Market Risk Analyst

Bidvest Bank; Johannesburg; On-site; ZAR 500 000 - 750 000; Full time

Job summary

A leading financial institution seeks a Market Risk Analyst based in Johannesburg to manage and report on market risks. The role involves monitoring interest rate and foreign exchange risks, ensuring accurate valuations, and supporting risk measurement models. Candidates should have a BCom degree and 2-3 years’ experience in market risk management. Strong Excel skills and risk governance knowledge are required. Join a dynamic team committed to financial stability and operational excellence.

Qualifications

• 2 - 3 years’ experience in market risk management and treasury middle office management in banking.
• Familiarity with regulatory frameworks (Basel Knowledge).

Responsibilities

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

Skills

Advanced Microsoft Excel

Data analysis skills including VBA

Written and verbal communication skills

Sound understanding of risk governance

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).
• Understanding of risk governance, limits, and control frameworks

Minimum Requirements

Qualifications

• 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 of audit firm 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

Risk assessments

• 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 — enabling informed decision-making across the bank.
• 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.