Market Risk Analyst

SUMMARY:
Our client, a renowned South African financial institution, is in search of a Market Risk Analyst to become a part of their team!

POSITION INFO:
This position entails assisting the Risk Support Department (RSD) under the Prudential Authority (PA), with a primary focus on overseeing and regulating market risk, equity risk in the banking sector, margin requirements, and counter-party credit risk.

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.

• Post-graduate Degree in Mathematics and Statistics, Banking, Economics, Data Science, Computer Science or another pertinent post-graduate 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.

• 5 to 8 years' experience in banking, insurance or relevant sector in a risk-type position.

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