Financial Risk Specialist

5 months ago

Johannesburg, South Africa VALR Full time

**Purpose of the job**

To identify, assess, and mitigate risks across VALR’s entire trading platform and to establish a world-class financial risk management framework.

**What will you be doing**

Product Development
- Involvement with the product team in building a comprehensive understanding of our derivative products including contract specifications, the underlying matching engine, funding rates, P&L reconciliation and liquidation mechanics.
- Provide direct input into product design and specifications.

Risk assessment and identification:

- Conduct comprehensive risk assessment to identify potential risks relating to derivative products including futures and options.
- Conduct scenario modeling for macro-economic and market stress situations.
- Stay updated on industry trends, regulatory changes, and emerging risks that could impact the exchange specifically in relation to derivatives.

Risk mitigation and control:

- Develop and implement risk mitigation strategies and controls to minimize the exchanges exposure to identified risks.
- Establish and monitor key risk indicators (KRIs) and thresholds to detect early warning signs of potential risks.
- Work closely with relevant departments to ensure the effectiveness of risk mitigation measures and control frameworks.

Policy and procedure development:

- Develop and update risk management policies procedures and guidelines in compliance with regulatory requirements and industry best practices.
- Communicate and train staff on risk management policies and procedures to promote a strong risk culture throughout the organisation.
- Conduct regular reviews and audits to ensure adherence to established policies and procedures.

Risk reporting and communication
- Prepare and present risk reports to senior management and the board of directors, highlighting key risks, trends, and recommendations for risk mitigation.
- Foster effective communication and collaboration with stakeholders across the organisation, including business units, legal compliance, and internal audit teams.

Risk monitoring and analysis
- Monitoring risk exposures and perform regular risk assessments to ensure the bank’s risk appetite and tolerance levels are maintained.
- Utilise risk management tools and systems to track and analyze risk-related data.
- Conduct scenario analysis and stress testing to evaluate the exchanges resilience to adverse events or market conditions.
- Design, implement and improve risk framework and policy in line with organization risk strategy and market changes to prevent, eliminate and mitigate risks.
- Conduct timely risk analysis on derivatives products through quantitative models and other statistical methods, including simulation mode, scenario analysis and stress tests to identify and monitor risks.
- Identify existing and potential risk events that may cause serious loss to the exchange or clients and propose solutions to mitigate the risks.
- Build and improve risk indicators for automated monitoring purposes including real time alerts, daily and weekly reports.
- Collaborate with business, product and technical teams to improve products and features including index, liquidation, liquidity and trading rules from time to time.
- Responsible for overseeing all risk indicators and alerts and ensure appropriate actions are taken to resolve incidents or risk events.

**What we look for in you**

Skills relevant to the job include the education and/or experience, specialized training, and competencies required.
- Bachelor’s or Master's degree in finance, economics, financial risk management, or a related field.
- Extensive experience (typically 6+ years) in financial risk management, preferably within the financial services or cryptocurrency industry.
- Strong knowledge of cryptocurrency markets, trading platforms, and blockchain technology.
- Familiarity with relevant regulatory frameworks and compliance requirements in the crypto space.
- Proficiency in risk assessment methodologies, risk modeling techniques, and risk mitigation strategies.
- Strong understanding of operational, financial, and compliance risk associated with cryptocurrency trading and investments.
- Have a deep understanding of derivatives products i.e. futures, spot margin trading, options and the cryptocurrency industry.
- Major in Mathematics, Financial Engineering, Finance, Physics and Data Sciences or other related STEM. Holder of FRM, CFA or other related certificates are preferred.
- 3+ years of relevant experience in risk management, quantitative trading or research work within the crypto derivatives industry is highly preferred but nor a requirement.
- Able to demonstrate good coding skills, familiar with big data processing and analysis such as Hive(SQL), Python and be able to build the quantitative model from large and complex datasets and good at data visualization.
- Able to demonstrate strong quantitative, analytical and problem solving skills, and have ability to work

  • IT Governance, Risk and Compliance Specialist

    6 months ago

    Johannesburg, South Africa National Risk Managers (Pty) Ltd Full time

    A Medical Insurance Company based in Benoni, Gauteng is looking for a **IT Governance, Risk and Compliance Specialist** who will assist in the development and implementation of IT Governance frameworks and IT controls following appropriate methodology approved by management that is aligned with international and financial industry standards (e. g, GOI...

  • IT Governance, Risk and Compliance Specialist

    5 months ago

    Johannesburg, South Africa National Risk Managers (Pty) Ltd Full time

    A Compliance Company based in Benoni is looking for a IT Governance, Risk and Compliance Specialist who will Assist in the development and implementation of IT Governance frameworks and IT controls following appropriate methodology approved by management that is aligned with international and financial industry standards. And advise the company on best...

  • Financial Risk Management Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    About the Role:We are seeking a skilled Financial Risk Management Specialist to join our team at Network Recruitment.This is a fantastic opportunity for a talented professional to contribute to the success of our clients in the financial services sector.Key Responsibilities:Collaborate with senior managers to deliver high-quality valuation and risk analysis...

  • Financial Risk Management Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    We are seeking a highly skilled Financial Risk Management Specialist to join our team at Network Recruitment. As a key member of our Actuarial & Analytics team, you will play a critical role in helping our clients navigate complex financial landscapes.The ideal candidate will possess a strong understanding of risk management and financial analysis, with the...

  • Senior Financial Risk Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Description:We are seeking a highly skilled Senior Financial Risk Specialist to join our finance team in Rosebank. This is a great opportunity for a detail-oriented individual with strong financial analysis skills and a keen ability to make informed decisions in a fast-paced environment.Key Responsibilities:Conduct in-depth credit assessments of new and...

  • Financial Risk Management Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Network Recruitment is seeking a highly skilled Financial Risk Management Specialist to join our finance team in Rosebank. The successful candidate will be responsible for evaluating the creditworthiness of potential and existing clients, making recommendations based on comprehensive financial assessments, and mitigating risk exposure to the company.This is...

  • Financial Risk Management Specialist

    4 days ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job OverviewNedbank is seeking an experienced Financial Risk Management Specialist to join our team in Johannesburg, Gauteng. As a key member of our Credit Value Management department, you will be responsible for managing and maintaining risk-adjusted pricing and risk ratings in accordance with Basel requirements.Key Responsibilities:Align with the bank's...

  • Financial Services Risk Management Specialist

    5 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job SummaryWe are seeking a highly skilled Financial Services Risk Management Specialist to lead cutting-edge projects in the financial services sector.About the RoleDevelop and implement risk, capital, and liquidity management frameworks.Advise on regulatory capital requirements, balance sheet management, and financial resources optimization.Lead...

  • Quantitative Risk Specialist

    4 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Quantitative Risk Specialist OpportunityWe are seeking a skilled Quantitative Risk Specialist to join our team at Network Recruitment. As a key member of our Quantitative Analytics and Liquidity Risk Management division, you will contribute to innovative solutions that drive the effective management of market risks, leveraging cutting-edge technologies and...

  • Quantitative Risk Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Quantitative Risk SpecialistNetwork Recruitment is seeking a skilled Quantitative Risk Specialist to join our team. As a key member of our Quantitative Analytics and Liquidity Risk Management division, you will contribute to innovative solutions that drive the effective management of market risks. Your responsibilities will include:Designing and implementing...

  • Risk Management Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Title: Risk Management SpecialistAbout Us:Network Recruitment is a leading recruitment agency that specializes in placing top talent in various industries. We are committed to providing exceptional service and supporting our clients in finding the best candidates for their needs.About the Role:We are seeking a highly skilled Risk Management Specialist to...

  • Credit Risk Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Career-seekers Recruitment Solutions Full time

    Credit Risk Specialist OpportunityOur company, Career-seekers Recruitment Solutions, is seeking a skilled Credit Risk Specialist to join our team. As a Credit Risk Specialist, you will be responsible for evaluating the creditworthiness of potential clients and making recommendations regarding credit limits, terms, and conditions.Key Responsibilities:Review...

  • Risk Management Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Risk Management SpecialistAt Network Recruitment, we're seeking a seasoned Risk Management Specialist to enhance our risk management strategies in the banking and financial services industry. With over 4 years of experience, you will be responsible for developing and implementing risk appetite frameworks and strategies to align with business...

  • Risk Management Specialist

    1 month ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Title: Risk Management SpecialistWe are seeking a highly skilled Risk Management Specialist to join our team in Johannesburg, Gauteng. The ideal candidate will have experience in overseeing multiple departments within an organization, including Insurance, Financial, Legal, and Credit Division. The role involves ensuring compliance with regulatory...

  • Strategic Risk Governance Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Title: Strategic Risk Governance SpecialistAbout the Role:We are seeking a seasoned Risk Management Specialist to join our team at Network Recruitment. As a Strategic Risk Governance Specialist, you will be responsible for developing and implementing risk appetite frameworks and strategies to align with business objectives.Key Responsibilities:* Develop...

  • Financial Services Risk Management Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    About Network RecruitmentNetwork Recruitment is a leading recruitment agency that specializes in connecting top talent with innovative organizations.We take pride in understanding the unique needs of our clients and candidates, providing personalized service that delivers results.Job Title: Financial Services Risk Management SpecialistJob Summary:As a...

  • Financial Surveillance Consultant

    5 months ago

    Johannesburg, South Africa Accounting & Financial Advisory Full time

    Job Title: Financial Surveillance Consultant Job Summary: **Responsibilities**: - Conduct comprehensive financial surveillance and monitoring activities to identify potential risks, irregular activities, and suspicious transactions. - Analyze financial data to detect potential money laundering, fraud, or other financial crimes. - Utilize various tools and...

  • Financial Risk Manager

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job SummaryA large consulting firm, Network Recruitment, is seeking an experienced Financial Risk Manager to join its Credit Risk and Capital Management team. This dynamic role involves developing and reviewing statistical models that quantify financial risks. The successful candidate will be a technical specialist in auditing and developing credit risk...

  • Financial Compliance and Risk Management Specialist

    6 days ago

    Johannesburg, Gauteng, South Africa HR Genie Full time

    Company OverviewWe are a leading recruitment agency, HR Genie, dedicated to connecting talented professionals with exciting job opportunities.About the RoleWe are seeking a highly skilled Financial Compliance and Risk Management Specialist to join our team. The successful candidate will be responsible for ensuring that our financial operations are in line...

  • Risk Management Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    We are seeking a seasoned Risk Management Specialist to ensure compliance with regulatory requirements and internal policies in our organization. Key responsibilities include:Conducting risk assessments to identify potential threats and vulnerabilities.Developing and implementing compliance policies and procedures.Monitoring regulatory developments and...