95 Market Risk jobs in South Africa

Are you ready to take your market risk expertise to the next level?

This is your chance to join a forward-thinking team where your knowledge of equity risk, treasury risk, hedging, and derivatives won't just be used – it will be celebrated. If you've ever wanted to work on sophisticated risk models and influence key financial decisions, this role is for you.

We are seeking a
Market Risk Analyst
to monitor, model, and manage risk exposures, supporting clients in trading, treasury, and financial markets.

Key Responsibilities:

• Monitor and analyze market risk exposures across equity and treasury portfolios.
• Develop and maintain models for derivatives and hedging strategies.
• Perform stress testing, scenario analysis, and reporting for senior management and clients.
• Collaborate with traders, finance, and other stakeholders to ensure risk compliance and best practices.
• Support regulatory and internal risk management initiatives.

Job Experience and Skills Required:

• Minimum bachelor's degree in Finance, Economics, Actuarial Science, or related field.
• 2–3 years' experience in market risk, ideally in trading, commodities, or financial services.
• FRM qualification (completed or in progress) is essential.
• Strong understanding of equity risk, treasury risk, hedging strategies, and derivatives.
• Excellent analytical, quantitative, and communication skills; proficiency in Excel, VBA, or Python.
• Experience with risk modeling, scenario analysis, and regulatory reporting.

Apply Today
to advance your market risk career

For more exciting Finance vacancies, please visit:

I also specialize in recruiting in the following:

• Actuarial
• Data Analytics
• Product Development
• Pricing
• Valuations
• Market Risk

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions
.

For more information, contact:

Kholo Mongalo

Recruitment Researcher in Actuarial & Analytics

Connect with me on LinkedIn

Quantitative Analyst

Location: Johannesburg, hybrid

Salary: R R 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.

What You'll Be Doing

• 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.

What You Bring

• 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.

What Sets You Apart

• 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.

What You'll Gain

• 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.

Apply now

Stefan Pretorius

Recruiter

Market Risk Manager, Johannesburg or Cape Town, South Africa
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.

Your Key Technical Responsibilities
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

Your Client And Business Responsibilities

• 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

To qualify for the role, you must have:

• 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

What Working At EY Offers
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

About EY
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.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
Join us in building a better working world. Apply now.

Murex Specialist – Financial Markets Systems Expert

Industry:
Banking

Location:
Johannesburg

Are you passionate about capital markets, complex financial products, and cutting-edge trading systems? We're looking for an experienced
Murex Specialist
to drive innovation and efficiency across trading, risk, and treasury functions.

In this role, you'll work across multiple business units — from Markets to Treasury — ensuring that front-to-back trade processes, risk reporting, and settlements run seamlessly. You'll play a key part in enhancing existing Murex functionality, building new capabilities, and partnering with traders and technical teams to deliver robust, scalable solutions.

What You'll Be Doing

• Analyse current processes and identify opportunities for improvement and automation.
• Collaborate with traders and stakeholders to document business requirements and pain points.
• Conduct impact analyses and propose strategic, value-driven solutions.
• Configure and develop solutions within the Murex platform to meet evolving business needs.
• Support analytical queries (Risk, P&L, Pricing) and technical issues (Workflows, Integrations, Reporting).
• Participate in testing cycles to ensure solution quality and compliance with requirements.
• Liaise with the Murex vendor to resolve incidents and implement new functionality.
• Deliver user training and develop supporting documentation.

What You'll Bring

• Bachelor's degree in
  Computer Science, Mathematics, Engineering
  , or a related field.
• Minimum
  3 years' experience
  in implementing or supporting
  financial markets systems
  and integrations.
• Strong working knowledge of:
• Capital Markets products
  (Derivatives, Interest Rate, Money Market, Fixed Income).
• Trade lifecycle management
  from pricing to settlement.
• Murex modules
  , including Front Office configuration, sensitivities, risk, P&L analysis, and pricing templates.
• Agile / Scrum methodologies
  .
• A proactive problem solver who thrives on collaboration and continuous improvement.
• Excellent stakeholder management, communication, and analytical skills.
• ACI Dealing Certificate
  would be advantageous.

Why This Role?

This opportunity is perfect for someone who enjoys combining technical problem-solving with strategic, business-facing work. You'll engage directly with traders, risk managers, and IT teams to influence the evolution of a world-class trading platform and ensure seamless front-to-back operations.

Apply now

Stefan Pretorius

Recruiter

Job highlights

Full time

Johannesburg, Gauteng, South Africa

Market Risk

Job ID

R

Closing date

11/09/2025

Last Updated

04/09/2025

MARKET RISK INTERNSHIP (3 Months Fixed Term Contract)

INTERNSHIP OVERVIEW:

This internship provides an introduction to how energy products such as oil, gas, and fuel are traded and distributed worldwide. You will learn how global markets and transport routes shape the movement of these resources, and examine the impact energy flows have on economies, industries, and international relations.

As a Market Risk Intern, you'll work directly with risk professionals who manage exposure, evaluate volatility, and keep the business ahead of fast-moving markets.

The risk department is an independent function aiming to monitor front-line trading and ensure that the risk-reward of the trading books is properly understood by Glencore senior management and that the physical exposure of the business – e.g., oil cargoes, electricity generation, gas deliveries – is correctly

valued and risk managed.

WHO SHOULD APPLY?

We're looking for ambitious students or recent graduates who are:

Studying Quantitative Risk, Finance, Economics, Engineering, Mathematics, or Data Science

Curious about markets and with an interest in risk

Strong in Excel, Python/SQL

Analytical, detail-oriented, and eager to learn

KEY LEARNINGS:

How trading desks measure and manage market risk

Value-at-Risk (VaR), Greeks, and stress testing

How to monitor daily exposure and P&L

Tools like Excel, Python, SQL, Bloomberg

Real-world risk governance and escalation protocols

KEY RELATIONSHIPS:

London Risk Managers

Senior Risk Management team

Traders

PROGRAM HIGHLIGHTS:

Work on a live project (e.g., backtesting models, stress analysis)

Join risk meetings with senior analysts and managers

Mentorship from experienced risk professionals

Deliver a final presentation to the team

Receive career coaching and performance feedback

BENEFITS:

Practical exposure to risk systems and decision-making

A powerful edge in future job applications

A chance to convert to a full-time analyst or graduate hire

Who we are

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.

With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

We will support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a restated 2019 baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050, subject to a supportive policy environment. For more information see our Climate Action Transition Plan and the About our emissions calculation and reporting section in our 2023 Annual Report, available on our website at

Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. Further information about the processing of your personal data will be made available during the application process. We'll seek your explicit consent prior to processing the data.

Introduction to KPMG
Recognized as a great place to work and build a successful career, KPMG provides Audit, Tax, and Advisory services to organizations across today's leading industries. Our growth is driven by delivering impactful results for clients, supported by a culture that nurtures individual development, promotes inclusivity, rewards innovation, and contributes to communities.

If you're passionate about your future, join our team. Our diverse teams of subject matter experts help clients make informed decisions that confidently drive value and deliver exceptional results. With deep sector expertise and global experience, we provide comprehensive solutions in deal-making, tax, regulatory, and advisory services.

Our Values are the foundation of everything we do and every action that we take. We are a people business. Our people define what we can achieve, and our refreshed Values offer a strong foundation that is fit for the future. These Values define the expectations we have of each other, and most importantly, ourselves. Ultimately, they are core to who we are as a firm, what it means to work at KPMG, and help us achieve our Purpose.

Together we continue our journey to be the most trusted and trustworthy professional services firm, staying committed to our purpose and values as we navigate the future in a rapidly evolving world.

We are currently looking for a Senior Consultant Market Risk - KPMG (JHB)

As part of the Treasury and Market Risk Transformation group of a big 4 consulting and audit firm, you will be part of a team that brings together
financial and technical skills
that our clients can leverage throughout the lifespan of their change journey in order to ensure that people (organisation), process and technology elements of change are managed in harmony.

The key purpose of the position involves helping our clients in the
design and implementation of treasury, trading and risk systems, operating models, organisational structure, risk measurement and performance techniques.
Critical Technical Skills or competencies

• Detail-oriented with strong analytical skills
• Understanding of Financial Markets, Data Analysis and Derivatives Valuation
• Solid knowledge of Market Risk, Counterparty Credit Risk
• Good Programming Exposure (VBA, C#, SQL, etc…)
• Exposure or Experience of trading and risk system (Front Arena, Calypso, Adaptiv, Quantum, etc…)
• Candidate must have a good understanding of quantitative methods and their application in the Financial Services industry

Critical Interpersonal or Interactive skills

• Initiative and enthusiasm
• Responsibility and maturity
• People skills
• Professionalism
• Ability to deliver and follow-through on project responsibilities
• Confidence to be client-facing
• Above average linguistic aptitude and excellent writing skills
• Good communication/ presentation skills
• Previous project management experience would be a plus
• Ability to work under pressure
• Flexibility to accept change in terms of the consulting/ advisory environment
• Qualifications and Experience Required
• Relevant (BSc/ MSc) degree or Honours degree in Mathematical Finance, Actuarial Science, IT, Finance or other Quantitative or Technical area
• 1 to 4 years' experience from a Bank, Insurance, Consulting or Technology firm

Job Overview

Business Segment: Corporate & Investment Banking

Location: ZA, GP, Johannesburg, 30 Baker Street

Job Type: Full-time

Job Ref ID: A-0002

Date Posted: 9/1/2025

Job Description

The main purpose of this role is to monitor Market risk for countries of responsibility to ensure managed within risk appetite. Also to ensure complete accurate and relevant risk reporting. In order to do this optimum use must be made of front office and reporting technologies, which also entails project work to drive the business forward.

Qualifications

Type of Qualification: Postgraduate Degree

Field of Study: Quantitative Finance / Actuarial Sciences / Finance Engineering / Financial Mathematics

Experience Required

1-3 years experience and knowledge of fixed income and forex Global Markets Products.

1-3 years experience Market Risk Management experience (Forex, Money Markets and Fixed Income).

Additional Information

Behavioural Competencies:

Checking Things

Conveying Self-Confidence

Developing Expertise

Examining Information

Following Procedures

Technical Competencies:

Data Analysis

Data Integrity

Documenting

Knowledge Classification

Statistical and Mathematical Analysis

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

The Financial Risk Analyst will support the Financial Risk Manager and Residual Value Asset Manager on all areas of execution within the Financial Risk Management portfolio across Retail, Wholesale, and Fleet products.

From a residual value perspective, the person will be responsible for assisting with the collection of data as well as the analysis of such data to form trends and future value data. Over time the person will be expected to make additional assumptions and have a full understanding of the second-hand car market in order to influence models as well as assumptions., using the information to provide detailed market insights in various formats. The person would be expected to assist with some administrative functions regarding termination of contracts and selling of assets.

Although most of the technical credit risk work is performed by company partner, there still needs to be oversight and input into their Credit Risk Management since Credit is the main driver of the business and the incumbent should be able to challenge input, assumptions, and results of Credit Risk models and Credit Analytics.

The incumbent needs to understand how the credit models, produced by company partner, function and change in response to changing macroeconomic conditions and portfolio behaviour. The incumbent further needs to be comfortable developing in-house models to examine other risk types, including, for example, residual value risk.

The incumbent will be responsible for the delivery of credit risk-based analytics to support Credit Risk strategies and decision making, acquisition strategy, company risk appetite and portfolio risk tolerance.

The incumbent will be responsible for collating information and producing financial risk management reports, standard and ad hoc analytics on available data to support the risk and finance decision making strategies within the business and for providing support on other types of Financial Risks such as Interest rate risk, Liquidity risk, Earnings risk and Shareholder risk.

Minimum Requirements

Qualification

•Degree in a quantitative discipline such as Quantitative Finance, Mathematics, Statistics or equivalent, or other relevant financial degree.

Experience

•Minimum 2 - 4 years of relevant experience within a quantitative role

•Vehicle asset finance or banking experience would be advantageous

Role Outputs

•Extraction of data from established databases

•Creation and/or maintenance of Excel-based models

•Analysis of data within a given framework to minimise potential financial losses

•Analysis of risk to organisation and make mitigating recommendations

•Analysis, reporting, and presenting to various internal/external stakeholders

•Engage in cross-functional relationships/teams in order to obtain and to provide work support

•Ensure customer excellence through interaction with internal/external stakeholders throughout all business activities

•Ensure continuous process improvement to enable effective operational processes

•Identify and participate in planned activities that are appropriate for own personal and career development

•Support management with administrative tasks (e.g. taking meeting minutes)

Job description:

To do accurate and independent analysis in relation to risk items, including operational incidents, and then present findings to the relevant risk manager. Will also be required to evaluate and then enhance / automate current analysis and reporting for PSG group as a whole and improve our risk management system.

Responsibilities:

• Plan, execute and manage risk analysis and assessments, both financial and operational, against set parameters
• Collate and draft appropriate risk reports and provide effective feedback
• Ensure operational incidents are appropriately documented and managed
• Assist in maintaining and improving risk dashboard
• Assist in establishing internal protocols and effective risk management communication to improve risk management culture and awareness within business
• Monitor risk tolerance levels and provide solutions for improvements
• Collate and interpret risk assessment results
• Ensure risk or weaknesses identified are escalated
• Building relationships with business

Minimum requirements:

• CA (SA), or
• Bachelor's degree (Mathematics / Applied Mathematics / Statistics/ related qualifications)
• Financial services, Platform, Securities, Investment, IT and Risk experience advantageous
• Programming abilities advantageous
• Specialist knowledge on regulatory matters advantageous
• Risk management qualification and experience advantageous

Competencies:

• Attention to detail
• Strong analytical and numerical skills
• Self-starter and ability to work independently
• Strong written and verbal communication skills
• Problem identification and solution skills
• Integrity is non-negotiable
• Has the ability to assimilate and apply relevant business principles
• General IT knowledge and skills

Job Type: Full-time

Work Location: In person