Market Risk Specialist

SUMMARY:
This is an employment equity candidate.

POSITION INFO:

The Purpose:

• To advise the internal department on a wide range of practices, conduct and concerns affecting the industry and allied activities. Assist with the development of effective internal policies and relevant legislation, as well as establish and maintain a professional relationship with the diverse industry players.

Minimum Requirements:

• A post-graduate bachelor''s degree in Commerce, Mathematics or Business Science.
• A Master''s degree in a related field or CFA/FRM certification will be an added advantage.
• The person must have at least 3 to 5 years quantitative risk management experience within the investment/corporate banking, corporate finance or assets management industry.
• Demonstrable experience in managing market risk as well as defining and developing quantitative market risk is essential.
• An understanding of complex financial instruments and the pricing and valuation methodologies thereof is required.

Key Performance Areas:

• Develop and implement quantitative risk management capacity within the department including but not limited to quantitative risk models, risk management programs, oversight techniques and training schedules;
• Provide critical analysis of significant issues affecting the industry and guide the department in the pursuit and achievement of international best practice;
• Identify shortcomings and anomalies to the regulatory framework and subordinate legislation;
• Propose changes to the regulatory framework and assist the Head of Department with the implementation of such changes;
• Assist the Head of Department to develop and maintain an effective and efficient supervisory framework within the context of the approved legislation, and execute supervisory function within defined SLA limits
• Assist with monitoring compliance with the provisions of the Financial Markets Act and subordinate legislation;
• Assist with conducting investigations regarding Market Infrastructures and Over the Counter Derivatives Providers and ensure that all relevant complaints are dealt with;
• Plan, conduct and provide feedback on onsite inspections, including liaison with relevant stakeholders;
• Attend and constructively participate in all meetings and projects with stakeholders when required to do so; and
• Liaise with and render appropriate regulatory guidance to stakeholders.

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