Senior Risk Manager - Market & Liquidity Risk

Placements24; Polokwane; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Bonus scheme

Medical aid

Retirement planning

Life insurance

Professional development

Job summary

Placements24 is partnering with a prominent banking institution in Polokwane, Limpopo to hire a Senior Risk Manager to lead Market and Liquidity Risk. The role focuses on developing and overseeing risk frameworks across the organization, ensuring regulatory compliance and financial stability.

The ideal candidate has a master's in a quantitative field, at least seven years in market or liquidity risk, strong knowledge of instruments and Basel rules, and proven leadership.

Qualifications

• Master's degree in Finance, Economics, Mathematics, or related quantitative field.
• 7+ years of market and/or liquidity risk management experience in banking/financial services.
• Strong knowledge of financial instruments, derivatives and trading activities.
• Experience with risk reporting, stress testing, and scenario analysis.
• Familiarity with South African banking regulations and Basel Accords.
• Strong leadership and team-management experience.
• Ability to work in a hybrid work setting and collaborate across departments.

Responsibilities

• Develop and maintain policies, procedures, and methodologies for market and liquidity risk management.
• Oversee measurement, monitoring, and reporting of market risk exposures.
• Manage liquidity risk including stress testing and contingency funding plans.
• Collaborate with Treasury, Trading, and other units to mitigate risk.
• Conduct regular risk assessments and identify emerging risks.
• Ensure compliance with regulatory requirements and best practices.
• Prepare risk reports for senior management, Board, and regulators.
• Lead and mentor a team of risk professionals.

Skills

Leadership

Risk reporting

Analytical skills

Communication skills

Stakeholder management

Education

Master's degree in Finance, Economics, Mathematics, or related field

Job description

About the Role

Our client, a prominent banking institution, is seeking an experienced Senior Risk Manager to lead their Market and Liquidity Risk functions in Polokwane, Limpopo . This strategic role is responsible for developing, implementing, and overseeing the frameworks for managing market and liquidity risks across the organization. You will play a crucial part in ensuring the bank's financial stability and compliance with regulatory requirements. The position requires a deep understanding of risk methodologies, financial markets, and regulatory landscapes. This role operates on a hybrid model, allowing for a combination of in-office presence at our client's Polokwane offices and remote work flexibility. Join a dedicated team focused on safeguarding the bank's financial health and integrity.

Key Responsibilities

• Develop and maintain robust policies, procedures, and methodologies for market and liquidity risk management.
• Oversee the measurement, monitoring, and reporting of market risk exposures (e.g., interest rate risk, currency risk, equity risk).
• Manage liquidity risk, including stress testing, contingency funding plans, and regulatory reporting (e.g., LCR, NSFR).
• Collaborate with Treasury, Trading, and other business units to ensure effective risk mitigation strategies.
• Conduct regular risk assessments and identify emerging risks and vulnerabilities.
• Ensure compliance with all relevant regulatory requirements and industry best practices.
• Prepare comprehensive risk reports for senior management, the Board of Directors, and regulatory bodies.
• Lead and mentor a team of risk professionals, fostering a strong risk culture.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Minimum of 7 years of experience in market and/or liquidity risk management within the banking or financial services sector.
• Strong understanding of financial instruments, derivatives, and trading activities.
• In-depth knowledge of risk management frameworks, methodologies, and quantitative techniques.
• Familiarity with South African banking regulations and Basel Accords is essential.
• Proven experience in risk reporting, stress testing, and scenario analysis.
• Excellent analytical, problem-solving, and communication skills.
• Strong leadership capabilities and experience managing a team.
• Ability to work effectively in a hybrid setting and collaborate across departments.

Benefits

Our client offers a competitive salary, a performance-driven bonus scheme, and a comprehensive benefits package including medical aid, retirement planning, and life insurance. The hybrid work arrangement in Polokwane supports a healthy work-life balance. Professional development opportunities, including advanced training and support for certifications, are readily available. Our client cultivates a collaborative and professional environment, valuing expertise and commitment. This is an outstanding opportunity to take a leading role in risk management for a significant financial institution.