Market Risk Analyst

Job Purpose

To provide high quality, timely, independent and objective market risk analysis and reporting in order to ensure that risk taking is within Nedbank defined risk appetite, in line with the business strategy.

Job Responsibilities

Check that data in terms of trades; reconciliations and market data are completed regularly by evaluating the daily reconciliations; limit exceptions; market data completeness; term to maturity reports
Deliver broad based market commentary and insights; e.g. additional or what if analysis by keeping abreast of the latest market development and trends
Ensure that front office adhere to policies; procedures and mandates by analysing and sending daily risk reports
Ensure compliance with regulation by sending daily reports to the regulators (JSE and Reserve Bank)Monitor profit and loss thresholds by analysing exposures and reporting to senior management
Ensure accuracy of data used for capital calculations through daily trade and market data reconciliations
Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.. Green Strategy).
Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
Improve client service by assisting stakeholders with regards to processes/procedures; e.g. special deals; limit breaches; limit increases and answering any queries that the desk may have with regards to the processes/proceduresIdentify limit breaches and profit and loss exceptions by reviewing and analysing exception reportsProvide quality and timely information by sending the regular reports to the front office and other stakeholders
Reconcile profit and loss exceptions with limit utilisations and resolve any queries timeously through regular analysis
Manage costs by ensuring that audit queries are timeously resolved Improve client service by assisting stakeholders with regards to processes/procedures; e.g. special deals; limit breaches; limit increases and answering any queries that the desk may have with regards to the processes/proceduresIdentify limit breaches and profit and loss exceptions by reviewing and analysing exception reports
Provide quality and timely information by sending the regular reports to the front office and other stakeholders
Reconcile profit and loss exceptions with limit utilisations and resolve any queries timeously through regular analysis
Manage costs by ensuring that audit queries are timeously resolved
Maintain and build on existing client relationships through regular communication with front office
Contribute to overall performance of team by sharing knowledge with the team
Establish and maintain sound working relationships with external stakeholders e.g. regulators through regular and timeous reporting
Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.Identify training courses and career progression for self through input and feedback from management.
Ensure all personal development plan activities are completed within specified timeframe.
Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.