103 Third Party Risk jobs in South Africa

Job Description Leading Insurance Company requires a Risk Specialist to assist with coordination, analysis, consolidation, mitigation, and escalation of Third Party Risk Management. Responsibilities Regularly monitor and report on third-party risks, compliance and risk mitigation. Provide technical inputs and support on third-party risk and compliance. Support business projects with technical third-party risk and compliance inputs. Minimum Requirements Grade 12 / Matric. Tertiary Qualification - Third Party Risk Management Certification / Qualification highly advantageous. Knowledge of Third Party Risk Management principles and practices. Experience with third-party risk management (TPRM) tools. Package & Remuneration Salary Market Related #J-18808-Ljbffr

Job category: Credit Analysis and Risk Management

Contract: Permanent

Remuneration: Market Related

EE position: Yes

About our company

The JSE recognises that its success and strength depend on the quality of its employees. We are committed to fostering a culture of continuous learning and high standards of performance. Our employee wellness programme is designed to encourage work-life balance for employees. We naturally seek to empower staff and encourage diversity and opportunities for all.

Introduction

To develop, implement and maintain a robust credit, liquidity, counterparty credit and market risk management infrastructure and performing critical quantitative functions to create market integrity and enable the JSE to operate the cash and derivative markets.

Responsibilities Business and Financial 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 input into the formalisation for the divisional budget.
• Develop a robust risk management plan by identifying weaknesses in the current framework, research possible solutions, quantify impact of the solution and finally make a recommendation to 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.
• Develop methodologies to measure/monitor risks and to mitigate risks on a per risk basis.
• 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 and presenting at 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 and the financial market industry by seeking and providing guidance on financial instruments to gain information of new risks and engaging clients on exposures, products and trends.
• Provide risk monitoring tools such as dashboards, logs and escalate if necessary.

Process Management

• Manage own delivery by establishing a delivery plan and setting timelines, identify obstacles to delivery and take appropriate action where required.
• Deliver work consistently by identifying, monitoring, measuring managing and mitigating Market, Credit, Counter Party credit, Operational and Liquidity risk by measuring and analysing processes and 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.
• Develop, assess and entrench Risk Management Frameworks and regularly conduct independent evaluations thereof and propose same to the board when appropriate.
• Design risk reports, conduct evaluations using exposure reports to assess levels of risk and identify new risks and escalate when appropriate.
• Propose levels of risk appetite.
• 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.
• Determine appropriate collateral types including risks and levels of discounting thereof.
• 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 propose and implement corrective action plans to mitigate risks.
• 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.
• Establish bank capital calculations with regard to contributions to any mutualised default fund.
• Propose methodologies for and establish regulatory and economic capital quantification for the JSE to ensure the solvency of the JSE.
• Liaise with regulators to respond to regulatory queries, comment on draft regulations and reporting to regulators.
• Supply clients with information to help them analyse and understand capital requirements by applying methodologies and make information as intuitive and explanatory as possible.
• Assist with queries when clients enquire on valuation models and initial margin calculations.
• 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, propose to relevant governance committees, 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.
• Make proactive recommendations to Board and Risk committee and to EXCO on capital and risk related policies, including risk appetite of the JSE to help establish complete and comprehensive risk frameworks, appetites and policies.
• Design and specify new systems and processes for implementation for internal and external clients.

Minimum Requirements

• Degree in Risk.
• Post-graduate (Honours / Masters / PhD in quantitative field and/or FRM, CFA or similar industry qualification).
• 5 years risk management experience in a trading, investments quantitative or market risk environment.

Knowledge and Skills required

• Basic software applications (e.g., Outlook, Word, Excel, Access, Internet, Email).
• Divisional service offerings.
• Business continuity standard.
• Business principles.
• Data analysis.
• Decision-making process.
• Industry trends.
• International Standards for Professional Practice.

#J-18808-Ljbffr

Duties & Responsibilities

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, researching possible solutions, quantifying impact of the solution and finally presenting 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 contribute 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, coming up with potential future scenarios and quantifying 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.

Desired Experience & Qualification

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

#J-18808-Ljbffr

Duties & Responsibilities 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, researching possible solutions, quantifying impact of the solution and finally presenting 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 contribute 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, coming up with potential future scenarios and quantifying 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. Desired Experience & Qualification Degree in Risk (Essential) Post-graduate (Honours/ Masters) Degree in Financial Quantitative field (Preferred) 5 years risk management experience in a trading, investments quantitative or market risk environment #J-18808-Ljbffr

Job category: Credit Analysis and Risk Management Contract: Permanent Remuneration: Market Related EE position: Yes About our company The JSE recognises that its success and strength depend on the quality of its employees. We are committed to fostering a culture of continuous learning and high standards of performance. Our employee wellness programme is designed to encourage work-life balance for employees. We naturally seek to empower staff and encourage diversity and opportunities for all. Introduction To develop, implement and maintain a robust credit, liquidity, counterparty credit and market risk management infrastructure and performing critical quantitative functions to create market integrity and enable the JSE to operate the cash and derivative markets. Responsibilities Business and Financial 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 input into the formalisation for the divisional budget. Develop a robust risk management plan by identifying weaknesses in the current framework, research possible solutions, quantify impact of the solution and finally make a recommendation to 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. Develop methodologies to measure/monitor risks and to mitigate risks on a per risk basis. 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 and presenting at 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 and the financial market industry by seeking and providing guidance on financial instruments to gain information of new risks and engaging clients on exposures, products and trends. Provide risk monitoring tools such as dashboards, logs and escalate if necessary. Process Management Manage own delivery by establishing a delivery plan and setting timelines, identify obstacles to delivery and take appropriate action where required. Deliver work consistently by identifying, monitoring, measuring managing and mitigating Market, Credit, Counter Party credit, Operational and Liquidity risk by measuring and analysing processes and 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. Develop, assess and entrench Risk Management Frameworks and regularly conduct independent evaluations thereof and propose same to the board when appropriate. Design risk reports, conduct evaluations using exposure reports to assess levels of risk and identify new risks and escalate when appropriate. Propose levels of risk appetite. 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. Determine appropriate collateral types including risks and levels of discounting thereof. 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 propose and implement corrective action plans to mitigate risks. 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. Establish bank capital calculations with regard to contributions to any mutualised default fund. Propose methodologies for and establish regulatory and economic capital quantification for the JSE to ensure the solvency of the JSE. Liaise with regulators to respond to regulatory queries, comment on draft regulations and reporting to regulators. Supply clients with information to help them analyse and understand capital requirements by applying methodologies and make information as intuitive and explanatory as possible. Assist with queries when clients enquire on valuation models and initial margin calculations. 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, propose to relevant governance committees, 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. Make proactive recommendations to Board and Risk committee and to EXCO on capital and risk related policies, including risk appetite of the JSE to help establish complete and comprehensive risk frameworks, appetites and policies. Design and specify new systems and processes for implementation for internal and external clients. Minimum Requirements Degree in Risk. Post-graduate (Honours / Masters / Ph D in quantitative field and/or FRM, CFA or similar industry qualification). 5 years risk management experience in a trading, investments quantitative or market risk environment. Knowledge and Skills required Basic software applications (e.g., Outlook, Word, Excel, Access, Internet, Email). Divisional service offerings. Business continuity standard. Business principles. Data analysis. Decision-making process. Industry trends. International Standards for Professional Practice. #J-18808-Ljbffr

Business Segment: Corporate & Investment Banking

The role will encompass the requirement to drive thought leadership, execution and implementation of the operational risk management processes and framework as a key enabler to achieving business objectives in NFR in SA and trusted risk management business partner that equips business with the tools to mitigate financial, reputational and regulatory impact of operational risk incidents.

This will require the anticipation of external drivers coupled with impacts of current and planned systems, processes, products and strategic changes on the risk profile of the business and to guide decision making on controls to manage and mitigate these risks.

Qualifications

Qualifications Required:

• Commercial or Legal Degree.
• Post-graduate qualification in Risk Management.

Minimum Experience Required:

• 5-7 years in Risk - Operational Risk Management.
• 3-4 years in Risk - Regulatory Compliance.
• 5-7 years in-depth business and commercial acumen into the banking functions and services.

Additional Information

• Articulating Information
• Challenging Ideas
• Directing People
• Examining Information
• Exploring Possibilities
• Generating Ideas
• Making Decisions
• Providing Insights
• Resolving Conflict
• Upholding Standards
• Economic Capital Management

#J-18808-Ljbffr

Duties & Responsibilities

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.

Desired Experience & Qualification

• 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

#J-18808-Ljbffr

Job Title: Risk Consultant

Reference: JHB000960-VM-1

Leading organisation within the investments and financial services industry requires a Risk Consultant for the KZN branch. This position is based in Kloof / Gillitts.

Duties & Responsibilities

1. Minimum 5 years’ experience as a Broker Consultant / Life Insurance Agent.
2. Preference will be given to candidates with a CFP.
3. RE5 is essential.
4. Have completed relevant class of business and product-specific training.
5. FAIS compliant (continuous professional development).
6. Completed supervision for long-term insurance categories.
7. Ability to function at a strategic level whilst fulfilling operational responsibilities.
8. Meet the FAIS honesty, integrity and good standing requirements.
9. Meet the FAIS minimum experience requirements in respect of long-term insurance products.
10. Must not have been declared insolvent or provisionally insolvent.
11. Appropriate tertiary qualification (bachelor’s degree in commerce, finance, investments preferable).
12. Have a qualification recognised by the FSCA for FAIS purposes.
13. Fully computer literate, xPlan experience advantageous.
14. Excellent communication skills, verbal and written.
15. Excellent negotiation and persuasion skills.
16. Client-oriented, with strong interpersonal skills and able to take the initiative (self-starter).
17. Provide and implement advice in respect of insurance needs and solutions to clients in conjunction with the company Partner.
18. Analyse and identify Life and Short-Term Insurance (STI) opportunities within the client bases of their panel of financial planning partners.
19. Prepare comprehensive advice documents (proposals, comparisons, and quotations) for presentation to clients.
20. Provide specialist advice in respect of Life Insurance (Death, Disability and Critical Cover) needs, including Estate Planning and Business Assurance.
21. Implement the agreed solution for clients and manage underwriting and other onboarding requirements.
22. Review clients' cover according to internal business procedures or if client circumstances change.
23. Acquire short-term insurance leads from the company’s financial planning partners.
24. On receipt of the client’s consent, refer clients to the STI tele-advisor and book an appointment for the client.
25. Maintain and develop client relationships.
26. Support and contribute to company initiatives to communicate, educate, and engage clients.
27. Monitor and report on the success and implementation of client and partner-focused initiatives.
28. Adhere to the culture and principles of TCF – treating customers fairly.
29. Comply with Group and Industry regulatory requirements.

Package & Remuneration

Monthly plus Basic Salary + Commission

#J-18808-Ljbffr

Duties & Responsibilities 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. Desired Experience & Qualification 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 #J-18808-Ljbffr