Market Risk Analyst
- Employer
- Network Recruitment
- Location
- Johannesburg Johannesburg, Gauteng Gauteng, South Africa
- Salary
- Competitive
- Closing date
- Nov 14, 2024
View more categoriesView less categories
- Job Role
- Risk Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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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:
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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