Senior Risk Analyst - Non-Traded Market Risk

absa; Sandton; Presencial; ZAR 900 000 - 1 200 000; Tempo integral

Resumo da oferta

Absa is seeking a Risk Oversight professional to lead and support the management of risk exposures within IRRBB and related areas. The role involves partnering with Treasury, Product, Finance and Group Risk to sustain risk controls and regulatory compliance.

Responsibilities include monitoring risk events, developing risk models, and ensuring timely governance and reporting across senior committees, while aligning with ABSA standards and risk appetite.

Qualificações

• Ensure activities comply with regulatory requirements and ABSA policies.
• Understand and manage risks and risk events relevant to the role.
• Provide risk oversight across IRRBB and related areas.

Responsabilidades

• Own and support monthly product area risk forums with stakeholders.
• Assess and monitor risk factors including fair value, AFS market, FX risk.
• Collaborate with product teams to structure hedges within risk appetite.
• Perform front-to-back risk and control assessments monthly and quarterly.
• Engage in governance forums and internal MI preparation.
• Develop supplementary risk models for market risk measurement.
• Support IRRBB policy adherence and regulatory change initiatives.
• Deliver clear risk reporting and training across the area.

Conhecimentos

Risk management

Regulatory knowledge

Stakeholder management

Descrição da oferta de emprego

Empowering Africa's tomorrow, together...one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Belonging at Absa

Absa is committed to creating an inclusive workplace where everyone can thrive. We are an equal opportunity employer and welcome applications from suitably qualified individuals from diverse backgrounds. In support of our Diversity, Equity, Inclusion and Belonging (DEIB) commitments and Employment Equity objectives, preference may be given to candidates from underrepresented designated groups, including persons with disabilities. We encourage applicants who may require reasonable accommodation during the recruitment process to let us know so that appropriate support can be provided.

Job Summary

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal ABSA Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.

The jobholder will be an integral team member in providing risk oversight and management of risk exposures and influencing key business decisions, mitigating risk exposures, protecting and creating value across IRRBB.

The jobholder will support the monitoring and measurement of all IRR, FX and related residual risk the active and passive portfolios, risk appetite framework and development of risk methodologies to cover emerging risks (in either Market Risk or Operational Risk).

Job Description

Accountability: Risk Oversight

• Ownership and support of monthly product area Risk forums for Group Treasury, developing key relationships with stakeholders to improve management of risk.
• Assessment and monitoring of other risks fair value volatility, AFS market risk and FX risk.
• Work with and influence Product teams to structure products and identify effective hedging solutions to new products, within agreed risk appetite including structural hedging strategy review.
• Perform daily, monthly and quarterly risk and control assessments front to back for allocated business.
• Facilitating and/or providing input to Business related committees and forums as well as any other Absa Capital and/or Group committee. To run and support regular internal meetings and producing MI.
• Develop supplementary risk models to ensure a comprehensive assessments of all market risks, and to ensure continuous improvement on models and measures.
• Support the NPA and STR process within the requirements of the IRRBB policy and risk appetite framework.

Accountability: Risk Appetite and Infrastructure

• Support IRRBB requirements within in the Group QRM rollout project.
• Ensure businesses are aligned to governance framework and define risk appetite.
• Ad hoc projects e.g. Review of ABSA Group wide IRRBB, FX Risk and framework.
• Be a part of the cutting edge implementation of worldwide regulatory change as required for the risk area.
• Full and detailed engagement with regards to Regulatory Change (such as The Fundamental Review of the Trading Book)

Accountability: Risk Measurement

• Application of risk measures (e.g. PV01, DVaR, EVE, AEaR and EC) and management of drivers and development of new risk measures where appropriate.
• Measurement of market risk within the IRRBB framework and embed a monitoring and risk management framework.
• Develop supplementary risk models to ensure a comprehensive assessments of all market risks, and to ensure continuous improvement on models and measures.
• Governance - understand the policy, framework, challenge and enhance the existing framework, customize for Absa Group and obtain approval from Group where necessary etc.); Ensure adherence to Group Policy.
• Understand ABSA Group policies.
• Deliverables (coordination, timing, quality assurance, submission within deadlines etc.). Reporting on framework elements.
• Ensure training and awareness across the area of influence.
• Keep training material, policies and process documents up to date and readily accessible

Accountability: Communication

• Add value through risk management throughout the business through pro-active stakeholder management and credible representation at regular senior level committee/meetings.
• Maintain a professional relationship with all stakeholders, inter alia, Absa Group Risk, Absa Group Regulatory Reporting, Finance, PCG and other Absa departments.
• Engagement with Group Technology to enhance and extend the STP reporting solution.
• Proactively find value-adds to the market risk team and business.
• Timely escalation of potential issues to relevant stake holders.

Accountability: Stakeholder Management

Lead by example in building strong internal and external relationships, displaying excellent abilities to initiate strategic dialogue and listen, advise,