(1539) Junior Asset Liability Management Risk Analyst at South African Reserve Bank

Detailed description

The successful candidates will be responsible for, among other tasks, the following:

Supervision

• Review and evaluate ALM frameworks, liquidity strategies, reports, and stress testing methodologies submitted by insurers and FMIs, helping assess their robustness and effectiveness in managing risks;
• Assist in monitoring compliance with key requirements, including the Insurance Liquidity Ratio (ILR) under FSI 6, liquidity buffers, funding gaps, and integration of ALM risks into Own Risk and Solvency Assessments (ORSA);
• Process, analyse, and interpret risk-based regulatory data submissions to identify emerging vulnerabilities and sector trends;
• Support on- and off-site reviews of ALM-related risks for the insurance sectors and FMIs;
• Identify ALM-related risks by processing, reviewing and evaluating relevant applications from supervised institutions; 
• Provide specialist input with respect to ALM-related risks within the Prudential Authority (PA);
• Stay informed on global best practices and developments in liquidity and ALM risk management; and
• Assist in informing the PA on aggregate ALM/liquidity behaviours and risks across supervised institutions.

Regulation

• Assist with the development of internal policies and processes for supervising ALM and liquidity related risks. 

Qualifications

To be considered for this position, candidates should have a minimum:

• A postgraduate degree in Finance, Economics, Actuarial Science, Accounting, Computer Science, Risk Management, or a related field; and
• Up to two years’ applicable experience in the insurance or within risk management. 

The following would be an added advantage 

• Familiar with the liquidity risk papers published by the International Association of Insurance Supervisors and IOSCO
• Knowledge of the insurance liquidity standards (FSI 6, Solvency II, IFRS 17);
• Knowledge of FMIs liquidity risk management and PFMI compliance (Principle 7);
• Financial Risk Manager (FRM), Professional Risk Manager (PRMIA) or Chartered Financial Analyst (CFA); and 
• Excellent risk and control knowledge.