Financial Services Advisory (FSA): Capital Team: Trading Risk: Manager/Senior Manager at Deloitte

Job Description

Main Purpose of Job

To lead 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 lead 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.

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 5-10 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

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 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

• Research, article writing, client presentations, client solution development and project management

Key Performance areas

Strategic Impact

Implements our business strategy within area of responsibility including:

• Revenue targets

• Talent management

• Communication to teams

• Tracking of plans in engagements / projects 

Actively identifies sales opportunities in broader market

Preparation of proposals/tenders and presentations

Participates in sales presentations and client negotiation teams for new and retained business

Grows market network with key players and builds long-term relationships

Builds relationships across Deloitte service lines for cross-selling opportunities and combined engagement pursuits

 Identifies innovative solutions on projects / engagements to enhance / renew service offerings to client

Drives own client portfolio and profitable book of business

Client Impact: External / Internal

Lead client engagements / projects

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

Builds a network of senior-level internal relationships across Deloitte to understand other business unit offerings and to market own area

Establishes and maintains strong relationships with external business leaders across industries

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

Operational Effectiveness

Manages engagement/project risk through supervision of completion of required documentation and processes as mandated by Risk & Independence, as well as risk to client confidentiality

Leads / manages complex client engagements and maintains high level oversight of all engagements / projects within sphere of responsibility

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

Consistently drives improvement on deliverables through effective leadership

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

Mentors and develops team members and counselees on an ongoing basis

Empowers managers through appropriate delegation of work

Develops close working relationships with key talent

Maintains dynamic succession plans for every critical resource, depending on the profile / need expertise

Maintains own development and knowledge in specialised area and business

Demonstrates commitment to transformation agenda of the firm

Provides consistent recognition and encouragement to teams and leads by example

Budgets / Profitability

Construct engagement teams with suitable talent, balancing correct levels and numbers and recruiting as necessary

Manages margins effectively through accurate budgeting, pricing and profitability management on engagements

Monitors that time and expenses to engagements are recorded and submitted weekly

Ensures billings are timeously done and collections followed up

(May) negotiate pricing for engagements to ensure profitability whilst maintaining client interests

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.

Leadership/Behavioural Capabilities:

Living our Purpose - Leads by example; is a role model in living our values; inspires others to raise the bar and deliver outstanding value to our stakeholders, colleagues and communities; seeks out opportunities to recognize individuals and teams for the impact they make; and connects their contributions with our broader purpose.

Influence - Builds broad and deep relationships, that span organizational boundaries, and include a diverse network of internal and external stakeholders; effectively uses a wide range of influencing tactics, can respond effectively to complex organizational or political climates; anticipates potential conflict based on knowledge of interpersonal and group dynamics; and proactively takes steps to prevent or resolve it.

Strategic Direction - Clearly communicates direction to team(s) in line with overall global, business and member firm strategies; capable of creating, owning, and articulating a compelling vision and goals for multiple teams, and helping people at all levels to understand how the parts fit together into a whole.

Talent Development - Identifies skills needed for the future, spots and develops high-potential talent to meet emerging needs; coaches and mentors managers and other team members to develop and capitalize on their strengths and prepare them for transition to the next level; and creates an experience within the teams they lead that attracts and retains top talent.

Performance drive - Aligns team roles with individual strengths to build and inspire high-performing teams; coaches and empowers team members to stretch their capabilities and ensures they have access to the right resources, within and across businesses and borders, to deliver results and provides timely recognition and feedback, while holding people and teams accountable for results.

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