Market Risk Specialist

1 week ago


Johannesburg, Gauteng, South Africa Network Recruitment Full time
Job Title: Market Risk Analyst

Network Recruitment is seeking a highly skilled Market Risk Analyst to join our team. As a Market Risk Analyst, you will play a critical role in overseeing and regulating market risk, equity risk in the banking sector, margin requirements, and counterparty credit risk.

Key Responsibilities:
  • Comprehend the strategies and operational frameworks of institutions within the pertinent contexts relevant to the associated risk categories.
  • Oversee the exposure of the relevant industry to various risk categories.
  • Supervise industry adherence to regulatory frameworks governing said risk categories.
  • Evaluate institutional risk management practices against industry best practices for managing specific risk categories.
  • Assess the efficacy of institutions' internal models in managing specific risk categories.
  • Offer specialized insights into specific risk categories for frontline supervision and policy formulation.
  • Develop analytical methodologies for scrutinizing and interpreting regulatory data submissions based on risk.
  • Participate in assessments of capital adequacy and own fund requirements.
  • Contribute to risk-centric meetings involving institutions and their auditors.
  • Conduct thematic reviews addressing specific risk categories.
  • Report to the Risk Support Department (RSD) on aggregate banking behavior concerning specific risk categories.
  • Establish and uphold regulations and directives governing statutory requirements related to specific risk categories.
  • Formulate internal policies and procedures for overseeing specific risk categories.
  • Engage in international and domestic forums pertaining to the formulation of regulations concerning specific risk categories.
  • Ensure comprehensive awareness and comprehension across the Prudential Authority (PA) regarding concepts and advancements in the realm of specific risk categories.
Qualifications:
  • Postgraduate Degree in Mathematics and Statistics, Banking, Economics, Data Science, Computer Science or another pertinent postgraduate Degree with a quantitative emphasis.
  • Advantageous: Chartered Financial Analyst (CFA); Financial Risk Manager (FRM); Certificate in Quantitative Finance (CQF); and/or completing a Master of Business Administration (MBA) program or another applicable graduate-level qualification in management.
Work Experience:
  • 5 to 8 years' experience in banking, insurance or relevant sector in a risk-type position.


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