Senior Risk Manager

Gauteng, JHB - Northern Suburbs
- Market - Related Annually Cost To Company (Market related, Negotiable)
- Our client a leading Financial Institution is looking for a Senior Risk Manager to lead a team of risk management professionals in defining and executing risk management practices, methodologies and governance arrangements that ensure that the company and its subsidiaries and their clients are adequately protected.

**Job Purpose**:

- To lead a team of risk management professionals in defining and executing risk management practices, methodologies and governance arrangements that ensure that the company and its subsidiaries and their clients are adequately protected against counterparty credit risk, investment risk and liquidity risk to create a robust framework of market integrity and enable the company to operate the markets it so chooses.

**Education**:

- **Essential Qualification** - Honours Degree in Mathematics, Statistics, Economics, Actuarial Science or related
- **Preferred Qualification** - Master’s Degree in Mathematics, Statistics, Economics, Actuarial Science or related, Team leadership/Management training

**Previous Experience**:

- At least 5 - 10 years in a risk manager role in a financial market’s environment

**Opportunities**:

- **Travel**:

- Regularly travelling away from the office (e.g., flying, driving) to conduct business.
- **Commission** - Working under a pay structure in which part of one’s income depends on measurable performance (e.g., commission sales).
- **Standardized Work** - Performing clearly defined, stable work assignments with established goals and procedures.
- **International Exposure**: Working in situations involving different cultures/languages and responding to the ambiguity of unexpected/unfamiliar approaches.
- **Position/Status**:Holding a position with a highly respected title or status relative to others in the organization.

**Key Responsibilities**:
1.Business and Financial Results Delivery
- Provide relevant input into the formalisation for the divisional budget (expenses forecasts, training needs).
- Provide strategic thinking and contributions to crafting of departmental business plan to ensure delivery of focus areas for the year in support of strategy.
- Provide professional advice and guidance with regards to the implementation of risk management practices, methodologies, and policy framework.
- Responsible for the risk identification, measurement, monitoring, and reporting of financial risks across the company Clear business lines.
- Coach team to ensure that tasks are completed in line with expected quality requirements and a culture of risk awareness is embedded across the post-trade area Establish and drive approval process for governance arrangements of the Central Counterparty.
- Ensure systems, products or projects delivered contribute to improving the company’s Clear service by providing input on budgets, resources required, and process based on the understanding of costs, business objectives and relationship with external suppliers and stakeholders.

2.Stakeholder Relationship Management
- Build strategic Clear/Industry/Global network of thought leaders and relationships utilising social media, attending, and presenting at conferences and training interventions Maintain relationships with internal and external stakeholders through structured processes to understand their requirements on risk advisory services and respond appropriately.

3.Process Management
- Manage delivery against agreed delivery plan and set timelines, identify obstacles to delivery and take appropriate action where required.
- Define, implement, and maintain a margining and counterparty credit and liquidity stress testing framework.
- Define, recommend for approval, and implement a sound risk management framework.
- Define, recommend for approval, and implement a sound risk management framework for the Bond ETP market by quantifying the exposure faced by the market participants, quantifying stressed exposures, and quantifying any risk mitigants needed to ensure that risk is appropriately managed in the Bond ETP market.
- Provide specialist support to all internal stakeholders by responding to complex quantitative queries to ensure overall business compliance.
- Advise the various risk committees on the risk tolerance levels.
- Draft and submit recommended risk policies to the company Clear's various governance committees.
- Influence and persuade governance committee members regarding policy and risk management decisions by presenting arguments effectively to strengthen the clearing house's risk management.
- Set a priority list of tasks to be executed by the team on an on-going basis (considering guidance given by various risk committees) and allocate them in line with skill sets and resources available to meet business requirements.
- Coordinate, review and oversee any regulatory submissions and queries, peer interaction and client information.
- allo