Manager, Market Risk at Standard Bank Group

Job Description

The role requires the incumbent to take responsibility for rotational placement into a Market Risk middle managers role for a specific desk/desks (rates, equities, forex, commodities etc.) in either SA and/or Africa regions in addition act as backup for the consolidated reporting function.

Qualifications

Minimum Qualifications
Type of Qualification: First Degree
Field of Study: Mathematical Sciences
Type of Qualification: Post Graduate Degree
Field of Study: Office Administration

Experience Required

Market Risk / Trading Market Risk

4-5 years

• Good understanding of the market risk function in as far as the control component, market risk measures and product types both linear and non-linear across the Rates and FX asset classes:

2-3 years

• Knowledge of Global Markets Products and their valuations.

Key Responsibilities

Risk Oversight and Governance

• Assess derivative products and their associated risk metrics for the specific country/desk.
• Automate manual processes in line with the digitization strategy.
• Assist in conducting stress testing to highlight key exposures.
• Monitor and resolve limit breaches within 24 hours.
• Follow up on breaches to ensure positions are brought in line.
• Monitor back-testing exceptions and act as needed.
• Participate in FRTB testing, tracking, and embedment.
• Calculate or review regulatory market risk capital submissions.
• Review product and limit mandates and ensure adherence to market risk policies and procedures.

Data Analysis and Reporting

• Understand and analyze market dynamics in specific country/desk.
• Stay updated on financial market developments and critically analyze related output.
• Identify areas for improvement in Desk Risk Manager reporting.
• Complete accurate and relevant risk reporting for daily, monthly, and periodic reports.
• Perform continuous checks on appropriateness and accuracy of data used in risk measures.
• Include meaningful and insightful commentary in all risk-related reports.
• Conduct price validation of illiquid risk drivers.
• Enhance reporting processes to ensure accuracy and prioritize automation.
• Provide commentary explaining changes in output with respect to trading positions.
• Periodic rotations into the consolidated reporting function

Stakeholder Engagement and Collaboration

• Act as a Market Risk business lead in Global Markets system changes.
• Ensure proactively addressing matters from regular trader meetings.
• Participate in evaluating new business plans, new product implementation, and structured transactions.
• Collaborate with various internal teams, locally and centrally.
• Be prepared for travel when required.

Additional Information

Behavioral Competencies:

• Checking Details
• Documenting Facts
• Embracing Change
• Examining Information
• Following Procedures
• Interpreting Data
• Meeting Timescales
• Producing Output
• Pursuing Goals
• Taking Action
• Team Working
• Upholding Standards

Technical Competencies:

• Risk Reporting
• Analytical skills
• Written Communication
• Numerical competence
• Report Writing Skills
• Exposure to Global Markets products