Derivatives Regulations Risk Specialist

2 months 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

Seasoned Derivatives/SFT/regulations expert to support XVA trading desk. Work closely with XVA desk in support of Pan Africa strategic initiatives impacting the global markets desks workflows and leverage across many pan African teams/functions to assess issues, quantify their impact and provide suggestions for remediation. Will maintain a strong relationship with a variety of system owners to ensure that the processes are globally aligned.
- Operational Skills - good understanding of XVAs, Prime and FIC Businesses,
- Analytical Skills - understand underlying problematic issues and provide suggestions
- Regulatory Skills - capacity to handle regulatory topics
- Communication Skills - ability to communicate with the trading and other teams
- Flexibility /Adaptability - ability to handle special request in short period
- Ability to take initiative
- Ability to Work Under Pressure - ability to handle very high business requirements
- Teamwork - Able to integrate a multi-cultural team
- Preferably a previous experience in Investment Banking with exposure to Market risks/product control and valuation topics.
- CA/BCom or similar
- Good knowledge of Sigma/or exposure to XVA system build.
- Thorough understanding of and experience in XVA management and Counterparty Credit Risk processes such as PFE
- Thorough understanding of risk reporting including drill down capabilities required at various levels
- Strong understanding of Derivative transaction life-cycle management from both a Front and Back Office perspective
- Extensive knowledge of OTC Derivatives (both Plain-Vanilla and Exotic) including valuation models and methodologies. Exposure to other Asset Classes (Commodities, Credit, Equities and FX) a plus
- In-depth familiarity with Product Structures, Curve Building, Pricing Models, Risk and Market and Reference Data
- Excellent verbal and written communication and interpersonal skills including presentation skills and negotiation skills.

**Job Description**:

- Facilitate implementation of regulatory capital requirements from a business strategy perspective, with specific focus on revised Basel framework
- Handle the main part of the special requests coming from Front Office
- Interact with other lines of business within Global Markets and support areas regarding bigger projects requiring the intervention of other department (including Finance, Middle Office, Risk, Technology, Quants, Legal, etc.)
- Report on a timely basis and escalate issues to management at the appropriate time.
- Work with Product controller's, Market risks teams on a Pan African basis and numerous teams within the bank

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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