Financial Services Advisory (FSA): Capital Team: Trading Risk: Consultant-Assistant Manager at Deloitte

Job Description

Main Purpose of Job

To be a contributing team member on client engagements in the trading risk environment, including e.g. traded market risk, counterparty credit risks, etc.  Such client engagements / projects may include current state assessments; model reviews and validations; solution / model design, build and implementation – both with respect to the bank’s management needs or regulatory requirements.

To assist in the development and use of tools such as calculation engines and client solutions used for risk quantification and management in terms of the above risk types.

To support senior management with the administration and management of client engagements, as may be required from time to time, e.g., preparation of proposals, tracking of budgets, internal risk & independence processes, etc.

Willingness to travel internationally to support client engagements across e.g., UK, Europe, Middle East, Australia, subject to prevailing travel restrictions.

Qualifications

Qualifications & Experience required

You would need to have the following qualifications and experience:

• CA (SA) or degree/ honours/ Masters in Quantitative Risk Management; Actuarial Science or Financial Mathematics (Compulsory)

• Started or completed studies towards CFA, PRM or FRM for CAs and Financial Mathematics candidates (Preferable)

• Work experience in the treasury or trading risk environment of a bank (Required)

• Work experience with respect to the latest prudential (Basel) regulatory requirements in terms of trading risk (Preferable)

We are looking for skills and experience in any of the following areas (preferably 1 to 5 years of experience).

• Market risk

• Counterparty credit risk (CCR)

• Credit valuation adjustment (CVA) risk

• Fundamental review of the trading book (FRTB)

• Standardised approach to CCR

• Regulatory reporting

• Modelling capabilities (e.g., Python, VBA, SAS, Matlab, C# etc.)

• Trading / risk systems experience (e.g. Murex, FIS, Calypso, Algo, etc.)

• Valuation of financial instruments

• Front office, Middle office (e.g. product / valuation control) or Risk experience

• Experience in risk measurement and analysis in terms of all standard risk metrics (sensitivities, stress, VaR and tail metrics).

• Governance and controls, policies and procedure documentation.

Additional Information

What you’ll do / Specialized Competencies

You will be primarily responsible for execution on client engagements and growing the business.

The team:

• Analyses regulatory and other developments within South Africa, Africa, the Middle East and key markets which have a strong influence on local regulatory developments such as the UK, EU and the USA.

• Identifies clients and sectors impacted by the regulatory developments.

• Develops tailored sector and client-specific solutions in response to opportunities identified and assists clients in executing on these.

Through the adoption of a strategic and forward-looking approach to the identification and analysis of emerging financial services regulations and trends, we help our clients understand trends and the changing regulations and the impact that this can have on their strategies and underlying business models. The team possess several regulatory experts, who focus on interacting with those individuals at our clients charged with accountability to manage their organisation’s response to changes in financial services environment and regulations.

Key Competencies required:

• Financial and risk modelling across the abovementioned risk types

• Advisory support to clients on industry best practice and implementation of new Basel regulations in terms of models, governance & controls, organisational structure, policies, etc.

• Implementation support to clients on the abovementioned risk types and systems

• Support to management in terms of research, article writing, client presentations, client solution development and project management

Your role as a leader

At Deloitte we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters.

In addition to living our purpose, you will be expected to:

• Contribute to a high-performing team

• Deliver exceptional client service; maximize results and drive high performance while fostering collaboration across businesses and borders

• Influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people

• Understand key objectives for clients and Deloitte; align people to objectives and set priorities and direction

Key Performance areas

Strategic Impact

• Supports senior management on delivery of engagements / projects, managing the implementation of the agreed deliverables

• Tracks outputs against client agreements and reports to senior management on any unforeseen issues arising

• Assists in the preparation of proposals / tenders and presentations on request

• Is a support resource in planning of sales presentations

• Generates innovative solutions on projects / engagements in collaboration with team members to enhance / renew service offerings to client

Client Impact: External / Internal

• Performs various agreed tasks as part of client engagements / projects.

• Forms an understanding of client data, is able to produce data flow diagrams and transform data into required formats and conventions.

• Can produce regulatory capital calculations in Python, Excel, VBA etc.

• Can understand and can produce financial instrument valuations and sensitivities.

• Forms appropriate judgements based on careful analysis to makes sound business decisions on engagements / projects

• Develops productive, credible and trusting relationships with key players and their teams during assignments / projects

• Establishes and maintains strong relationships with team members and managers

• Contributes to thought leadership and shares knowledge and expertise with clients, colleagues and teams

Operational Effectiveness

• Identifies and addresses any areas of concern in outputs

• High quality of deliverables

• Communicates effectively both written and verbally to team members, clients and manager.

• Meets regularly with clients and teams to understand issues, anticipate needs and address these

• Consistently delivers  improvement on deliverables

• Keeps leadership updated on status of all assignments

• Communicates need for any changes in engagement / project plan to relevant leadership and obtains agreement for relevant amendments

• Provides ongoing communication to teams on status of engagement / project, changes, achievements, etc.

• Drives Deloitte values of exceptional service to clients, growing the firm’s brand and talent development

Development/Growth of Team

• Shares expertise and knowledge with team members on an ongoing basis

• Develops good working relationships with the team

• Maintains own development and knowledge in specialised area

Leadership/Behavioural Capabilities:

Living our Purpose - Behaves in accordance with Deloitte values; consistently challenges self to deliver outstanding quality and value and recognizes and explores opportunities for personal impact on clients and for colleagues and communities

Competitive Edge - Builds understanding of key traditional and non-traditional competitors in the market; uses awareness of broader, disruptive trends to identify potential implications for Deloitte; and uses own knowledge of emerging trends, (e.g., technology, social media, digital) to provide upward mentorship to leaders

Influence - Engages with others to build relationships and develop a network; demonstrates ability to understand the underlying interests and expectations of others; and respects and responds with sensitivity to the concerns and viewpoints of others

Performance Drive - Ensures they are clear on expectations and asks clarifying questions when needed; is aware of own strengths and uses them effectively to deliver high quality results; and assumes personal responsibility for achieving results and supports the team by taking on additional responsibilities when needed

Strategic Direction - Understands objectives and desired outcomes for assigned areas of responsibility and sets personal goals accordingly; and seeks to understand how specific areas of responsibility contribute to broader business objectives and outcomes

Talent Development - Solicits feedback to build understanding of own strengths and areas for development; actively participates in key learning and development opportunities for their level and acts as a brand ambassador with peers and colleagues to support attraction of top talent

Inspirational Leadership - Is aware of own strengths and limitations; demonstrates passion and authenticity in their work and interactions with others; respects differences; demonstrates appreciation for the contributions of others and understands and values the importance of trust; follows through on commitments.

 

*Please note that this job advertisement provides a summary of the capabilities required and all candidates shortlisted will receive a full list of capabilities.