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Job Title: Market Risk Analyst
Organisation: Absa Group Limited (formerly Barclays Bank UK)
Duty Station: Kampala, Uganda
About US:
Absa Group Limited (formerly Barclays Bank UK) is a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Job Summary: The Market Risk Analyst works closely with business units and control groups to ensure there is a transparent, consistent and comprehensive program for managing Market risk across the bank.
Key Duties and Responsibilities:
Risk Control
- Adhere to policies and standards, as per the market risk framework.
- Participate in market risk limit review at least once a year, but as often as required.
- Investigate PV and completeness reconciliations and resolve exceptions on a daily basis.
- Investigate and resolve exceptions in the sensitivities reports daily.
- Implement new controls as may be required by regulations, Absa Group, relevant projects or other stakeholders.
Risk Reporting / Monitoring
- Report on and monitor exposures against predefined limits on a daily basis.
- Ensure that limit breaches are escalated according to policy and that management is provided with all information that is needed to make decisions.
- Reports must be accompanied by commentary that is relevant to the business and highlights key risks and changes in risk.
- Provide inputs for daily, weekly, monthly and other / ad hoc reports; this includes both quantitative and qualitative input.
- Develop reports for new businesses.
Risk Management
- Provide advice and expertise to assist business in optimizing risk profiles.
- Develop and maintain familiarity with key positions held and market risk issues faced by the relevant trading desk(s).
- Provide meaningful and value-add analysis. This will be used to inform management actions and/or discussions.
- Build an understanding of capital requirements and the drivers thereof to provide business with insight to make trading / hedging decisions.
- Perform any ad hoc analysis requested by management or business.
- Participate in new product / business developments, significant change processes and
- Structured product / derivative reviews by performing risk assessment.
Stakeholder / Relationship Management
- Continually interact with Front Office staff to discuss strategy, market risk profile, market expectations and key risks
- Build strong internal (Market Risk) and external (Front Office and other Infrastructure areas) relationships, to build synergies and efficiencies.
- Manage business needs and expectations.
Qualifications, Skills and Experience:
- The applicant should hold relevant qualifications
- Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
How to Apply:
All suitably qualified and interested candidates who wish to join ABSA Group in the aforementioned capacity should apply online at the link below.
Deadline: 27th November 2023
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