Risk Manager

8 months ago

Johannesburg, South Africa WePlace Full time

Our client, a leading Financial Institution is looking for a Risk Manager to implement and maintain a robust credit, liquidity, counterparty credit and market risk management infrastructure.

**Purpose**:
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.

**Business and Financial Result Delivery**:

- Provide relevant input into the formalisation for the divisional budget.
- Implement a robust risk management plan by identifying weaknesses in the current framework, research possible solutions, quantify impact of the solution and finally present to governance committees to mitigate risks.
- Measure performance by identifying and managing exposures to mitigate and minimise impact to the company and Market participants.
- Measure, monitor and report on credit, liquidity, counterparty credit and market risks and to mitigate risks on a per risk basis.
- Develop performance measures of risk mitigation.
- Propose solutions by analysing risks using industry best practices, 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 contributes to improve client 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 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 company by gaining information on existing and new products and assessing the of risks thereof.
- Provide risk monitoring tools such as dashboards, logs and escalate when necessary.

**Process Performance Management**:

- Deliver work consistently by identifying, monitoring, measuring managing, and reporting on Market, Credit, Counter Party credit, and Liquidity risk by measuring and analysing exposures, come up with potential future scenarios and quantify the impact those scenarios can have on the company, its clearing members, and clients.
- ** **Manage own delivery against set delivery plan and set timelines, identify obstacles to delivery and take appropriate action where required.
- 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 company to ensure they stays solvent.
- Liaise with regulators to respond to regulatory queries, comment on draft regulations and reporting to regulators.
- 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 the company, conducting quantification on products, conducting and implementing risk mitigation methodologies, ensuring compliance with the company.
- Provide input into the new products committee by making recommendations on whether to support new product to ensure compliance with the company’s standards.

**Transformation and Innovation Contribution**:

- Analyse, research, develop and implement improvement/innovative ideas and value adding solutions contributing to divisional results.

**Qualifications and Experience**:

- Degree in Risk (Essential)
- Post-graduate (Honours/ Masters) Degree in Financial Quantitative field

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