(931) Market Risk Analyst (Insurance, Financial Market Infrastructure, and Cross-Sectoral) at South African Reserve Bank

Detailed description

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

• Understand institutions’ strategies and business models in the relevant environments to which the risk types mentioned above relate. 
• Monitor the relevant industry’s exposure to the risk types.
• Monitor industry compliance with the regulations governing these risk types.
• Benchmark institutions’ risk management practices with respect to best practice.
• Provide specialist input with regards to the risk types to front-line supervision and policy development.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Participate in capital/own fund requirement adequacy assessments.
• Contribute to risk-based meetings with representatives of institutions and their auditors.
• Conduct thematic reviews pertaining to the risk types.
• Develop and maintain regulations and instructions governing the statutory requirements for the risk types. 
• Develop internal policies and processes for supervising the risk types.
• Participate in international and domestic forums related to the establishment of regulations pertaining to the risk types.
• Ensure widespread cognisance and understanding throughout the PA of the concepts and developments in the field of the risk types.

Qualifications

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

• a postgraduate degree (NQF 8) in Banking, Computer Science, Data Science, Economics, Finance, Financial Mathematics, Financial Engineering or Statistics, or another relevant quantitatively focused postgraduate degree; and
• at least 5–8 years of applicable experience in the banking, insurance, financial market infrastructures or financial regulatory sectors in positions related to the risk types.

The following would be an added advantage:

• Chartered Financial Analyst (CFA) holder;
• Financial Risk Manager (FRM) or Professional Risk Manager (PRM) holder;
• Certificate in Quantitative Finance (CQF) or another appropriate industry-recognised certification