Associate Risk Analyst

Detaileddescription

The successful candidate will be responsible for the following key performance areas:

• Manage regulatory requirements and compliance monitoring frameworks for investment products.
• Monitor adherence to investment guidelines, regulatory requirements, policies and internal controls, and escalate non‑compliance where require
• Assist in ensuring that FMD practices are aligned with international Anti-Money Laundering (AML)/ Combating the Financing of Terrorism (CFT) standards and comply with applicable local and international regulations.
• Assist in preparing accurate, reliable and insightful risk and compliance reports for management and relevant governance forums.
• Analyse risk trends, incidents and control effectiveness, and contribute to actionable risk insights and recommendations.
• Conduct research on regulatory developments, industry practices and emerging risks relevant to financial markets.
• Preparation of briefings and presentations for internal and external stakeholders.
• Assist in the design and delivery of compliance and operational risk training and awareness programmes.

Jobrequirements

To be considered for this position, candidates must be in possession of:

• a postgraduate degree (NQF 8) in either Investment Management, Risk Management, Finance, Banking, Law or a related field;

• two to five years of experience in the financial services industry, especially within a Treasury environment.

• knowledge of financial instruments, risk frameworks and regulatory landscape for treasury or asset management environment.

• knowledge of the Bloomberg software.

  The following would be an added advantage:

• a Professional Risk Management (PRM), Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) qualification.

• Completed STRATE and/or JSE compliance officer examinations.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

WHAT WE DO

Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

Statistics

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.