Manager – Market Risk (Insurance, FMIs and Cross-sectoral)

South African Reserve Bank; Pretoria; On-site; ZAR 800,000 - 1,000,000; Full time

Job summary

A national financial institution in Pretoria is seeking a Manager – Market Risk to oversee operational plans, ensure regulatory compliance, and lead a team of market risk specialists. Candidates should have a postgraduate degree in a quantity-related field and substantial experience in the financial services sector, particularly in market risk and quantitative analytics. This role offers the opportunity to shape regulatory strategies and enhance the institution's capabilities.

Qualifications

• Postgraduate degree (at least NQF level 8) in relevant fields such as Mathematics or Economics.
• 8-10 years of experience in financial services or regulatory sector.
• Experience in market risk and quantitative analytics.

Responsibilities

• Conceptualise and manage operational work plans.
• Assess compliance with regulations for financial institutions.
• Develop regulatory instruments and manage compliance.

Skills

Market risk analysis

Financial mathematics

Team management

Regulatory compliance

Education

Postgraduate degree in a quantitatively focused field

Tools

Quantitative analytics

Statistical software

Job description

Job title : Manager – Market Risk (Insurance, FMIs and Cross-sectoral)

Job Location : Gauteng, Pretoria Deadline : August 21, 2025

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Detailed description

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

1. 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.
2. Perform supervisory duties for relevant areas and financial institutions, including assessing compliance with applicable regulations and standards.
3. Develop fit-for-purpose regulatory instruments, including subsequent attendance to all post-implementation matters.
4. Conduct quantitative and qualitative research, and develop and implement appropriate analytical techniques, procedures and controls to enhance regulatory capability and supervisory depth.
5. 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.
6. Manage stakeholder engagements and relationships (internal and external to the PA).
7. Manage team performance, learning and development, succession planning and talent development.
8. Identify and mitigate risks related to own function, and ensure compliance with relevant governance frameworks.

Qualifications

To be considered for this position, candidates must be in possession of :

1. 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;
2. at least 8–10 years of relevant working experience in the financial services or financial regulatory sector;
3. 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
4. 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 Manager (FRM);
• having a Certificate in Quantitative Finance (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.

Note: This job posting appears to be active; no indications of expiration are present.