170 Financial Risk Manager jobs in South Africa

Results Delivery

• Provide strategic thinking and contributions to crafting of departmental business plan based on professional knowledge and experience, to ensure delivery of focus areas for the year in support of departmental strategy.
• Apply cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targets.
• Provide relevant input into the formalisation for the divisional budget.
• Implement a robust risk management plan by identifying weaknesses in the current framework, research possible solutions, quantify impact of the solution and finally present to governance committees and JSE EXCO to mitigate risks.
• Measure performance by identifying and managing exposures to mitigate and minimise impact to the JSE and market participants.
• Measure, monitor and report on credit, liquidity, counterparty credit and market risks and to mitigate risks on a per risk basis.
• Develop performance measures of risk mitigation.
• Propose solutions by analysing risks using industry best practices, past experience and mathematical skills to develop a risk framework.
• Assess and efficiently implement regulatory standards and requirements regarding settlement assurance.
• Ensure systems, products or projects delivered contributes to improve client/JSE service by providing input on budgets, resources required and process based on the understanding of costs, business objectives and relationship with external suppliers and stakeholders.

Stakeholder Relationship Management

• Build strategic JSE / Industry/ Global network of thought leaders and relationships utilising social media, attending conferences and training interventions.
• Manage stakeholder relationships by understanding new products, investigating risks and advising on best solutions to consistently meet client’s needs.
• Build and maintain networks across the JSE by gaining information on existing and new products and assessing the risks thereof.
• Provide risk monitoring tools such as dashboards, logs and escalate when necessary.

Process Performance Management

• Manage own delivery against set delivery plan and set timelines, identify obstacles to delivery and take appropriate action where required.
• Deliver work consistently by identifying, monitoring, measuring managing, and reporting on Market, Credit, Counter Party credit, and Liquidity risk by measuring and analysing exposures, come up with potential future scenarios and quantify the impact those scenarios can have on the JSE, its clearing members and clients.
• Identify risks for stakeholders and the JSE by applying First - Principles and using thresholds and limits and historical information.
• Apply and entrench Risk Management Frameworks and regularly conduct independent evaluations against performance thereof and report back to the board by reporting exposures and the business’ performance against same.
• Compile and conduct risk evaluations using exposure reports to measure risks and identify new risks and escalate where appropriate.
• Analyse results of daily risk quantification by comparing performance of model market performance against regime, quantify risk mitigation to assess whether the new mitigations need to be implemented and if so, at what stage.
• Assess exposures and collateral placed against the exposure, reassess the exposure and calculate required collateral and report findings to the appropriate division.
• Establish and monitor key risk indicators, as well as implement corrective action plans to mitigate risks.
• Prepare exposure and various other reports on a regular basis for team, risk committees and board if relevant to the clearing members.
• Participate in ad hoc projects by developing models and quantification procedures ensuring outputs meet business expectations.
• Conduct research to keep abreast of best industry practices and regulatory changes to ensure effectiveness of the company's risk frameworks.
• Conduct bank capital calculations and regulatory and economic capital quantification for the JSE to ensure the JSE stays solvent.
• Liaise with regulators to respond to regulatory queries, comment on draft regulations and reporting to regulators.
• Supply clients with information to help them understand capital requirements by applying methodologies and make information as intuitive and explanatory as possible.
• Assist with queries when clients enquire on a valuation model and develop models for new products to help understanding.
• Assess accuracy of valuation models on a regular basis by using methodologies and established processes and procedures.
• Develop various new risk methodologies, document risk methodologies and implement risk methodologies after approval.
• Assess new products by analysing the risk to JSE, conducting quantification on products, conducting and implementing risk mitigation methodologies, ensuring compliance with JSE.
• Provide input into the new products committee by making recommendations on whether to support new product to ensure compliance with JSE standards.

Self-Management

• Improve personal capability and professional growth relating to field of expertise, in line with JSE objectives by discussing development needs and proposed solutions with management.
• Keep abreast of changes in legislation or standards by conducting research and utilising networks.
• Upskill team and other professionals by sharing knowledge and research results.
• Epitomise living the JSE values, displaying professional conduct and adherence to required technical standards.

Transformation and Innovation Contribution

• Analyse, research, develop and implement improvement/innovative ideas and value adding solutions contributing to divisional and JSE results.

• Degree in Risk (Essential) Post-graduate (Honours/ Masters)
• Degree in Financial Quantitative field (Preferred)
• 5 years risk management experience in a trading, investments quantitate or market risk environment

Business Segment: Corporate & Investment Banking

Location: ZA, GP, Johannesburg, Baker Street 30

The role requires the incumbent to take responsibility for rotational placement into a Market Risk manager role (rates, equities, forex, commodities etc.) in either SA and/or Africa regions.

Qualifications

Minimum Qualifications
Type of Qualification: Post Graduate Degree
Field of Study: BSc Honours Maths of Finance; BSc/BBusci Actuarial Sciences; MCom (Risk Management); BSc/BCom Honours Mathematical Statistics, Quantitative Finance.

Other Minimum Qualifications, Certifications or Professional Memberships: FRM or CFA.

Experience Required

4-5 years experience in Market Risk or Global Markets or related functions is critical. Proficiency in the understanding of Market Risk as a control function including market risk identification, measurement, analysis, and reporting. Understanding of Global Markets Derivative products (linear and non-linear), their valuations, and the use of associated risk sensitivity measures to inform risk-based decisions.

4-5 years experience in stakeholder management with the ability to engage senior bank stakeholders on key market risk exposures. Experience in change management would be beneficial (being a Market Risk business lead in the implementation of new risk measurement systems). Proficiency in Regulations that impact Market Risk. Basic coding and automation skills are beneficial.

Additional Information

1. Upholding Standards and Following Procedures
2. Interpreting Data and Checking Details
3. Meeting Timescales and Pursuing Goals
4. Examining Information and Documenting Facts
5. Team Working and Embracing Change
6. Exposure to Global Markets products and market risks that emanate from them
7. Analytical skills and understanding of Market Risk governance frameworks including regulations that impact these
8. Numerical competence, derivative valuation and assessments
9. Risk Reporting and automation
10. Written Communication, stakeholder management and leading Market Risk change initiatives

Please note: All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or

Are you a financial expert with a deep understanding of market risks, particularly in the areas of counter-party credit and derivative pricing? If you're passionate about analysing complex financial instruments and ensuring the stability of financial systems, we have an exciting opportunity for you!

Key Responsibilities:
As a Market Risk Specialist specialising in counter-party credit and derivative pricing, you will play a pivotal role in our organisation's risk management strategy.

Your responsibilities will include:

• Counter-party Credit Risk Analysis: Assessing and managing the counter-party credit risk exposure of our organisation, including evaluating the creditworthiness of counter-parties and mitigating potential risks.
• Derivative Pricing: Utilising your expertise to accurately price and value complex derivatives, ensuring that our portfolio remains competitive and compliant with regulatory standards.
• Risk Modeling: Developing and enhancing risk models to quantify and forecast market risk, helping us make informed decisions regarding our financial strategies.
• Portfolio Analysis: Conducting comprehensive analysis of our financial portfolios to identify potential risks and opportunities, and providing recommendations for optimising risk-return profiles.
• Regulatory Compliance: Ensuring that our risk management practices align with industry regulations and standards, and participating in audits and compliance reporting.
• Communication: Collaborating with cross-functional teams, including traders, quantitative analysts, and senior management, to convey risk assessments and insights effectively.

Qualifications:

• Bachelor's or Master's degree in Finance, Economics, or a related field.
• 4+ years extensive experience in market risk management, with a focus on counter-party credit and derivative pricing.
• Proficiency in quantitative analysis.
• Strong understanding of financial markets, derivatives, and risk management concepts.
• Knowledge of regulatory frameworks related to market risks.
• Excellent communication and presentation skills.
• Ability to work in a dynamic and fast-paced environment.

Why Join Us:
By joining our team as a Market Risk Specialist, you will have the opportunity to work on cutting-edge financial strategies and contribute to the success and stability of our organisation. We offer a collaborative and inclusive work environment, competitive compensation, and opportunities for professional growth.
If you're ready to take your market risk expertise to the next level and make a meaningful impact, we invite you to apply for this exciting role. Join us in shaping the future of financial risk management!

Annually

• Leadership and operational oversight of market and counter-party credit risk supervision across key financial sectors
• Development and refinement of regulatory frameworks, supervisory tools, and fit-for-purpose risk models
• Deep technical collaboration with supervisory teams, policy units, and external stakeholders
• Strategic involvement in cross-sectoral market initiatives, including margin requirements , financial derivatives , and investment risk analysis
• Mentoring and growing a high-performance team of market risk specialists

• A Post-graduate Degree in Finance, Economics, Financial Engineering, Mathematics, Insurance , or a related field (NQF Level 8+)
• 810 years of experience in financial services or financial regulation , with a strong focus on market risk, investment risk, or counter-party credit risk
• At least 2 years of experience managing or leading technical teams
• In-depth knowledge of insurance and FMI regulation , derivative instruments, financial risk modelling, and supervisory frameworks (e.g., SAM, IOSCO, IAIS, and FMA)
• Robust analytical, communication, and leadership capabilities

• FRM, CFA, CQF or MBA
• Experience with model validation, market risk analytics , and quantitative supervision tools
• Proven track record in regulatory innovation and managing complex stakeholder environments

• Leadership and operational oversight of market and counter-party credit risk supervision across key financial sectors
• Development and refinement of regulatory frameworks, supervisory tools, and fit-for-purpose risk models
• Deep technical collaboration with supervisory teams, policy units, and external stakeholders
• Strategic involvement in cross-sectoral market initiatives, including margin requirements , financial derivatives , and investment risk analysis
• Mentoring and growing a high-performance team of market risk specialists

• A Post-graduate Degree in Finance, Economics, Financial Engineering, Mathematics, Insurance , or a related field (NQF Level 8+)
• 810 years of experience in financial services or financial regulation , with a strong focus on market risk, investment risk, or counter-party credit risk
• At least 2 years of experience managing or leading technical teams
• In-depth knowledge of insurance and FMI regulation , derivative instruments, financial risk modelling, and supervisory frameworks (e.g., SAM, IOSCO, IAIS, and FMA)
• Robust analytical, communication, and leadership capabilities

• FRM, CFA, CQF or MBA
• Experience with model validation, market risk analytics , and quantitative supervision tools
• Proven track record in regulatory innovation and managing complex stakeholder environments

• Leadership and operational oversight of market and counter-party credit risk supervision across key financial sectors
• Development and refinement of regulatory frameworks, supervisory tools, and fit-for-purpose risk models
• Deep technical collaboration with supervisory teams, policy units, and external stakeholders
• Strategic involvement in cross-sectoral market initiatives, including margin requirements , financial derivatives , and investment risk analysis
• Mentoring and growing a high-performance team of Market Risk Specialists

• A Post-graduate Degree in Finance, Economics, Financial Engineering, Mathematics, Insurance , or a related field (NQF Level 8+)
• 810 years of experience in financial services or financial regulation , with a strong focus on market risk, investment risk, or counter-party credit risk
• At least 2 years of experience managing or leading technical teams
• In-depth knowledge of insurance and FMI regulation , derivative instruments, financial risk modelling, and supervisory frameworks (e.g., SAM, IOSCO, IAIS, and FMA)
• Robust analytical, communication, and leadership capabilities

• A FRM, CFA, CQF or MBA
• Experience with model validation, market risk analytics , and quantitative supervision tools
• A proven track record in regulatory innovation and managing complex stakeholder environments

• Monitor and reconcile daily treasury transactions and exposure for completeness and accuracy.
• Provide real-time P&L support, analyze variances, and ensure prompt resolution.
• Review and understand treasury portfolios, identifying pricing anomalies and risk mismatches.
• Perform daily revaluations, update FX rates, and manage market data in trading systems.
• Collaborate with traders, operations, risk, and finance teams for seamless end-to-end processes.
• Assist with enhancing valuation models, pricing tools, and risk metrics.

• Bachelors Degree in Finance, Economics, Mathematics, Accounting, or a related field.
• Professional risk certification (ACI/CFA Level 1) is advantageous.
• Strong understanding of financial instruments, market risk, and pricing principles.
• Proficiency in Excel; and experience with Treasury systems and data tools is a plus.
• Minimum 2 years experience in treasury, middle office, risk, or financial control in a financial institution.

• Monitor and reconcile daily Treasury transactions and exposures.
• Provide real-time PnL support, including investigation and resolution of variances.
• Analyze trading strategies and market risk drivers to substantiate Treasury performance.
• Identify pricing anomalies and support valuation model enhancements.
• Collaborate with traders, operations, finance, and risk to streamline reporting processes.
• Produce daily and periodic risk and performance reports for senior stakeholders.
• Drive system improvements for pricing tools, data inputs, and Treasury platforms.

• A degree in Finance, Economics, Mathematics, Accounting, or a related field.
• Minimum 2 years' experience in Treasury, Market Risk, Middle Office, or Financial Control within a financial institution.
• Familiarity with financial instruments, market risk principles, and pricing models.
• Strong analytical and reconciliation skills with high attention to detail.
• Proficiency in Excel (Treasury system experience is a plus).
• ACI or CFA Level 1 certification is an added advantage

• Opportunity to be at the heart of Treasury operations.
• Strategic exposure to trading and investment portfolios.
• Be part of a team that values innovation, transparency, and cross-functional collaboration.
• Long-term career growth in a forward-thinking financial environment

Are you a financial expert with a deep understanding of market risks, particularly in the areas of counter-party credit and derivative pricing? If you're passionate about analysing complex financial instruments and ensuring the stability of financial systems, we have an exciting opportunity for you!

Key Responsibilities:

• Counter-party Credit Risk Analysis: Assessing and managing the counter-party credit risk exposure of our organisation, including evaluating the creditworthiness of counter-parties and mitigating potential risks.
• Derivative Pricing: Utilising your expertise to accurately price and value complex derivatives, ensuring that our portfolio remains competitive and compliant with regulatory standards.
• Risk Modeling: Developing and enhancing risk models to quantify and forecast market risk, helping us make informed decisions regarding our financial strategies.
• Portfolio Analysis: Conducting comprehensive analysis of our financial portfolios to identify potential risks and opportunities, and providing recommendations for optimising risk-return profiles.
• Regulatory Compliance: Ensuring that our risk management practices align with industry regulations and standards, and participating in audits and compliance reporting.
• Communication: Collaborating with cross-functional teams, including traders, quantitative analysts, and senior management, to convey risk assessments and insights effectively.

Qualifications:

• Bachelor's or Master's degree in Finance, Economics, or a related field.
• 4+ years extensive experience in market risk management, with a focus on counter-party credit and derivative pricing.
• Proficiency in quantitative analysis.
• Strong understanding of financial markets, derivatives, and risk management concepts.
• Knowledge of regulatory frameworks related to market risks.
• Excellent communication and presentation skills.
• Ability to work in a dynamic and fast-paced environment.

Why Join Us: By joining our team as a Market Risk Specialist, you will have the opportunity to work on cutting-edge financial strategies and contribute to the success and stability of our organisation. We offer a collaborative and inclusive work environment, competitive compensation, and opportunities for professional growth. If you're ready to take your market risk expertise to the next level and make a meaningful impact, we invite you to apply for this exciting role. Join us in shaping the future of financial risk management!

Annually