About the position
To manage a team of market risk specialists within the Market Risk Division at the company. The scope of this position spans market risk, counterparty credit risk, margin requirements and other areas deemed appropriate across insurers, financial market infrastructures and other relevant financial institutions impacted by specific cross-sectoral regulations or market initiatives falling within the scope of the division.
JOB DESCRIPTION
- Conceptualise, monitor and manage operational work plans drawn from the division’s strategy (primarily focused on markets analysis, regulation and supervision), and provide managerial direction, leadership and technical guidance to a team of market risk specialists.
- Perform supervisory duties for relevant areas and financial institutions, including assessing compliance with applicable regulations and standards.
- Develop fit-for-purpose regulatory instruments, including subsequent attendance to all post-implementation matters.
- Conduct quantitative and qualitative research, and develop and implement appropriate analytical techniques, procedures and controls to enhance regulatory capability and supervisory depth.
- Work collaboratively on relevant initiatives with other teams within and outside of the division, including providing expert technical input to supervisory teams, policy development specialists and other stakeholders.
- Manage stakeholder engagements and relationships (internal and external to the PA).
- Manage team performance, learning and development, succession planning and talent development.
- Identify and mitigate risks related to own function, and ensure compliance with relevant governance frameworks.
JOB REQUIREMENT
- A postgraduate degree (at least NQF level 8) in Computer Science, Economics, Finance, Insurance Investment Management, Mathematics, Statistics, or another relevant quantitatively focused degree; preference will be given to candidates with financial mathematics or financial engineering post-graduate qualifications;
- At least 8–10 years of relevant working experience in the financial services or financial regulatory sector;
- Relevant knowledge of and experience in the insurance and financial market infrastructure environments, market risk, counterparty credit risk and/or quantitative analytics (including model development, validation, etc.) focused on investments and financial derivatives; and
- At least 2 years of proven experience in managing teams.
The following would be an added advantage:
- Being a Chartered Financial Analyst (CFA);
- being a Financial Risk Manager1 (FRM);
- Having a Certificate in Quantitative Finance2 (CQF) or another appropriate industry-recognised certification; and/or
- Having a Master of Business Administration (MBA) degree or another relevant Master’s-level (or higher) management-related degree.
Desired Skills:
- • Establishing focus
- • Project experience
- • Thought leadership
