Head: Market Risk

Job Purpose

To 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 Nedbank Capital's business risk strategy.

Job Responsibilities

• Maintain and improve on relationships with all stakeholders.
• Develop and maintain trusting working relationships with team (peers, managers and subordinates).
• Ensure appropriate escalation of mandate and policy breaches to Trading Risk Committee (TRC) and senior management.
• Ensure that mandate breaches condoned do not expose the bank to excessive risk.
• Ensure that policies and processes maintained and are up to date. Prepare the annual policy review for all Market Risk policies, processes, procedure and methodology documents
• Support the Internal Model Application (IMA) renewal and quarterly review process.
• Ensure that any regulatory requests, including QIS results are actioned.
• Ensure that the backfilling data is complete and recon issues are resolved to ensure risk reporting metric are accurate and operating effectively.
• Ensure that desk packs are maintained, and reviewed at least annually (tier 4 limits), for each trading desk as well as Market Trading (tier 3 limits)
• Manage and maintain the Markets Trading (Tier 3) desk pack and limits, and manage the allocation of Tier 4 limits to individual trading desks.
• Prepare the annual limit review of all Tier 3 limits for TRC approval
• Support the new product approval process to ensure that new products follow correct governance process and are accurately incorporated within the ris reports for monitoring
• Follow through on all TRC action items raised in the TRC
• Coordinate and prepare the TRC packs and the CRTF packs.
• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Understand and embrace the Nedbank vision and values, leading by example.
• Participate in the development and implement action plans to address issues raised in culture surveys.
• Encourage team to generate innovative ideas and share knowledge.
• Manage performance of staff by implementing performance agreements and ensuring a clear vision.
• Mentor and coach staff on identified performance gaps.
• Manage the onboarding process of new employees.
• Provide accurate senior management level risk reporting to enable business decision making.
• Minimise unintended losses linked to market risk. Minimise costs
  
  

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees
  
  

Preferred Qualification

Honours or Masters Degree in Finance /Maths/Statistics/Engineering, CFA, FRM.

Minimum Experience Level

10+ years experience in market risk or related area with 3 years in a management role

Technical / Professional Knowledge

• Employee training/development
• Financial Accounting Principles
• Principles of project management
• Relevant Nedbank product knowledge
• Relevant regulatory knowledge
• Research methodology
• Service level agreements
• Strategic planning
• Knowledge of risk
• Business Acumen
  
  

Behavioural Competencies

• Decision Making
• Initiating Action
• Driving for results
• Business Acumen
• Driving for Results
• Planning and Organizing
  
  

Please contact the Nedbank Recruiting Team at +27 860 555 566