Middle Office Manager (Market Risk)
To oversee the day-to-day processing of front-office operations in trading rooms and ensure a smooth handover to the back office.
To manage, monitor, identify, measure, analyze and mitigate market risks as well as advise on the risk characteristics of complex deals/trades and reporting market information to internal and external stakeholders.
Duties and Responsibilities
- Maintain and build on existing client relationships through regular communication with Treasury front office and other relevant units e.g., Back Office, International Banking, CIB and Finance.
- Enhance current methodologies/ policies and practices by keeping abreast of new industry developments and seeking opportunities for improvements in the Middle Office function.
- Ensure that methods, principles and systems used in risk management are understood and well communicated to senior management by regular and adhoc reporting and training.
- Ensure understanding of market risk policies and procedures by regular reviews.
- Provide accurate senior management level risk reporting through daily review and distribution of relevant reports.
- Minimise unintended losses linked to market risk by proactively supplying information for decision making to senior management.
- Support business in the special deal process by providing relevant input and analysis as needed.
- Ensure compliance to policy and mandates through effective monitoring and reporting to minimise losses.
- Effective adherence to laid down procedures - Internal audit and a sound ALCO governance process to effectively support ALCO process.
- Monitor interest rate, liquidity and foreign exchange risk policies and recommend reviews
- Ensure Treasury risk exposures are within limits and all controls are working.
- Customise Market Risk Policies, where necessary and create awareness to business to ensure understanding and adherence. Develop awareness and monitoring plans. Monitor compliance to policies.
- Managing operational risk in the Treasury environment through performing treasury middle office roles.
- Identify incidents and events in the Treasury space and advise the Head of Market Risk and Monitoring as well as ERM.
- Provide oversight role to all Treasury activities through checking the requisite reports and maintaining independent Treasury trading position to allow validations.
- Assist business in developing and continuous review of the RCSA, KRIs and facilitate the embedding (Create, Promote and maintain) a Risk awareness culture within the Treasury space.
- 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).
Qualifications and Experience
- Bachelor’s degree in Banking, Risk Management, Mathematics, Engineering or Finance.
- Practical knowledge of the tools and techniques used in Treasury Operations and Risk Management and a demonstrated ability to perform analytical and detail-oriented tasks.
- CFA, Financial Risk Management
- Minimum of 7 years’ experience in any related risk area (compliance, risk management, actuary, finance, accounting, investment), of which must be in a management position.
- Technical / Professional Knowledge
- Communication Strategies
- Consumer behaviour
- Diversity management
- Employee training/development
- Financial Accounting Principles
- Operations planning
- Relevant regulatory knowledge
- Service level agreements
- Strategic planning
- Business writing skills
- Behavioural Competencies
- Decision Making
- Delivering High-Impact Presentations
- Building partnerships
- High-Impact Communication
- Managing Work
- Quality Orientation
How to Apply
To Apply Use Link: https://jobs.nedbank.co.za/job/Middle-Office-Manager-Market-Risk/904024401/
Deadline: 24 February 2023Generate a Whatsapp Message
Nedbank Zimbabwe Limited, also Nedbank Zimbabwe, is a commercial bank in Zimbabwe. It was established in July 2004 after changing from Zimbabwe's oldest merchant bank, Merchant Bank of Central Africa Limited, which was incorporated on 31 July 1956.