Derivatives Regulations Risk Specialist - Sandton at Absa Group Limited (Absa)

Job Summary

• Work closely with XVA desk in support of Pan Africa strategic initiatives impacting the global markets desks workflows and leverage across many pan African teams/functions to assess issues, quantify their impact and provide suggestions for remediation. Will be required to maintain a strong relationship with a variety of system owners to ensure that the processes are globally aligned. Suited to a candidate with previous experience in Investment Banking with exposure to Market risks/product control and valuation topics. A good knowledge of Sigma/or exposure to XVA system build coupled with a thorough understanding of and experience in XVA management and Counterparty Credit Risk processes such as PFE, risk reporting including drill down capabilities required at various levels and Derivative transaction life-cycle management from both a Front and Back Office perspective. Extensive knowledge of OTC Derivatives (both Plain-Vanilla and Exotic) including valuation models and methodologies and exposure to other Asset Classes (Commodities, Credit, Equities and FX) a plus. Minimum of 4 years degree in Mathematical/Physical Sciences/ Actuarial Science.

Job Description

Responsibilities

• Facilitate implementation of regulatory capital requirements from a business strategy perspective, with specific focus on revised Basel framework
• Handle the main part of the special requests coming from Front Office
• Interact with other lines of business within Global Markets and support areas regarding bigger projects requiring the intervention of other department  (including Finance, Middle Office, Risk, Technology, Quants, Legal, etc.)
• Report on a timely basis and escalate issues to management at the appropriate time.
• Work with Product controller's, Market risks  teams on a  Pan African basis and numerous teams within the bank

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)