Senior Specialist: Liquidity Risk - JHB at Liberty Group South Africa

Purpose

• To apply lateral thought and experience in order to assist in establishing and maintaining an independent risk oversight function, by providing effective challenge, generating insightful analyses and producing reliable reporting.

Minimum Experience

• 3 - 5 years experience in a similar environment, of which 1 -2 years at a junior specialist level

Minimum Qualifications

• Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Finance Economics and Accounting

Additional Minimum Qualifications

CFA, PRM or FRM is advantageous.

Outputs

Process

• Accountable for the improvement of quality, service and work outputs, continuously recommending improvements.
• Plan for the organisation of work outputs and process improvement activities in light of a specific situational context related to the area of specialisation.
• Proactively identify area of specialisation related problems, determine cause and effect and recommend the best option to implement corrective action based on previous experience.
• Ensure a thorough understanding of the liquidity risk profile of LGL at all times, including all factors which could contribute towards a change in the risk profile.
• Apply independent thought to current positioning and share insights, thoughts and concerns with relevant stakeholders.
• Ensure that all material risks are monitored and reported on a regular basis and in a timely manner and also escalate control gaps to appropriate forums.
• Monitor, escalate and define corrective actions required for all liquidity risk related breaches/excesses.
• Seek to enhance and expand risk reporting capabilities to add value to the business and to establish a robust risk reporting environment.
• Oversee and facilitate the production and distribution of daily risk reporting.
• Facilitate the effective implementation and roll-out of changes to risk oversight environment including risk reporting.
• Review all new product proposals submitted by retail or corporate BUs with the intention of identifying new liquidity risk exposures.
• Ensure that limits are calibrated to be in line with the Risk Appetite statement and that the limits evolve with the business.
• Keep abreast with regulatory developments related to liquidity risk and how these may impact Liberty.
• Seek to establish close relationships with various stakeholders within LibFin and Liberty in order to facilitate the establishment of an integrated liquidity risk function.
• Ensure effective transfer of knowledge to fellow team members.

Customer

• Provide specialist expertise and advice to internal/external customers, that builds strong relationships and creates a favourable impression aligned to Treating the Customer Fairly (TCF) principles.

Finance

• Adhere to financial controls, governance and compliance policies and processes throughout an area of specialisation, contributing to cost efficiency.

Learning and Growth

• Contribute positively to human capability improvement, related to knowledge optimisation and associated with area of specialisation.

Governance

• Comply to risk and governance policies, implement and provide subject matter input to the development of related processes, applicable to the area of specialisation.
• Produce regular reporting to governance committees such as ALCO and LibFin Risk Forum.