Flow Trading Market Risk Head

2 weeks ago

Johannesburg, South Africa FirstRand Full time

Job Description

To ensure oversight and management of market risk by defining and measuring adherence to risk appetite, limits and loss tolerance levels as a subset of the overall markets financial risk appetite, and ensuring support on aggregating risk appetite across these risk types.

To manage and supervise the operation of Market Risk Department in terms of interest rate risk management, liquidity management and behavioral modelling within the policies/procedures established by regulators, in order to ensure that potential losses to the Bank due to changes in market conditions are within the admissible limits.
- The Head of Market Risk role for the Flow Trading business in Markets has accountability for oversight and management of market risk across the Markets Flow Trading and FX portfolios by defining and measuring adherence to risk appetite, limits, and loss and earnings volatility tolerance levels as a subset of the overall RMB risk appetite.
- Identification, measurement, mitigation, and reporting of market risk exposures within the bank’s Trading and Banking book. The risk classes to be responsible for include among others: - general market risk, interest rate risk affecting both Trading and Banking books, foreign exchange rate risk, liquidity risk and contingency planning, commodity price risk, derivatives risk and general investment risk coupled with provision of support to the ALCO processes.
- Strengthen and manage the trading and market risk control interface with the traders and related functions including execution, middle office, and operations; including the risk limits and monitor the actual positions/Var/PL against limits.
- Ensure that adequate limits to manage interest rate and liquidity risk are set and approved on at least annual basis by local ALCO and that resulting market risks are properly calculated, reported, and managed in order to keep the potential losses due to changes in market conditions (interest and foreign exchange rates, credit spreads, behavioral assumptions) within admissible limits.
- Inform the relevant committees about the market risk position of the Bank and propose the management actions in order to allow senior management to steer the Business according to Strategy within the earlier agreed risk appetite statement.
- Ensure that market risks are understood and taken forward by various parties in the Bank. Implement forward looking market risk management approach (strong planning, sensitivity analysis, RAS forecasting) and ensure development/ maintenance of market risk models in order to adapt smoothly to the fast changing internal/external environment and ultimately save money for the Bank. Coordinate the work of the market risk management team with strong focus on people management in order to grow motivation, competencies and professional development of the team members. Ensure continued compliance with regulatory requirements and the Bank policies and minimum standards.
- Develop, document and review of all the relevant Market Risk and Derivative policies.
- Be responsible for the development and communication of the Market, Liquidity and Derivative Risk appetite and monitoring reports.
- Develop, monitor, report and review SLAs between Market Risk and its partner departments: Treasury, Foreign Treasury Services, Finance and Subsidiaries.
- Develop and prepare Market, Derivative Risk, and Liquidity Risk Stress test and presentation of the results.
- Coordinate the preparation of the pertinent market and derivative risk monitoring reports leveraging information sourced from Treasury, FTS, Finance.
- Analyze these reports with the team and compile the pack for dispatch to the ALCO members for their review before the meetings.
- Daily monitor Market Risk, Derivative Risk and Liquidity risk performance metrics/ratios against limits set under advice to senior management. The process will also involve giving recommendations in the form of scenarios to effectively manage market risk and revert liquidity back to normal in the event of breaches or anticipated breaches.
- Obtain exceptional approvals on potential breaches from Treasury or report limit breaches in accordance with the defined escalation hierarchies.
- Analyze and prepare Asset Liability Committee (ALCO) reports for Asset Liability Management (ALM) ad hoc or at least monthly.
- Follow up on issues raised in ALCO with the relevant business units to ensure resolution and provision of feedback to the committee.
- Administrative duties such as representing the unit in cross-functional business meetings provision of on job training to colleagues, preparation of process flows etc.
- Provide leadership and coaching to the Market Risk staff.
- Attend relevant training on emerging trends and practices within Market and Derivative Risk fields.
- Network within the profession and relevant associations to keep abreast with the industry.
- Coordinate assessment and promotion of internal controls and Market Risk

  • Head On Trade

    3 weeks ago

    Johannesburg, South Africa Adzuna ZA B C2 Full time

    HEAD OF ON TRADE (Hospitality) JHB NORTH 1.3 Million The liquor industry is competitive One of my clients have designed a role that requires someone from a Strong KAM background The clients that you are to have worked with are the big hotel groups, niche Bars like News Café and the likes (Non negotiable) The Ideal CandidateMust come from the On Trade space...

  • Trade Marketing Manager

    4 weeks ago

    Johannesburg, South Africa Unique Personnel Full time

    **Job Number** - 71690 **Job Type** - Permanent **Job Title** - Trade Marketing Manager **Computer Skills** - Ms Office **Industry** - Manufacture **City** - Johannesburg (Incl. Northern Suburbs) **Province** - Gauteng **Reporting to Head of Commercial** **Job Purpose** - Drive national sustainable, profitable growth of the product portfolios with...

  • Trade Marketer

    4 weeks ago

    Johannesburg, South Africa Umoja Recruitment Full time

    **Trade Marketer (Wholesale FMCG Industry)** **Roodepoort** **R432K + Cell phone + Petrol Card** Relevant Degree essential. 2 years in Trade Marketing or Marketing with Sales exp is essential. Your analytical/problem solving and excellent communication skills coupled with your advanced Excel and PowerPoint skills could secure you this very exciting...

  • Head of Business-to-business Marketing Meridian

    4 weeks ago

    Johannesburg, South Africa Managed People Solutions Full time

    **Meridian Wine Merchant**, an influential presence in the **wine industry**, is looking for an energetic and achievement-oriented individual to become a part of our team as the **Head of Business-to-Business Marketing,** located in the **Johannesburg area**. Rooted in a storied history and devoted to excellence, we are focused on providing outstanding wine...

  • Head of Treasury and Trade Solutions- South Africa

    4 weeks ago

    Johannesburg, South Africa Citi Full time

    **Head of Treasury and Trade Solutions - South Africa** This is an outstanding opportunity for a key role in or MEA cluster to be responsible for developing and executing the Treasury and Trade Solutions (TTS) South Africa business unit strategy, reporting to the MEA TTS Head with matrix reporting into the South Africa CCO. The position is critical to...

  • Market Risk Manager

    4 weeks ago

    Johannesburg North, South Africa Communicate Recruitment Full time

    One of the largest Audit Firms is looking for a Market Risk Manager. **Job & Company Description**: This company provides diverse services across multiple countries within Africa, which adds value and great opportunities to customers and employees from different cultures and backgrounds. You will work with a team of capital market specialists and will be...

  • Head of Marketing

    4 weeks ago

    Johannesburg, South Africa RecruitU Full time

    Job purpose The head of marketing leads a dynamic marketing team to shape the marketing strategy of the division across a diverse portfolio of top SA healthcare and personal care brands. The business and is responsible for driving the overall success of the marketing function, contributing to the company’s growth, and enhancing its market...

  • Senior Treasury Manager

    4 weeks ago

    Johannesburg, South Africa Isilumko Staffing Full time

    As a Treasury and Trading Manager, you will be responsible for overseeing all Treasury and Trading related activities, ensuring compliance with Head Office Treasury guidelines, ALCO, Credit, and Executive Management directives. Your role will involve managing cash positions, coordinating liquidity risk, setting Treasury Department parameters, and...

  • Head: Risk Management

    4 weeks ago

    Johannesburg, South Africa OutsideCapital Full time

    **Head: Risk Management**: - Our client is a wholly owned subsidiary of the 3rd largest reinsurance group in the world. They are looking to appoint a senior risk professional into the role of Head: Risk Management, reporting directly to the MD. - Duties & Responsibilities Key reponsibilities include: - The integration of risk strategy with business...

  • Head of Brand and Marketing

    4 weeks ago

    Johannesburg, South Africa WePlace Full time

    Our client a Leading Financial institution is looking for a highly skilled Head of Brand and Marketing to join their team. **Job Purpose** To lead and manage the group marketing function (marketing, brand, digital and events) with the aim of positioning the company’s brand locally and globally as a listing and trading venue of choice for companies,...

  • Head of Customer Marketing

    4 weeks ago

    Johannesburg, South Africa Diageo Full time

    Job Description: The Head of Customer Marketing has the accountability for leading the Customer Marketing team in South Africa. The purpose is to drive sell-out by creating value: for shoppers, for customers and for Diageo while developing commercial talent. They define and drive strategies focused on enabling Diageo to win at the moment of choice by...

  • Deputy Head of Marketing and Communications

    4 weeks ago

    Johannesburg, South Africa Foreign & Commonwealth Office Full time

    Job Description (Roles and Responsibilities) **Main purpose of job**: The UK’s Department for Business and Trade’s Africa network is hiring a Deputy Head of Communications and Marketing in Johannesburg. The DBT Africa region covers 20 markets, spanning almost 120 staff. DBT’s role is to promote UK trade and investment in the region and deliver trade...

  • Head of Credit, Risk and Collections

    4 weeks ago

    Johannesburg, South Africa People Source Full time

    Head of Credit, Risk & Collections - Retail Banking group in Sandton. Superb opportunity for a dynamic B Com with 10 to 12 years of Collections, Credit and Risk exposure within Retail Banking with strong legal and Compliance exposure, developing workflows and scoring models, data analytics, AI and risk modelling. As the Head of an established collections...

  • Senior Treasury Manager

    4 weeks ago

    Johannesburg, South Africa Isilumko Staffing Full time

    As a Treasury and Trading Manager, you will be responsible for overseeing all Treasury and Trading related activities, ensuring compliance with Head Office Treasury guidelines, ALCO, Credit, and Executive Management directives. Your role will involve managing cash positions, coordinating liquidity risk, setting Treasury Department parameters, and more.Key...

  • Senior Treasury Manager

    4 weeks ago

    Johannesburg, South Africa Isilumko Staffing (JHB) Full time

    As a Treasury and Trading Manager, you will be responsible for overseeing all Treasury and Trading related activities, ensuring compliance with Head Office Treasury guidelines, ALCO, Credit, and Executive Management directives. Your role will involve managing cash positions, coordinating liquidity risk, setting Treasury Department parameters, and more.Key...

  • Senior Treasury Manager

    4 weeks ago

    Johannesburg, South Africa Adzuna ZA B C2 Full time

    As a Treasury and Trading Manager, you will be responsible for overseeing all Treasury and Trading related activities, ensuring compliance with Head Office Treasury guidelines, ALCO, Credit, and Executive Management directives. Your role will involve managing cash positions, coordinating liquidity risk, setting Treasury Department parameters, and more.Key...

  • Senior Treasury Manager

    3 weeks ago

    Johannesburg, South Africa Isilumko Staffing (JHB) Full time

    As a Treasury and Trading Manager, you will be responsible for overseeing all Treasury and Trading related activities, ensuring compliance with Head Office Treasury guidelines, ALCO, Credit, and Executive Management directives. Your role will involve managing cash positions, coordinating liquidity risk, setting Treasury Department parameters, and more. Key...

  • Trading Administrator

    4 weeks ago

    Johannesburg, South Africa SPECD (Pty) Ltd Full time

    Gauteng, JHB - Northern Suburbs - (Market related, Negotiable) **Our Client in the Hospitality and Gaming industry is looking to employ an experienced TRADING ADMINISTRATOR to **conduct trading administration and provide general support to the department in ensuring the seamless implementation and consistent delivery of services provided by the department...

  • Internal Auditor Market and Enterprise Risk

    3 weeks ago

    Johannesburg, 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 To...

  • Trade Transactor

    4 weeks ago

    Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: **purpose**: - The role is primarily responsible for trade engagement throughout the product value chain to drive the following: 1. Driving a Trade focussed value proposition to become a market leader in Trade Finance 2. In an Advisory capacity, be a Subject Matter Expert on trade finance...