Market Risk Analyst

Bidvest Bank Limited; Johannesburg; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading financial institution in Johannesburg is seeking a Market Risk Analyst to identify and manage market risks. The role involves evaluating interest rate and foreign exchange risks, ensuring compliance with regulations, and collaborating with finance teams to optimize financial performance. Candidates should possess a BCom degree and have 2-3 years of experience in market risk management within a banking environment.

Qualifications

• 2-3 years' experience in market risk management and treasury middle office management.

Responsibilities

• Monitor market risk capital and RWA efficiency.
• Control costs through automation and prioritization.
• Integrate risk insights with financial performance.
• Partner with Finance and Treasury to align P&L attribution with market risk drivers.

Skills

Market risk analysis

Advanced Microsoft Excel

Data analysis skills

Risk governance

Regulatory frameworks knowledge

Communication skills

Education

BCom financial management degree or equivalent

Job description

Primary Purpose

The Market Risk Analyst is responsible for identifying, measuring, monitoring, and reporting on market risks, including interest rate risk in the banking book (IRRBB) and foreign exchange (FX) risk. The role also involves performing Treasury Middle Office duties, ensuring accurate valuation, limit monitoring, and control of treasury positions. The incumbent supports the development and maintenance of risk measurement models, ensures compliance with regulatory and internal risk frameworks, and provides analytical insights to inform risk management decisions. This role plays a critical part in safeguarding the institution's financial stability by ensuring that market and treasury risks are effectively understood, measured, and managed.

Technical Requirements

• Sound understanding of risk, control / mitigation and related concepts, together with the interrelationships between these aspects;
• Advanced Microsoft Excel and data analysis skills including VBA;
• Strong understanding of risk governance, limits, and control frameworks;
• Written and verbal communication skills;
• Regulatory frameworks (Basel Knowledge);

Minimum Requirements

• BCom financial management degree or equivalent;

Minimum Experience

• 2-3 years' experience in market risk management and treasury middle office management in a banking environment, audit firm, or industry;

Duties and Responsibilities

Financial Management

• Monitor market risk capital and RWA efficiency;
• Control costs through automation and prioritization;
• Integrate risk insights with financial performance (RAROC, stress impacts);
• Ensure budget efficiency—control expenses related to systems, data vendors, and headcount;
• Partner with Finance and Treasury to align P&L attribution with underlying market risk drivers;
• Translate complex risk measures into financial impacts—e.g., how changes in VaR or sensitivities affect earnings volatility;
• Contribute to the ICAAP and capital planning processes with high‑quality risk inputs.

Customer Centricity

• Partner with front office to design risk‑aware products;
• Translate complex risk metrics into actionable insights;
• Enhance transparency and trust through clear reporting.

Operational Excellence

• Identify, assess, and monitor market risk exposures across portfolios;
• Deliver high‑quality, timely, and reliable risk insights through efficient processes, robust controls, and continuous improvement;
• Streamline data feeds, calculations, and reporting through automation and workflow tools;
• Eliminate redundant manual steps—reduce human error and improve turnaround time;
• Develop standardized templates for recurring analysis (daily VaR, limit monitoring, stress tests).

This position is advertised in line with our commitment to Employment Equity.