Risk Manager

3 weeks ago


Johannesburg, South Africa Aquarius Recruitment Full time

**OVERVIEW**:
Our client is a large scale global, Corporate Bank looking for an Assistant Manager (Middle Office) to join their team of diversified, international professionals in their Johannesburg Risk Management department.

The Johannesburg branch, based in Sandton, aims to become a key bank in the Southern African region by actively focusing on Sino
- African trade, increasing its reach and contribution as a regional organization, and providing clients with robust and efficient financial services.

**MAIN PURPOSE OF THE ROLE**:
Take responsibility for middle office, counterparty credit risk and market risk function. Perform middle office duties. Monitoring of market risk. Monitoring of counterparty credit risk

**MINIMUM QUALIFICATIONS & EXPERIENCE**:
Bachelor Degree in Commerce (or similar)

Audit background (preferred)

2-3 years in Banking (treasury - preferred)

**ESSENTIAL COMPETENCIES**:
Strong analytical and interpretation skills

Ability to multitask with adhoc requests and deliver within deadlines

Ability to maintain, manage and implement policies and procedures

Strong excel and reporting skills

Management of market risk and counterparty credit risk

Knowledge of treasury products in banking

KPA/ STRATEGIC BUSINESS DELIVERABLES

**Performing middle office duties**:
Complete end of day procedure by review the trading blotters completed by Treasury in comparison to the system trading reports for completeness and accuracy, and update the end of day bond prices

Monitor and review parameter and product setting in NGS for Treasury related business, as per the DoA.

Ensure all counterparty limits are valid and renewed on time.

Monitor the purchase of bonds and ensure all limits are valid and the purchases are within the set limits, set tenors and DoA

Monitor and ensure all system allocations and deal bookings are as per the DoA.

Complete and submit the deleted and amended deals report to HO

Complete and circulate the daily trading report

Complete the price deviation report and as well as the market supervisory report to HO

Monitor the Intraday and overnight open positions as per the Head Office limits and review the NGS OPM folder group quarterly.

Update and circulate the daily rates

Complete the day Trail balance reconciliation report.

**Monitoring of market risk**:
Monitor daily the indicators set for market risk to ensure there are no breaches on the set thresholds.

Updated the market risk indicators with daily, weekly, monthly, quarterly and yearly movements.

Report to the risk department head any breaches.

Complete an annual review of the set thresholds of all the market risk indicators set and obtain approval from the ALCO.

Assist with any ad-hoc queries regarding market risk.

**Monitoring of counterparty credit risk**:
Ensure all the counterparty limits are valid and adhered to.

Ensure all counterparties have a valid credit rating and are valid.

Complete the SACCR daily report and circulate it.

Assist with any ad-hoc queries regarding counterparty credit risk.

Complete the IFRS 9 Staging Reporting for IFRS 9 calculation

Complete the IFRS 9 ECL calculation

Complete impairment forecasts as and when required.

Complete and circulate the daily concentration report.

Monitor collateral and cash margin notifications

Other

Completing and circulating the Liquidity risk reporting to the Branch and Head Office.

Review all rollover, drawdown and risk classification forms.

Complete and circulate the Credit Limit Monitoring Report.

Review and ensure compliance of the covenants requirements by all counterparties.

Drawdown centre administrator

Perform Secretarial duties for the credit committee



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