Middle Office Manager (Market Risk)

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