Manager - Market Risk (Banking and Cross-sectoral)

-The main purpose of this position is to manage a team of market risk specialists within the Market Risk Division in the Prudential Authority (PA) at the South African Reserve Bank (SARB). -Detailed Description and analytics-focused, albeit with a significant amount of operational duties. - Conceptualise, monitor and manage operational work plans drawn from the division’s strategy (primarily focused on markets analysis, regulation and supervision) - Perform supervisory duties for relevant areas and financial institutions, including assessing compliance with applicable regulations and standards. - Develop fit-for-purpose regulatory instruments, including subsequent attendance to all post-implementation matters. - Conduct quantitative and qualitative research, and develop and implement appropriate analytical techniques, procedures and controls to enhance regulatory capability and supervisory depth. - Work collaboratively on relevant initiatives with other teams within and outside of the division, including providing expert technical input to supervisory teams, policy development specialists and other stakeholders. - Manage stakeholder engagements and relationships (internal and external to the PA). - Manage team performance, learning and development, succession planning and talent development. - Identify and mitigate risks related to own function, and ensure compliance with relevant governance frameworks. Job Requirements at least 8-10 years of relevant working experience in the financial services or financial regulatory sector; - relevant knowledge of and experience in the trading environment, market risk, counterparty credit risk and/or quantitative analytics (including model development, validation and so forth) focused on financial derivatives; and - at least 2 years of proven experience in managing teams. The following would be an added advantage: - being a Chartered Financial Analyst (CFA); - being a Financial Risk Manager (FRM); - having a Certificate in Quantitative Finance (CQF) or another appropriate industry-recognised certification; and/or - having a Master of Business Administration (MBA) degree or another relevant Master’s-level (or higher) management-related degree. Job-related knowledge: - a critical understanding of local and global financial markets, derivative instruments, financial risk management principles and margin practices; - sound knowledge of valuation adjustments, including credit, funding and so forth; - banks’ trading business model; - functional knowledge across the trading unit, technology enablement areas, product control, finance, market risk, counterparty credit risk, audit and so forth; - trading and risk management systems used by banks and other relevant supervised financial institutions; - pricing and risk models and methodologies across the trading environment; - knowledge of the relevant Basel frameworks, including the Basel Core Principles for Banking Supervision, market risk, counterparty credit risk, credit valuation adjustments and so forth; - working knowledge of the Banks Act 94 of 1990 and associated laws and regulations; - working knowledge of the various legislation and supervisory frameworks applicable to financial entities registered in South Africa; - an understanding of the critical issues and risks facing financial entities in South Africa, with a specific focus on financial markets; Job-related skills and attributes: - a robust yet adaptable management approach; - highly structured and methodical work techniques; - thought leadership; - problem-solving and analysis skills; - the ability to lead change; - establishing focus; - driving results; - promoting teamwork and collaboration; - developing and growing others; - a service and stakeholder focus; - being highly articulate; - effective verbal and written communication skills, including report writing; - building and maintaining relationships; - project experience; - high resilience; and - the capability to work in a high-pressure and complex environment. How To Apply All interested parties are invited to apply. - All available vacancies will be visible. - Login> - Is this your first visit to our Job Site?> Register today (Ensure that you include all your skills and qualifications during the registration process.); OR - Already registered on our Job Site?> Already registered?>Login here - Date posted>Last 6 weeks (in the dropdown menu) - Select the appropriate IRC number to view the full advertisement. **The Bank offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his or her experience and competence. Currency -ZAR -Amount of Travel -Work At Home