Financial Risk Manager

4 days ago

Sandton, South Africa JSE Limited Full time

To implement and maintain a robust credit, liquidity, counterparty credit and market risk management infrastructure and performing quantitative functions to maintain market integrity and report on risks.

Results Delivery

  • Provide strategic thinking and contributions to crafting of departmental business plan based on professional knowledge and experience, to ensure delivery of focus areas for the year in support of departmental strategy.
  • Apply cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targets.
  • Provide relevant input into the formalisation for the divisional budget.
  • Implement a robust risk management plan by identifying weaknesses in the current framework, researching possible solutions, quantifying impact of the solution and finally presenting to governance committees and JSE EXCO to mitigate risks.
  • Measure performance by identifying and managing exposures to mitigate and minimise impact to the JSE and market participants.
  • Measure, monitor and report on credit, liquidity, counterparty credit and market risks and mitigate risks on a per risk basis.
  • Develop performance measures of risk mitigation.
  • Propose solutions by analysing risks using industry best practices, past experience and mathematical skills to develop a risk framework.
  • Assess and efficiently implement regulatory standards and requirements regarding settlement assurance.
  • Ensure systems, products or projects delivered contribute to improve client/JSE service by providing input on budgets, resources required and process based on the understanding of costs, business objectives and relationship with external suppliers and stakeholders.

Stakeholder Relationship Management

  • Build strategic JSE / Industry/ Global network of thought leaders and relationships utilising social media, attending conferences and training interventions.
  • Manage stakeholder relationships by understanding new products, investigating risks and advising on best solutions to consistently meet client's needs.
  • Build and maintain networks across the JSE by gaining information on existing and new products and assessing the risks thereof.
  • Provide risk monitoring tools such as dashboards, logs and escalate when necessary.

Process Performance Management

  • Manage own delivery against set delivery plan and set timelines, identify obstacles to delivery and take appropriate action where required.
  • Deliver work consistently by identifying, monitoring, measuring, managing, and reporting on Market, Credit, Counter Party credit, and Liquidity risk by measuring and analysing exposures, coming up with potential future scenarios and quantifying the impact those scenarios can have on the JSE, its clearing members and clients.
  • Identify risks for stakeholders and the JSE by applying First Principles and using thresholds and limits and historical information.
  • Apply and entrench Risk Management Frameworks and regularly conduct independent evaluations against performance thereof and report back to the board by reporting exposures and the business' performance against the same.
  • Compile and conduct risk evaluations using exposure reports to measure risks and identify new risks and escalate where appropriate.
  • Analyse results of daily risk quantification by comparing performance of model market performance against regime, quantify risk mitigation to assess whether the new mitigations need to be implemented and if so, at what stage.
  • Assess exposures and collateral placed against the exposure, reassess the exposure and calculate required collateral and report findings to the appropriate division.
  • Establish and monitor key risk indicators, as well as implement corrective action plans to mitigate risks.
  • Prepare exposure and various other reports on a regular basis for team, risk committees and board if relevant to the clearing members.
  • Participate in ad hoc projects by developing models and quantification procedures ensuring outputs meet business expectations.
  • Conduct research to keep abreast of best industry practices and regulatory changes to ensure effectiveness of the company's risk frameworks.
  • Conduct bank capital calculations and regulatory and economic capital quantification for the JSE to ensure the JSE stays solvent.
  • Liaise with regulators to respond to regulatory queries, comment on draft regulations and reporting to regulators.
  • Supply clients with information to help them understand capital requirements by applying methodologies and making information as intuitive and explanatory as possible.
  • Assist with queries when clients enquire on a valuation model and develop models for new products to help understanding.
  • Assess accuracy of valuation models on a regular basis by using methodologies and established processes and procedures.
  • Develop various new risk methodologies, document risk methodologies and implement risk methodologies after approval.
  • Assess new products by analysing the risk to JSE, conducting quantification on products, conducting and implementing risk mitigation methodologies, ensuring compliance with JSE.
  • Provide input into the new products committee by making recommendations on whether to support new products to ensure compliance with JSE standards.

Self-Management

  • Improve personal capability and professional growth relating to field of expertise, in line with JSE objectives by discussing development needs and proposed solutions with management.
  • Keep abreast of changes in legislation or standards by conducting research and utilising networks.
  • Upskill team and other professionals by sharing knowledge and research results.
  • Epitomise living the JSE values, displaying professional conduct and adherence to required technical standards.

Transformation and Innovation Contribution

  • Analyse, research, develop and implement improvement/innovative ideas and value adding solutions contributing to divisional and JSE results.
  • Degree in Risk (Essential) Post-graduate (Honours/ Masters).
  • Degree in Financial Quantitative field (Preferred).
  • 5 years risk management experience in a trading, investments quantitative or market risk environment.
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