Senior Market Risk Analyst

Placements24; Kimberley; Hybrid; CAD 84,000 - 151,000; Full time

Benefits offered by this job

Competitive salary & bonus

Medical aid & pension fund

Hybrid work arrangement

Professional development opportunities

Job summary

Placements24 is recruiting a Senior Market Risk Analyst for a leading financial institution in Kimberley. The role focuses on identifying, measuring, and managing market risks in trading and investment activities, with emphasis on developing risk models, stress testing, and analyzing market movements.

The ideal candidate has a strong quantitative background, excellent analytical skills, and extensive knowledge of financial markets.

Qualifications

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5 years of experience in market risk management or quantitative analysis in financial services.
• Strong understanding of financial markets, instruments, and trading strategies across asset classes.
• Proven experience in market risk methodologies (e.g., VaR, Greeks, stress testing).
• Proficiency in Python, R, or MATLAB for quantitative analysis.
• Excellent analytical and communication skills; ability to present complex information clearly.

Responsibilities

• Develop, implement, and maintain market risk models, including VaR, sensitivity analysis, and stress testing.
• Monitor trading positions and portfolios for market risk exposures across asset classes (equities, fixed income, FX, commodities).
• Analyze market data and news to identify potential risks and opportunities.
• Prepare comprehensive market risk reports for senior management, risk committee, and regulatory bodies.
• Collaborate with front-office trading desks and portfolio managers to understand strategies and risk appetites.
• Conduct deep-dive analysis on risk issues and provide mitigation recommendations.
• Ensure compliance with internal risk policies and external regulatory requirements.
• Assist in development and enhancement of risk management systems and tools.
• Contribute to the firm’s risk appetite framework and limits monitoring.
• Provide training and guidance to junior analysts on market risk methodologies.

Skills

Quantitative analysis

Python

R

MATLAB

VaR modeling

Risk reporting

Education

Master's degree in Finance, Economics, Mathematics, Statistics, or related quantitative field

Tools

Python

R

MATLAB

Job description

About the Role

Our client, a leading financial institution, is seeking a skilled Senior Market Risk Analyst to join their dynamic risk management team in Kimberley, Northern Cape, ZA . This role is crucial in identifying, measuring, and managing the market risks inherent in the firm's trading and investment activities. You will be responsible for developing and implementing sophisticated risk models, conducting stress tests, and analyzing market movements to assess potential impacts on the portfolio. The ideal candidate possesses a strong quantitative background, excellent analytical skills, and a deep understanding of financial markets and risk management principles. This position requires close collaboration with traders, portfolio managers, and other risk professionals. The role operates on a hybrid work model, promoting collaboration within our Kimberley office while allowing for flexible remote work. Your insights will directly inform risk mitigation strategies and contribute to the firm's stability and profitability.

Key Responsibilities

• Develop, implement, and maintain market risk models, including Value-at-Risk (VaR), sensitivity analysis, and stress testing.
• Monitor trading positions and portfolios for market risk exposures across various asset classes (e.g., equities, fixed income, FX, commodities).
• Analyze market data and news to identify potential risks and opportunities.
• Prepare comprehensive market risk reports for senior management, the risk committee, and regulatory bodies.
• Collaborate with front-office trading desks and portfolio managers to understand their strategies and risk appetites.
• Conduct deep-dive analysis on specific risk issues and provide recommendations for mitigation.
• Ensure compliance with internal risk policies and external regulatory requirements.
• Assist in the development and enhancement of risk management systems and tools.
• Contribute to the firm's risk appetite framework and limits monitoring.
• Provide training and guidance to junior analysts on market risk methodologies.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5 years of experience in market risk management, quantitative analysis, or a similar role within financial services.
• Strong understanding of financial markets, instruments, and trading strategies across multiple asset classes.
• Proven experience in developing and applying market risk methodologies (e.g., VaR, Greeks, stress testing).
• Proficiency in quantitative analysis tools and programming languages such as Python, R, or MATLAB.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Ability to work effectively both independently and as part of a hybrid team.
• Experience with financial databases and risk management software is advantageous.
• Familiarity with regulatory frameworks related to market risk is a plus.

Benefits

• This role offers a competitive salary, annual performance bonus, comprehensive medical aid, and pension fund benefits.
• The hybrid work arrangement provides flexibility, allowing for a blend of in-office collaboration and remote work.
• Employees benefit from professional development opportunities, including training and conferences, and a clear path for career advancement within the risk management division.
• Join a reputable financial institution in Kimberley and play a vital role in safeguarding the firm's market risk exposure.