies, PnL and portfolio mix.

In addition, this position will need to assess the counterparty risk arising from the derivative portfolio, including advising business on credit risk mitigation strategies.


As a result, the incumbent will need clear and independent views with an excellent understanding of risk, PnL performance and stressed market conditions.


Specifically the role will be accountable for:

  • Senior risk officer with delegated mandate from credit to make risk decisions on CCR e.g. approvals and allocations of lines and management/responding to excesses working directly with frontline
  • Ownership for all credit risk in markets (single name issuer risk (SNI), xVA, Potential future exposure, collateral and counterparty MTM reporting)
  • Central team to provide complete view of credit risk exposure to a counterparty under crisis reporting
  • Chair of SNI and CCR management forums
  • Risk Metrics to incorporate
  • RDARR metrics on CCR exposure at default, RWAs, EC, EaR, etc
  • Point person for SA-CVA, SA-CCR and noncleared derivative regulations (regulatory engagement and responses)
  • Strong ability to collaborate with cross function e.g. closely working with large derivatives user segments Financial Institutions Credit and Coverage Teams
  • The individual will be a credit voter or sponsor for structured derivatives products in credit channels e.g.
CIB, Group and Board Credit Committees.

  • Derive functional mandate from CIB CCO and maintain strong relationship with CIB CCO and Group CCO in a matrix environment
  • Build and maintain CCR concentration risk management framew
  • Build, maintain and coordinate CCR crisis reporting framework in compliance with RDARR principles
  • Will be required to provide oversight and development of prime brokerage risk framework/function
  • Custody/Owner of CCR related policy and standards
  • Responsible for building a PAN Africa CCR monitoring framework using tools and systems available within CIB Risk/Global Markets
  • Provide training and mentoring of risk, finance, and front office staff.

Requirements:

  • The position requires a thorough understanding of global markets, cross asset class products traded by an Investment Bank and their associated risk measurement methodologies (value at risk (VaR), stress testing, XVAs, risk mitigation and valuation).
  • The job holder needs to have expert knowledge of risk management, credit products and second/third order sensitivities, including how these are hedged across all asset classes.
  • The role requires someone with big picture insight with an acute sense and appreciation for risk to ensure that the right balance between commercial interest and sound risk taking is achieved in support of both business growth and protection of the franchise from unexpected loss.
  • The job holder should understand the CIB strategy and objectives of the wider group and continu

  • Head: Credit in Markets

    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...

  • Head of Credit: Private Bank

    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 SummaryThe...

  • Head of Credit: Private Bank

    3 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 The...

  • Head Credit: Agriculture Sector

    3 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - 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 The...

  • Head Credit: Agriculture Sector

    2 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life Define your career with us 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 SummaryThe purpose...

  • Marketing Head

    3 weeks ago

    Sandton, South Africa The Change Lab Full time

    **JOB TITLE**: Marketing Head **REPORTING TO**: Managing Director **DEPARTMENT**: Marketing **JOB SUMMARY**: As the Marketing Head at the company Group, your role is to lead strategic marketing initiatives to enhance brand visibility, engage audiences, and drive revenue growth. You will collaborate with Sales teams to integrate Street Pole Ads into client...

  • Head Credit: Commercial Asset Finance

    3 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - 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 The...

  • Head of Marketing

    2 months ago

    Sandton, South Africa Clinix Health Group (Pty) Ltd Full time

    To plan, organise and execute all Marketing work at Head Office. The incumbent is responsible for the implementation of the Marketing tactical strategy with the overall objective of contributing to the increase in revenue and profitability of the business. **Minimum Qualifications and Experience**: - Bachelor Degree in Marketing Management or Sales or...

  • Head of Marketing

    1 week ago

    Sandton, South Africa Clinix Health Group (Pty) Ltd Full time

    To plan, organise and execute all Marketing work at Head Office. The incumbent is responsible for the implementation of the Marketing tactical strategy with the overall objective of contributing to the increase in revenue and profitability of the business. **Minimum Qualifications and Experience**: - Bachelor Degree in Marketing Management or Sales or...

  • Head of Marketing

    2 weeks ago

    Sandton, South Africa Clinix Health Group (Pty) Ltd Full time

    To plan, organise and execute all Marketing work at Head Office. The incumbent is responsible for the implementation of the Marketing tactical strategy with the overall objective of contributing to the increase in revenue and profitability of the business.Minimum Qualifications and Experience: Bachelor Degree in Marketing Management or Sales or related...

  • Head Of Marketing

    2 weeks ago

    Sandton, South Africa Clinix Health Group (Pty) Ltd Full time

    To plan, organise and execute all Marketing work at Head Office. The incumbent is responsible for the implementation of the Marketing tactical strategy with the overall objective of contributing to the increase in revenue and profitability of the business.Minimum Qualifications and Experience:Bachelor Degree in Marketing Management or Sales or related...

  • Head of Business Banking Credit Risk, Aro

    3 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - 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...

  • Marketing Head

    2 weeks ago

    Sandton, South Africa The Change Lab Full time

    JOB TITLE: Marketing HeadREPORTING TO: Managing DirectorDEPARTMENT: MarketingJOB SUMMARY:As the Marketing Head at the company Group, your role is to lead strategic marketing initiatives to enhance brand visibility, engage audiences, and drive revenue growth. You will collaborate with Sales teams to integrate Street Pole Ads into client strategies and oversee...

  • Head of Marketing

    2 weeks ago

    Sandton, South Africa Discovery Ltd. Full time

    Business Unit:MarketingFunction:Marketing ManagementDate:15 Nov 2023- Discovery Marketing Services Head of Marketing for HealthAbout Discovery Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align...

  • Head: Marketing and Innovation

    2 months ago

    Sandton, South Africa Pollock and Associates Full time

    **Head**: Marketing and Innovation FMCG / Food & Bev /Agri Sandton - Gauteng - South Africa We are on the lookout for an exceptional Head of Marketing and Innovation to join a fast-paced and highly entrepreneurial organisation. This pivotal role reports directly to the Head of Sales and Marketing, taking charge of the marketing team to meet and exceed...

  • Head: Marketing and Innovation

    12 hours ago

    Sandton, South Africa Pollock and Associates Full time

    **Head**: Marketing and Innovation FMCG / Food & Bev /Agri Sandton - Gauteng - South Africa We are on the lookout for an exceptional Head of Marketing and Innovation to join a fast-paced and highly entrepreneurial organisation. This pivotal role reports directly to the Head of Sales and Marketing, taking charge of the marketing team to meet and exceed...

  • Head: Marketing and Innovation

    1 week ago

    Sandton, South Africa Pollock and Associates Full time

    Head: Marketing and Innovation FMCG / Food & Bev /AgriSandton - Gauteng - South AfricaWe are on the lookout for an exceptional Head of Marketing and Innovation to join a fast-paced and highly entrepreneurial organisation. This pivotal role reports directly to the Head of Sales and Marketing, taking charge of the marketing team to meet and exceed...

  • Head of Marketing

    2 weeks ago

    Sandton, South Africa Discovery Ltd. Full time

    Business Unit:MarketingFunction:Marketing ManagementDate:15-Feb-2023- Discovery - Marketing Head of Marketing | In-house Schemes- About Discovery Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align...

  • Head of Business Banking Credit Risk, Aro

    2 weeks ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life Define your career with us 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 SummaryTo lead a...

  • Credit Controller

    4 weeks ago

    Sandton, South Africa IIE MSA and IIE Varsity College Full time

    **Direct Reporting Line** **Senior Credit Controller** **Varsity College** is an educational brand of The Independent Institute of Education (The IIE). The IIE enjoys the reputation of being at the forefront of private higher education in South Africa and is registered with the Department of Higher Education and Training (DHET) to provide higher education...