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Johannesburg: Market Risk Specialist

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Job Description

About the Role

We are seeking an experienced Market Risk Specialist to join our team in Johannesburg. As a market risk specialist, you will be responsible for reviewing and benchmarking trading and market risk functions, conducting gap analysis against supervisory frameworks, and advising on strengthening controls for risk identification, measurement, and monitoring.

Key Responsibilities

  • Review and benchmark trading and market risk functions
  • Conduct gap analysis against supervisory frameworks and recommend improvements
  • Advise on strengthening controls for risk identification, measurement, and monitoring
  • Support institutions in gaining regulatory approval for internal Value-at-Risk (VaR) models
  • Perform gap analysis between operating environments and regulatory requirements
  • Independently validate VaR models and provide quality assurance during approval processes
  • Validate VaR and derivative pricing models to ensure accuracy and robustness
  • Test modelling assumptions and incorporate findings into risk and pricing policies

Requirements

  • Strong understanding of market risk frameworks and regulatory requirements
  • Expertise in quantitative modelling, including VaR and derivative pricing models
  • Proficiency in advanced pricing techniques and valuation methodologies
  • Experience with IAS-compliant hedge programs and accounting advisory processes

Qualifications

  • Degree in Finance, Economics, Mathematics, or related field
  • Familiarity with regulatory frameworks and internal model approval processes

How to Apply

For more information about this exciting opportunity, please contact our Recruitment Consultant.

About Accounting / Finance Jobs in Gauteng

In Gauteng, South Africa, the accounting and finance industry is a significant sector, offering various career opportunities for professionals with the right skills and qualifications. Typically, this field is driven by the growth of multinational corporations and local businesses in industries such as technology, financial services, and manufacturing. As a result, job seekers can expect to find a diverse range of roles available, from entry-level positions to senior leadership roles.

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When it comes to salary expectations, accounting and finance professionals in Gauteng can generally expect to earn salaries that fall within broad ranges. Typically, salaries for entry-level roles start around R400 000 – R600 000 per annum, while more senior roles can command salaries ranging from R1 million to over R3 million per annum, depending on factors such as experience, company size, and industry sector. However, it’s essential to note that these are broad ranges, and actual salaries may vary widely.

Common skills required for accounting and finance roles in Gauteng include strong technical knowledge of financial management principles, analytical and problem-solving skills, attention to detail, effective communication skills, and proficiency in financial software and systems. Additionally, many employers also value candidates with experience in budgeting, forecasting, and financial analysis. In some cases, a degree or diploma in accounting, finance, or a related field may be required.

Industries that commonly employ accounting and finance professionals in Gauteng include the financial services sector, technology industry, manufacturing sector, and public sector entities. These sectors require skilled professionals to manage their finances, prepare budgets, and provide strategic guidance on financial matters. Job seekers can expect to find opportunities across these sectors, from small businesses to large multinational corporations.

For those interested in pursuing a career in accounting or finance, there are many development opportunities available. Typically, professionals in this field can progress to senior roles, such as financial manager or director of finance, after gaining relevant experience and developing their skills. Additionally, many employers offer training programs and mentorship opportunities to support the career development of their employees.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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