EN

MARKET RISK SPECIALIST

Company FINANCIAL SECTOR CONDUCT AUTHORITY
Reference # FSCA 158
Published 08/09/2021
Contract Type Permanent
Salary Market Related
Location Pretoria, Gauteng, South Africa
Introduction
To advise the Market Infrastructures and OTC Markets department internally on a wide range of practices, conduct and concerns affecting the industry and allied activities. Assist with the development of effective internal policies and relevant legislation, as well as establish and maintain a professional relationship with the diverse industry players. The person appointed to this position will have a direct reporting line to the Head of Department.
Job Functions Marketing,Risk Management
Industries Regulatory
Specification
Key Performance Areas

•Develop and implement quantitative risk management capacity within the department including but not limited to quantitative risk models, risk management programs, oversight techniques and training schedules;
•Provide critical analysis of significant issues affecting the industry and guide the department in the pursuit and achievement of international best practice;
•Identify shortcomings and anomalies to the regulatory framework and subordinate legislation;
•Propose changes to the regulatory framework and assist the Head of Department with the implementation of such changes;
•Assist the Head of Department to develop and maintain an effective and efficient supervisory framework within the context of the approved legislation, and execute supervisory function within defined SLA limits
•Assist with monitoring compliance with the provisions of the Financial Markets Act and subordinate legislation;
•Assist with conducting investigations regarding Market Infrastructures and Over the Counter Derivatives Providers and ensure that all relevant complaints are dealt with;
•Plan, conduct and provide feedback on onsite inspections, including liaison with relevant stakeholders;
•Attend and constructively participate in all meetings and projects with stakeholders when required to do so; and
•Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Head of Department.

Other Key Competencies:

The candidate must demonstrate the following skills and attributes:
A high level of numeracy, appreciation of systems as they pertain to trading of securities, judgement and integrity, and the ability to follow a confident and decisive approach, particularly in executing on-site and off-site market surveillance. Competence is further required in interrogating, information gathering, problem analysis, communications skills, time management and organisational skills; excellent ability to write findings clearly, precisely and logically, display initiative and an ability to work under pressure, and must be able to work in a multi-disciplinary team.

The FSCA is committed to increasing the representation of marginalised groups in line with its transformation strategy. Persons with disabilities are encouraged to apply.

Requirements
A post graduate bachelor’s degree in Commerce, Mathematics or Business Science. A Master’s degree in a related field or CFA/FRM certification will be an added advantage. The person must have at least 3 to 5 years quantitative risk management experience within the investment/corporate banking, corporate finance or assets management industry. Demonstrable experience in managing market risk as well as defining and developing quantitative market risk is essential. An understanding of complex financial instruments and the pricing and valuation methodologies thereof is required.
Job Closing Date 16/09/2021
   
   
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Last Updated: 30-6-2021 [21.06.02.21]
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