Senior Traded Market Risk Analyst - Equities/Equity Derivatives at Absa Group Limited (Absa)

Job Description

Accountability: Risk and Control

• Ensure compliance with all Cluster and Group-wide requirements and policies (including changes in accounting standards) are understood and communicated.
• Ensure that any new developments in regulations and accounting standards impacting market and valuation risk are understood and implemented.
• Develop product specific risk and valuation expertise to enable pro-active risk management.
• Reviewing risk and valuation adjustment methodologies for their appropriateness to ensure positions are marked to fair value.
• Provide input into sign-off of New Products, Structured Trade Review, New and Amended Curves that are generated from responsible business lines.
• Have a good understanding of Market Risk regulations and provide guidance to the business on how this is impacted by risk taking.

Accountability: Risk Analysis and Reporting

• Identify possible market and valuation risks by staying abreast of economic changes, market movements and position exposures.
• Ensure accurate and complete market and valuation risk measurement.
• Perform risk monitoring against limits, and ensure all controls are effective.
• Analyse the market risks incurred daily to ensure a complete understanding of the risk profile.
• Analyse the market risk exposures in relation to market movements to understand the drivers behind profit and loss data.
• Daily and monthly risk reports to business and management.
• Provide meaningful commentary to support risk analysis.
• Provide relevant input to all governance forums.
• Daily & monthly risk reports to business and management.
• Develop and provide management information (MI) and reports as required by stakeholders as determined and agreed from time to time.
• Facilitate the compilation of reports by providing data and MI in a format that allows it to be utilised effectively to assist management in understanding the risk profile and assist in the decision-making processes.
• Perform analysis of data to identify and report any trends that will assist in further improving the management of market and valuation risk.
• Understand the impact of risks and exposure on the Market Risk capital utilisation.

Accountability: Risk Appetite, Limit and Exposure Control 

• Review all risks on a daily/weekly/monthly basis.
• Review and challenge the business on market risk exposures and positions.
• Investigate any risk limit excesses and follow up for resolution.
• Ensure all excesses are recorded and advised to relevant forums.

Accountability: Projects and Innovation 

• Investigate new and better ways to enhance processes by measuring the effectiveness of all procedures.
• Continuously improve and automate reports and implement best practices as relevant.
• Risk assessment of new products and new business initiatives to ensure all related market and valuation risk can be identified, measured, monitored and reported on all risk platforms.
• Perform ad-hoc projects as requested from time to time from Risk and other areas in the bank.

Accountability: Relationship Management

• Act as the primary contact point for all market and valuation risk related queries for allocated desks.
• Provide technical market risk and valuation support to the Front Office, Product Controllers and Senior Management to ensure that all market and valuation risk control requirements are optimally met.
• Liaise extensively with business and across infrastructure to build relationships, gain an understanding of the risks, processes and controls (front to back).
• Maintain a professional relationship with all stakeholders across the business.
• Proactively find value adds to the business and timeously respond to business needs
• Timely escalation of potential issues to relevant stakeholders.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)