Nedbank

Middle Office Manager (Market Risk)

Nedbank
Feb. 24, 2023
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Job Description

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.

Preferred Certifications

  • 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

Other

How to Apply

To Apply Use Link: https://jobs.nedbank.co.za/job/Middle-Office-Manager-Market-Risk/904024401/

Deadline: 24 February 2023

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Nedbank


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.

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