(1619) Market Risk Analyst-RSD at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas: 

• Understanding institutions’ strategies and business models in the relevant environments to which the risk types relates;
• monitoring the relevant industry’s exposure to the risk types;
• monitoring industry compliance with regulations governing these risk types;
• benchmarking an institution’s risk management practices with respect to the risk types management best practice;
• evaluating an institution’s internal models for management of these risk types;
• providing specialist input with regards to the risk types to front-line supervision and policy development;
• developing analytical methods to analyse and interpret risk-based regulatory data submissions;
• participating in capital/own fund requirement-adequacy assessments;
• contributing to risk-based meetings with representatives of an institution and their auditors;
• conducting thematic reviews pertaining to the risk types; and
• informing the RSD of the aggregate behaviour of banks pertaining to the risk types.

Regulation

• Developing and maintaining regulations and instructions governing statutory requirements for the risk types; 
• developing internal policies and processes for supervising the risk types; and
• participating in international and domestic related forums in the establishment of regulations pertaining to the risk types.

Training

• Ensuring widespread cognisance and understanding throughout the PA of the concepts and developments in the field of the risk types.

Job requirements

To be considered for this position, candidates must be in possession of:

• a postgraduate degree (at least NQF level 8) in Finance, Banking, Economics, Mathematics, Statistics, Computer Science, Data Science, or another relevant quantitatively focused degree; preference will be given to candidates with financial mathematics or financial engineering post-graduate qualifications;
• 5-8 years applicable experience in the banking, insurance or financial regulatory sector in positions related to the risk types;
• knowledge of, and experience in, the banking, insurance, and financial market infrastructure systems, financial products, regulations, and risk type approaches and models;
• asset class experience across equities, FX, fixed income, etc;
• thorough knowledge of the various standards developed by the international standard setting bodies related to the risk types at both a theoretical and practical level.

The following would be an added advantage: 

• Chartered Financial Analyst (CFA);
• Financial Risk Manager (FRM) certification;
• Certificate in Quantitative Finance (CQF) or another industry-recognised certification; and/or
• Master of Business Administration (MBA) or another relevant Master’s-level (or higher) management-related qualification.