Senior Market Risk Analyst at Nedbank

Job Purpose

• To provide high quality, timely, independent and objective market risk analysis and reporting in order to ensure that risk taking is within the defined risk appetite, in line with the business strategy.

Job Responsibilities

• Provide accurate senior management level risk reporting through daily review and distribution of relevant reports.
• Minimise unintended losses linked to market risk by proactively supplying information for decision making to senior management.
• Ensure compliance to policy and mandates through effective monitoring and reporting to minimise losses.
• Minimise costs by ensuring that auditors receive information timeously.
• Contribute to overall performance of team by sharing knowledge with the team.
• Support business in the special deal process by providing relevant input and analysis as needed.
• Establish and maintain sound working relationships with external stakeholders e.g. regulators through regular and timeous reporting.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Maintain and build on existing relationships with internal stakeholders e.g. through regular communication timeous reporting and responses to queries from Front Office, Group Market Risk, Regulatory Reporting team and other internal clients.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plans and ensuring delivered systems; process; services and solutions are aligned.
• Provide senior management with high level feedback through timeous and accurate reports on both regular and ad hoc basis.
• Ensure that mandate breaches are fully understood and do not expose the bank to excessive risk through relevant analysis.
• Ensure the accuracy of risk reports by regular review and management of the reconciliation process.
• Enhance current methodologies/ policies and practices by keeping abreast of new industry developments and seeking opportunities for improvements.
• Ensure that models, methods, principles developed, and systems used in pricing and risk management are understood and well communicated to senior management by regular and adhoc reporting.
• Ensure understanding of level 3 market risk policies and procedures by regular reviews.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Honour’s Degree in Finance/Mathematics/Statistics/Engineering

Preferred Qualification

• Chartered Financial Analyst (CFA) ,Financial Risk Managment (FRM).

Minimum Experience Level

• 5 or more years experience in market risk and/or quantitative analysis within global markets

Type of Exposure

• Analysing and interpreting qualitative and quantitative data
• Drafting reports
• Interacting with various levels of management
• Building and maintaining relationships with stakeholders
• Managing conflict situations
• Managing multiple projects
• Influencing stakeholders to obtain buy-in for concepts and ideas
• Communicating complex information orally
• Sharing information in different ways to increase stakeholders understanding
• Effectively communicating complex written information
• Identifying trends

Technical / Professional Knowledge

• Banking knowledge
• Governance, Risk and Controls
• Industry trends
• Microsoft Office
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Research methodology
• Decision-making process
• Data base programming knowledge

Behavioural Competencies

• Communication
• Continuous Learning
• Collaborating
• Decision Making
• Initiating Action
• Work Standards