With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
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Job Summary
To support the bank’s market risk management framework by collaborating with business and control functions to implement governance, policies, limits, and analytics, monitor trading and treasury activities, and provide reporting and advisory insights that ensure alignment with the Board-approved risk appetite.Job Description
Risk Control (30%)
Ensure adherence to the Market Risk Management Framework, Capital and Liquidity Risk Management Framework, Stress Testing Framework, Risk Appetite Framework, supporting policies, and standards.
Conduct daily investigations on Fx spot, bonds and derivatives inventory and resolution of risk valuation exceptions.
Review completeness and accuracy daily market risk sensitivity metrices, including NOP, DVaR and Tail analysis.
Implement and maintain new controls as required by local regulations, Group policies, or projects.
Risk Management & Advisory (30%)
Provide expert advice to business units to optimize risk profiles and support informed trading or hedging decisions.
Maintain a deep understanding of key positions, market risk drivers, and emerging issues relevant to the sales and trading desks.
Conduct value-add analyses and risk assessments to inform management actions, business decisions, and strategic initiatives.
Participate in the risk evaluation of new products, structured products, and significant business changes.
Risk Reporting & Monitoring (25%)
Monitor daily exposures against predefined limits and escalate breaches according to policy.
Prepare accurate, timely, and actionable reports with insightful commentary highlighting key risks, trends, and changes.
Contribute quantitative and qualitative inputs for daily, weekly, monthly, and ad hoc reporting cycles.
Develop reporting frameworks for new business initiatives.
Stakeholder & Relationship Management (15%)
Collaborate proactively with Front Office and control teams to discuss market strategy, risk exposures, and key developments.
Build and sustain strong internal and external relationships to enhance operational efficiency and cross-functional synergy.
Manage business expectations while ensuring alignment with risk policies and governance standards.
Preferred Education
Honours Bachelor’s Degree in Statistics, Mathematics, Economics, Risk Management or Accounting and Finance from an accredited University
Master’s Degree in Business / Financial Services is an added advantage
ACI Dealing certificate / CFA / FRM designation is preferred
Preferred Experience
Minimum of 3 years of relevant experience in Market Risk or Trading or Treasury or Product Control preferably within a banking or financial services environment.
Knowledge and Skills
Knowledge
Good understanding of Market Risk concepts and metrics (VaR, EVE/NII, scenario analysis, risk sensitivities), and governance frameworks
Good understanding of the regulatory and control environment
In-depth understanding of local and group jurisdictions and regulatory requirements for financial institutions.
Strong knowledge of banking products, services, functional areas and interlinked processes.
Expertise in planning, executing, and evaluating risk assessments and control activities.
Awareness of market trends, competitor practices, and industry dynamics.
Skills
Excellent interpersonal communication skills (verbal and written communication)
Strong ability to plan, prioritize, and manage multiple audits and competing deadlines efficiently.
Excellent comprehension skills to understand and interpret financial data and economic trends.
Highly numeric/strong analytical and problem-solving skills
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Similar Jobs
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
