Job Description:
Head: Market Risk Analysis
Introduction
Our client, a financial services provider, is seeking a Head of Market Risk Analysis with a Master?s Degree in either; Finance, Maths, Statistics, Engineering or CFA. Under this role, you will manage a team that provides high quality, timely, independent and objective market risk analysis and reporting in order to ensure that risk taking is in line with the company CIB?s business risk strategy.
Description
Establish effective relationships with business. Develop and maintain trusting working relationships with team (peers, managers and subordinates). Ensure that policies and processes are up to date
Support the Internal Model Application (IMA) renewal and quarterly review process. Provide senior management with timeous and accurate reports on both regular and ad hoc basis.
Ensure appropriate escalation of mandate and policy breaches to Trading Risk Committee (TRC) and senior management
Ensure compliance with regulatory requirements, policies and mandates
Ensure that mandate breaches condoned do not expose the bank to excessive risk. Ensure the accuracy of risk reports
Ensure transformational targets are met. Contribute to a culture of transformation by participating in the company's culture building initiatives, business strategy, and CSI. Stay abreast of developments in field of expertise, ensuring personal and professional growth
Understand and embrace the company's vision and values, leading by example. Participate in the development and implement action plans to address issues raised in culture surveys
Manage performance of staff by implementing performance agreements and ensuring a clear vision. Mentor and coach staff on identified performance gaps
Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes. Follow the recruitment process when recruiting talent. Maintain a high performing, team and ensure an environment for optimal performance is created by identifying talent pool through career conversations, using the talent grid principles and developing talent retention programmes
Provide accurate senior management level risk reporting to enable business decision making
Minimise unintended losses linked to market risk. Minimise costs
Ensure that team resources are optimally managed to keep high levels of engagement
Profile
Honours or Master's Degree in Finance /Maths/Statistics/Engineering, CFA, FRM
Essential: Undergraduate Degree in Finance /Maths/Statistics/Engineering
Chartered Financial Analyst (CFA), Financial Risk Management (FRM)
10+ years' experience in market risk or related area with 3 years in a management role
Financial Accounting Principles
Principles of project management
Service level agreements
Staff resource planning
Knowledge of Financial Markets and Trends
Knowledge of risk