Senior Risk Manager - Market Risk

Placements24; Pretoria; Hybrid; ZAR 1,200,000 - 2,200,000; Full time

Benefits offered by this job

Base salary + bonuses

Medical aid + retirement fund

Professional development

Job summary

Placements24 is seeking a Senior Risk Manager specializing in Market Risk for its Pretoria-based client, a leading financial institution. You will oversee VaR, ES, stress testing, and risk reporting across trading portfolios, driving risk frameworks and regulatory compliance.

Required: 6+ years in market risk, strong derivatives and fixed-income knowledge, SA regulatory familiarity. Hybrid work arrangement and extensive professional development opportunities are offered.

Qualifications

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 6 years of progressive experience in market risk management within financial services, preferably in Pretoria.
• Strong understanding of financial markets, derivatives (options, futures, swaps), and fixed-income products.
• Knowledge of South African banking regulations and Basel Accords is advantageous.

Responsibilities

• Develop, implement, and enhance the market risk management framework, policies, and procedures.
• Monitor and analyze market risk exposures across trading books (IR, FX, equity, commodity).
• Calculate and report VaR, ES, and other risk metrics.
• Conduct stress testing and scenario analysis to assess adverse market movements.
• Collaborate with trading desks to understand risk profiles and hedging strategies.
• Ensure compliance with SARB regulations and internal risk policies.
• Prepare comprehensive risk reports for senior management and regulators.
• Liaise with internal audit and regulators on market risk matters.
• Advise on market risk implications of new products and business initiatives.

Skills

Analytical skills

Communication skills

Decision-making

Education

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

Job description

About the Role

Our client, a distinguished financial institution based in Pretoria , is seeking an experienced Senior Risk Manager specializing in Market Risk. This critical role involves overseeing the identification, measurement, and management of market risks across the organization's trading portfolios. You will be responsible for developing and implementing robust risk management frameworks, policies, and procedures to ensure compliance with regulatory requirements and internal risk appetite. The ideal candidate will possess a deep understanding of financial markets, derivatives, risk modeling, and regulatory landscapes pertinent to the South African banking sector. You will collaborate closely with trading desks, quantitative teams, and other risk functions to provide insightful analysis and strategic guidance. This is a significant opportunity to contribute to the stability and success of a prominent financial player in Pretoria , driving best practices in risk management and safeguarding the firm's assets. Your expertise will be vital in navigating complex market dynamics and ensuring prudent risk-taking.

Key Responsibilities

• Develop, implement, and enhance the market risk management framework, policies, and procedures.
• Monitor and analyze market risk exposures (e.g., interest rate risk, FX risk, equity risk, commodity risk) across various trading books.
• Calculate and report on Value-at-Risk (VaR), Expected Shortfall (ES), and other key risk metrics.
• Conduct stress testing and scenario analysis to assess the impact of adverse market movements.
• Collaborate with trading desks to understand risk profiles and implement appropriate hedging strategies.
• Ensure compliance with relevant regulatory requirements (e.g., SARB regulations) and internal risk policies.
• Prepare comprehensive risk reports for senior management, risk committees, and regulatory bodies.
• Liaise with internal audit and external regulators on market risk-related matters.
• Provide expert advice and support on market risk implications of new products and business initiatives.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 6 years of progressive experience in market risk management within the financial services industry, preferably in Pretoria .
• Strong understanding of financial markets, derivatives (options, futures, swaps), and fixed-income products.
• Proficiency in risk management systems and tools, and strong analytical capabilities.
• Experience with quantitative risk metrics such as VaR, ES, and sensitivity analysis.
• Knowledge of South African banking regulations and Basel Accords is highly advantageous.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Ability to work effectively in a team and manage multiple priorities in a demanding environment.

Benefits

• Our client offers a competitive remuneration package including a base salary, performance bonuses, and comprehensive medical aid and retirement fund contributions.
• You will benefit from continuous professional development opportunities, including training, workshops, and potential for further qualifications.
• The Pretoria office provides a professional and collaborative work environment, with a focus on employee well-being.
• Hybrid working arrangements offer flexibility, blending in-office collaboration with remote work.
• This role presents excellent opportunities for career advancement within a well-established financial institution, allowing you to significantly influence the firm's risk management strategies and contribute to its long-term success.