Financial Risk Analyst

JSE Limited; Sandton; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A financial services institution in Sandton is seeking a Risk Analyst to develop and implement risk management processes for cash and derivatives markets. The ideal candidate will have a degree in Financial Engineering or related fields, with 1-3 years of experience in a capital markets environment. Responsibilities include managing financial risks across clearing operations and analyzing market trends to inform margin requirements. This role offers a market-related salary and contributes to a culture of continuous learning and employee wellness.

Qualifications

• 1-3 years in a financial risk analyst role preferably in a capital markets environment.
• Knowledge of credit risk, counterparty credit risk, investment risk, and liquidity risk.

Responsibilities

• Develop and execute risk management processes for cash and derivatives markets.
• Manage and mitigate financial risks across JSE/JSE Clear.
• Engage with stakeholders on risk matters and product assessments.
• Analyze market trends to provide insights on margin requirements.

Skills

Basic software applications

Data analysis

Artificial Intelligence/Machine learning skills

Education

Degree in Financial Engineering, Mathematics, Statistics, Economics, Actuarial Science or related

Honours/Masters degree preferred

Job description

Job category: Banking, Finance, Insurance. Stockbroking

Contract: Permanent

Remuneration: Market Related

EE position: Yes

About our company

WHY JOIN THE JSE? The JSE recognises that its success and strength depend on the quality of its employees. We are committed to fostering a culture of continuous learning and high standards of performance. Our employee wellness programme is designed to encourage work-life balance for employees. We naturally seek to empower staff and encourage diversity and opportunities for all.

Introduction

To develop, implement and execute credit, liquidity, counterparty credit and market risk management processes and perform quantitative analyses and reporting in support of robust and resilient cash and derivatives markets

Business and Financial Results Delivery

• Apply cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targets
• Provide input with regards to the implementation of risk management practices, methodologies and policy framework
• Responsible for the risk identification, measurement, monitoring and reporting of financial risks across JSE/JSE Clear clearing and risk operations
• Develop and apply methodologies to measure and mitigate risks
• Propose solutions and enhance the risk management framework by analysing risks and applying industry best practices, past experience and mathematical skills

Stakeholder Relationship Management

• Manage stakeholder relationships through engagement on new products, assessment of risks and advising on best solutions to meet client’s needs
• Build and maintain relationships across the JSE and the financial market industry through engagement on risk matters, client queries and exposures, products and trends

Process Management

• Manage own delivery against agreed delivery plan and set timelines, identify obstacles to delivery and take appropriate action where required
• Identify, monitor, measure and manage market, credit, counterparty credit and liquidity risks in the cash and derivative markets,
• identify potential future scenarios and quantify the impact of those scenarios on JSE Clear, its clearing members and clients
• Apply the risk management framework and process in day-to-day management of risk in the markets cleared by JSE Clear as the central counterparty (CCP).
• Apply the risk management framework for the JSE cash equity market to quantify the exposure faced by the JSE and market participants, including stressed exposures
• Implement risk mitigants in support of effective clearing and settlement in the cash equity market
• Apply the risk management framework for the Bond ETP market to quantify and manage the exposure faced by the market participants, including stressed exposures
• Implement risk mitigants needed to ensure that risks are appropriately managed in the Bond ETP market
• Establish and monitor key risk indicators, and propose and implement corrective action plans to mitigate risks
• Conduct research to keep abreast of industry best practices and regulatory changes and ensure effectiveness and compliance of the JSE/JSE Clear risk management frameworks
• Provide clients with information to support analysis and understanding of margin requirements and methodologies
• Assist with client queries in relation to valuation and margining of cash and derivative instruments and exposures
• Assess the clear-ability of new products and develop appropriate margining/other models to manage the associated risks
• Assist with regulatory reporting and responding to regulator queries
• Monitor and assess changes in clearing members’ portfolios and the implications of such changes on margin requirements and default fund exposures
• Assist with deep-dive analyses into cases of elevated default fund exposures, uncovering root causes and patterns that inform strategic risk decisions.
• Provide forward-looking perspectives on market trends and volatility, translating these dynamics into potential effects on margin levels, notional positions and default fund exposures to ensure proactive risk mitigation while providing leadership with a clear, data-informed picture of evolving market risks.
• Provide additional business intelligence reporting and market insights in relation to trading, exposure and price

Transformation and Innovation Contribution

• Analyse, research, develop and implement innovative ideas and value adding solutions contributing to divisional and JSE results.
• Apply software development/scripting skills to automate and streamline operational and reporting processes
• Apply AI, ML and other developing technologies to transform and enhance risk operations, reporting and support market insights and intelligence.
• Degree in Financial Engineering, Mathematics, Statistics, Economics, Actuarial Science or related.Honours/Masters degree preferred.
• 1-3 years in a financial risk analyst role preferably in a capital markets environment

Knowledge and Skills required

• Basic software applications (e.g., Outlook, Word, Excel, Access, Internet, Email)
• Divisional service offerings
• Business principles
• Credit risk, Counterparty credit risk, Investment risk and Liquidity risk
• Securities and derivatives instruments and valuation
• Operations in a financial services environment
• Data analysis
• Artificial Intelligence/Machine learning skills