Market Risk Analyst at South African Reserve Bank

Detailed Description        
The successful candidate will be responsible for, among other things, the following key performance areas:

•  Analyse, assess and evaluate financial, market and business information in order to report on market risks to facilitate informed decision making on the foreign exchange, gold and other fixed-income reserve portfolios of the SARB.
•  Prepare and coordinate daily, weekly, monthly, quarterly and annual risk reports, and provide analysis on the market risk measures and how they impact the SARB’s investments.
•  Develop and recommend strategies for market risk management of the SARB’s investment portfolios.
•  Conduct research on market risk developments and make recommendations based on the findings.
•  Assist in the conceptualising and building of market risk models for calculating market risks associated with the SARB’s portfolios and particular trades or strategies.
•  Contribute towards the formulation of market risk-related policies and ensure the implementation thereof.
•  Coordinate the deliverables of team members in the context of projects and reporting.
•  Participate in cross-functional activities for the alignment and harmonisation of risk-related information.
•  Develop and maintain business relationships with experts in the financial markets industry.
•  Create and maintain procedure manuals for operational purposes.
•  Provide guidance and mentorship to analysts in the division.
•  Maintain sound relationships with all stakeholders.

Job Requirements        
To be considered for this position, candidates must have:

•  a Bachelor’s degree in Investment Management, Risk Management, Finance, Accounting or a related field; and
•  a minimum of five years of work-related experience in market risk management and various aspects of financial markets

The following would be an added advantage:

•  an Honours degree in Investment Management, Risk Management, Finance, Accounting or a related field; or
•  a Chartered Financial Analyst (CFA), Professional Risk Management (PRM) or Financial Risk Manager (FRM) qualification; or project management skills.

Additional requirements include:

•  staying abreast of local and international industry developments and best practice in market risk management related to the asset management of fixed income;
•  being skilled in research methods, strategy formulation, project management and the theory of financial markets and instruments;
•  excellent knowledge of fixed-income instruments and derivatives traded on exchanges and over the counter;
•  proven quantitative and qualitative analysis skills, bank and broker financial statement analysis skills, and financial modelling techniques;
•  the ability to work in a team;
•  good interpersonal and conflict management skills as well as above-average analytical and conceptualisation abilities;
•  problem-solving skills;
•  attention to detail;
•  proficiency in English, both spoken and written;
•  good report-writing and presentation skills;
•  proficiency in Microsoft Office products; and
•  proven capacity to multitask, deliver results, and respond quickly and effectively to requests.

How To Apply        
 All interested parties are invited to apply.

Internal applicants MUST apply through the ERP system.

External applicants MUST apply online, via www.resbank.co.za.

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Do not enclose copies of your identity document or qualification(s) with your application.

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

The closing date for applications is 9 February 2022. Late applications will not be considered.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her experience and competence.