Senior Traded Market Risk Analyst

6 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

**Job Description**:
Accountability: Risk and Control
- Ensure compliance with all Cluster and Group-wide requirements and policies (including changes in accounting standards) are understood and communicated.
- Ensure that any new developments in regulations and accounting standards impacting market and valuation risk are understood and implemented.
- Develop product specific risk and valuation expertise to enable pro-active risk management.
- Reviewing risk and valuation adjustment methodologies for their appropriateness to ensure positions are marked to fair value.
- Provide input into sign-off of New Products, Structured Trade Review, New and Amended Curves that are generated from responsible business lines.
- Have a good understanding of Market Risk regulations and provide guidance to the business on how this is impacted by risk taking.

Accountability: Risk Analysis and Reporting
- Identify possible market and valuation risks by staying abreast of economic changes, market movements and position exposures.
- Ensure accurate and complete market and valuation risk measurement.
- Perform risk monitoring against limits, and ensure all controls are effective.
- Analyse the market risks incurred daily to ensure a complete understanding of the risk profile.
- Analyse the market risk exposures in relation to market movements to understand the drivers behind profit and loss data.
- Daily and monthly risk reports to business and management.
- Provide meaningful commentary to support risk analysis.
- Provide relevant input to all governance forums. Daily & monthly risk reports to business and management.
- Develop and provide management information (MI) and reports as required by stakeholders as determined and agreed from time to time.
- Facilitate the compilation of reports by providing data and MI in a format that allows it to be utilised effectively to assist management in understanding the risk profile and assist in the decision-making processes.
- Perform analysis of data to identify and report any trends that will assist in further improving the management of market and valuation risk.
- Understand the impact of risks and exposure on the Market Risk capital utilisation.

Accountability: Risk Appetite, Limit and Exposure Control
- Review all risks on a daily/weekly/monthly basis.
- Review and challenge the business on market risk exposures and positions.
- Investigate any risk limit excesses and follow up for resolution.
- Ensure all excesses are recorded and advised to relevant forums.

Accountability: Projects and Innovation
- Investigate new and better ways to enhance processes by measuring the effectiveness of all procedures.
- Continuously improve and automate reports and implement best practices as relevant.
- Risk assessment of new products and new business initiatives to ensure all related market and valuation risk can be identified, measured, monitored and reported on all risk platforms.
- Perform ad-hoc projects as requested from time to time from Risk and other areas in the bank.

Accountability: Relationship Management
- Act as the primary contact point for all market and valuation risk related queries for allocated desks.
- Provide technical market risk and valuation support to the Front Office, Product Controllers and Senior Management to ensure that all market and valuation risk control requirements are optimally met.
- Liaise extensively with business and across infrastructure to build relationships, gain an understanding of the risks, processes and controls (front to back).
- Maintain a professional relationship with all stakeholders across the business.
- Proactively find value adds to the business and timeously respond to business needs
- Timely escalation of potential issues to relevant stakeholders.

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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