287 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

The opportunity

The opportunity We are looking to expand our Financial Services Risk Management – Quantitative Advisory Services (QAS) team. QAS focusses on providing credit risk, market risk and data science solutions to banking, insurance and other corporate clients. Our services cover statutory, regulatory and other quantitative areas from both a consulting and an assurance perspective. The role will focus on market risk valuations.

The successful applicant will work within a team which offers our clients advice and hands on assistance with issues such as :

• IFRS 13 fair value measurement focussing on the valuation of exotic derivatives across a range of underlying asset classes and the valuation of fixed income and money market instruments
• IFRS 2 share-based payment and BEE deal valuation
• xVA modelling (credit and debit valuation adjustment, funding valuation adjustment, etc.)
• IRRBB and FRTB regulatory compliance
• Alternative reference rate transition

• Participate in and lead client engagements
• Manage the build and delivery of client solutions, based on knowledge of clients’ agendas
• Develop informed views for clients on the implications of current and anticipated industry issues
• Assist with new business sales through proactively managing accounts, identifying new client opportunities and playing a role in developing and driving sales campaigns
• Maintain an educational program to continually develop your own personal skills
• Develop people through effectively supervising, coaching and mentoring all junior levels of staff
• Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities
• Conduct performance reviews and contribute to performance feedback for junior levels of staff
• Contribute to people initiatives including recruiting, retaining and training QAS professionals

• Qualifications : Relevant Honours or Masters (MCom / MSc / MPhil) level degree
• Professional qualification (CFA / FRM / PRM / FIA / FASSA) a plus
• A minimum of 5 years relevant working experience
• Proficiency in VBA, R or Python

As one of our valued employees in EY, you get to work on inspiring, meaningful and challenging projects. Our focus is education and coaching alongside practical experience to ensure your personal development. At EY we value our employees and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. In addition to these, you will be part of an interdisciplinary environment that encourages high quality and knowledge exchange. Furthermore, we offer excellent working conditions, in a stimulating, inclusive and enjoyable environment. We offer :

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

As a global leader in assurance, tax, consulting, strategy and transaction services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Overview

Quantitative Analyst

Location: Johannesburg, hybrid

Salary: R400 000 - R750 000 CTC per annum

We’re looking for a driven Quantitative Analyst to join a forward-thinking Bank that values innovative ideas and smart collaboration. If you’re passionate about building intelligent pricing and risk solutions, love solving complex problems, and want to be part of a high-performing team, we’d love to hear from you.

• Develop, test, and maintain pricing and risk management solutions.
• Design and enhance financial models (e.g. pricing, curve stripping, scenario analysis).
• Analyse and improve risk and pricing systems and processes.
• Troubleshoot and resolve production issues, collaborating with multiple stakeholders.
• Translate business requirements into clear technical specifications.
• Participate in cross-functional sessions to support system integration and process optimization.
• Monitor the value delivery of implemented solutions against defined business cases.

• 3–5 years of relevant experience in quantitative, risk, or business analysis roles.
• Bachelor's degree in Mathematical Finance or similar quantitative discipline (Postgraduate preferred).
• Hands-on experience designing and testing quantitative systems.
• Strong SQL and data analysis skills.
• Familiarity with multi-asset classes and trade lifecycle is a plus.
• Solid understanding of data models and system integration flows.

• You're naturally curious and always seeking smarter ways to solve problems.
• You strive for excellence and invest in mastering your craft.
• You place the client at the center of your work, always thinking about impact.
• You thrive in collaborative environments and value shared success.

• Work on challenging and meaningful projects.
• Opportunities to innovate and explore new technologies.
• A collaborative team culture that values thought leadership.
• Career development in a high-performance environment.

• Mid-Senior level

• Full-time

• Analyst, Finance, and Accounting/Auditing

• Banking, Financial Services, and Capital Markets

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 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

Direct message the job poster from Network Recruitment

Become a pivotal member of driving success at an influential market leader.

As a Market Risk Analyst , you’ll be at the forefront of safeguarding the company’s portfolio and ensuring it aligns with the strategic risk appetite. Your expertise will directly impact decision-making and shape the future of the business.

What You'll Do

You’ll dive into an exciting mix of responsibilities, including:

• Identifying, assessing, and monitoring risks across designated portfolios.
• Designing insightful risk reports to highlight key findings.
• Collaborating closely with traders to decode positioning and market trends.
• Creating bespoke stress tests and predictive scenarios to stay ahead of market shifts.
• Coding in Python and leveraging cutting-edge visualization tools like Tableau or Power BI to present dynamic dashboards.
• Analyzing a diverse range of transactions with sharp modeling and analytical skills.
• Delivering actionable insights to traders and senior management with clarity and precision.

Requirements

• 3-5 years’ market risk experience
• Strong Python coding skills are a must!
• Experience with data visualization tools is a plus.

Why Apply?

Be part of a market-dominating force that’s shaping 2025 and beyond. Your contributions will make waves in the industry, and you’ll grow alongside the best in the business.

• Seniority level Associate

• Employment type Full-time

• Job function Other
• Industries Mining and Investment Management

Referrals increase your chances of interviewing at Network Recruitment by 2x

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• Competitive salary package
• Strategic exposure across treasury and risk functions
• Opportunity to work in a collaborative and forward-thinking environment
• Career development in a regulated and high-performance sector

• Monitor and reconcile daily treasury transactions and exposure
• Provide real-time PnL support and resolve variances
• Analyze trading strategies and market risk drivers
• Review portfolios for pricing anomalies and risk mismatches
• Perform daily revaluation and update FX rates and market data
• Collaborate across departments to ensure seamless reporting
• Improve valuation models and risk metrics
• Prepare daily and periodic treasury reports for senior management
• Support system enhancements and testing

• Bachelors Degree in Finance, Economics, Mathematics, Accounting, or a related field
• Professional certification in Risk Management (ACI/CFA Level 1) is an advantage
• Minimum 2 years experience in treasury, middle office, risk, or financial control
• Strong understanding of financial instruments and market risk
• High accuracy and analytical mindset
• Proficiency in Excel; experience with Treasury systems is a plus
• Excellent communication and interpersonal skills

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.

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

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 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.

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