Market Risk Specialist

Communicate Finance; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A financial services firm is looking for a Market Risk Specialist to support institutions in enhancing their market risk frameworks and ensuring compliance with regulatory requirements. The candidate should possess a strong understanding of market risk frameworks, have expertise in quantitative modelling, and hold a degree in Finance, Economics, or Mathematics. This full-time position is based in Johannesburg, South Africa, and aims to strengthen risk management diagnostics and internal model approval processes.

Qualifications

• Strong understanding of market risk frameworks and regulatory requirements.
• Experience with IAS‑compliant hedge programs and accounting advisory processes.

Responsibilities

• Review and benchmark trading and market risk functions.
• Independently validate VaR models and provide quality assurance during approval processes.
• Advise on mark-to-market and fair value appraisals across asset classes.

Skills

Market risk frameworks

Quantitative modelling

Advanced pricing techniques

Regulatory compliance

Education

Degree in Finance, Economics, Mathematics or related field

Job description

Reference: CFA020905-KR-1

We are seeking a Market Risk Specialist to support financial institutions in strengthening their market risk frameworks, validating quantitative models, and ensuring compliance with regulatory requirements. This role focuses on risk management diagnostics, internal model approval processes, and advanced pricing and valuation services across asset classes.

Duties & Responsibilities

• Risk Management Framework & Diagnostics
  • Review and benchmark trading and market risk functions.
  • Conduct gap analysis against supervisory frameworks and recommend improvements.
  • Advise on strengthening controls for risk identification, measurement, and monitoring.
• Internal Model Approval & Regulatory Compliance
  • Support institutions in gaining regulatory approval for internal Value-at-Risk (VaR) models.
  • Perform gap analysis between operating environments and regulatory requirements.
  • Independently validate VaR models and provide quality assurance during approval processes.
• Quantitative Model Solutions
  • Validate VaR and derivative pricing models to ensure accuracy and robustness.
  • Test modelling assumptions and incorporate findings into risk and pricing policies.
• Pricing & Valuation Services
  • Advise on mark-to-market and fair value appraisals across asset classes.
  • Independently value trades and portfolios using advanced pricing techniques.
  • Assist in designing IAS‑compliant hedge programs and prepare portfolios for hedge effectiveness testing.

Skills & Experience

• Strong understanding of market risk frameworks and regulatory requirements.
• Expertise in quantitative modelling including VaR and derivative pricing models.
• Proficiency in advanced pricing techniques and valuation methodologies.
• Experience with IAS‑compliant hedge programs and accounting advisory processes.

Qualifications

• Degree in Finance, Economics, Mathematics or related field.
• Familiarity with regulatory frameworks and internal model approval processes.

Additional Information

Employment Type: Full‑Time • Experience: years • Vacancy: 1

Key Skills

• Cruise
• Law Enforcement
• Attorney at Law
• Business Sales
• AC Maintenance
• Architecture

Contact

Recruitment Consultant Kayla Reddy

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