Market Risk Analyst at RMB - Rand Merchant Bank

Job Description

To monitor and manage the risk in relevant area for the Markets Division by identifying, quantifying, analysing and troubleshooting market risk issues on a daily basis

• Build and improve on a risk report for various trading desks
• Perform market risk factor analysis in order to identify risk
• Attribute profit and losses to various market risk factors
• Identify quantify analyse and troubleshoot market risk issues
• Evaluate implement and optimise risk management processes and systems
• Build and maintain professional working relationships with all stakeholders displaying excellent abilities to initiate dialogue listen advise influence and negotiate to achieve win win outcomes
• Initiate meetings with key stakeholders to track progress manage expectations and ensure stakeholders requirements are delivered
• Preserve relationships despite airing conflicting views and seeks mutual gains when addressing conflicts
• Anticipate consequences and adapts problem solving based on continual feedback
• Act speedily to resolve problems queries and complaints
• Adapt communication styles to meet the needs of different audiences
• Attribute actual profits and losses to its risk sensitivities
• Explain large profits/losses to top management in terms of market risk sensitivities
• Ensure daily interaction with traders and conduct scenario analysis on their behalf
• Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
• Stay relevant and up to date with legislations and new developments
• Maintain a positive attitude and respond openly to feedback
• Handle stress in ways that do not negatively impact others
• Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time frames and according to quality standards
• Take ownership of personal career development leveraging formal and informal opportunities
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act in an ethical transparent and morally defensible manner including highlighting unethical practices
• Share debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly cooperative climate

Min Qualifications:

• Minimum Honours Degree in Mathematics, Physics or Quantitative Finance
• Programming ability (e.g., Python / Matlab / VBA)
• Financial Risk Manager (FRM) Qualification, CFA, or Certificate in Quantitative Finance (CQF) advantageous

Min Years of Experience:

• Minimum 2 years similar working experience in market risk, model validation, quantitative analysis, or related area within a financial institution. 

Industry Experience:

• Financial Services, Banking or Asset Management. 

Skillset required / Must have: 

• Experience with the pricing and/or risk management of complex derivatives (i.e., risk drivers spanning multiple asset classes, including optionality component or credit contingent features) or has supported an XVA desk.
• Has actively engaged with trading desks involved in deal structuring.
• Demonstrate rigorous attention to detail. 
• Cultivate an active interest in markets, the economy and business initiatives. 

Application Closing Date: 24/06/24