Senior Financial Markets Specialist - FMD

South African Reserve Bank

The successful candidate will be responsible for the following key performance areas:

Benchmark administration, monitoring and analysis
Monitor and analyse the performance, representativeness and robustness of designated benchmarks and reference rates.
Contribute to the administration of SARB benchmarks and ensure the timely calculation and publication of designated benchmarks and reference rates.
Design, review, and maintain benchmark governance frameworks, including methodologies, controls, and accountability arrangements
Ensures that methodologies applied comply with local and international standards
Collaborate with other specialists across the SARB to implement technological infrastructure solutions for benchmarks and analytics.
Prepare analytical notes, charts, dashboards and briefing material for senior management and the Reference Rate Oversight Committee.
Financial market structure reforms
Contribute to working groups and committees focused on market structure reforms, including market transitions to alternative reference rates.
Coordinate with relevant regulators and industry bodies to facilitate market transitions.
Prepare SARB position papers, presentations, speeches and industry papers on issues related to market structure and functioning.

Market functioning – research, analyses and innovation
Monitor and assess the functioning of money, bond, foreign exchange markets and related derivatives.
Analyse liquidity conditions, pricing anomalies, market fragmentation and transmission of monetary policy.
Identify market frictions, stress signals and structural changes affecting market efficiency.
Work with large financial datasets to develop indicators of market conditions, market stress, and market dysfunction.
Support automation, data visualisation and analytics initiatives to improve market monitoring and operational efficiency.
Engage market participants, infrastructure providers, industry bodies and other relevant stakeholders to gather market intelligence

Contribute to the learning and development of junior specialists.
Quality assures and integrates analysis and reports submitted by other Financial Market Specialists
Assist with committee administration.
Leads initiatives in support of department’s objectives and perform ad hoc tasks.