Job Description

Company DescriptionStandard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector's most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We're passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.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.QualificationsMinimum Qualifications
Type of Qualification: First Degree
Field of Study: Mathematical Sciences
Type of Qualification: Post Graduate Degree
Field of Study: Office AdministrationExperience Required
Market Risk / Trading Market Risk4-5 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 ResponsibilitiesRisk 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 InformationBehavioral 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

Standard Bank