Senior Risk Analyst

Job Overview

Senior Risk Analyst required in Sandton, Johannesburg.

The Senior Risk Analyst will be responsible for driving and executing the risk management function within the organization, with a strong focus on market and liquidity risk, ICAAP reporting, regulatory compliance, and risk methodology development.

This is a high-impact role in a regulated financial institution, providing critical oversight of the bank’s exposure to various financial risks. The successful candidate will work closely with internal teams and external regulators to ensure a robust and compliant risk framework aligned to Basel III standards.

Salary: Up to R900,000 p.a. (Negotiable for an outstanding candidate).

Candidate Requirements:

• Honours or Master’s degree in Economics, Finance, Statistics, or related field; an MBA will be an advantage.
• Minimum 5 years’ experience in a similar role at a commercial bank servicing corporate or institutional clients.
• Strong understanding of Basel III requirements and SARB regulatory frameworks.
• In-depth knowledge of market risk, liquidity risk, and interest rate risk in the banking book (IRRBB).
• Technical skills in Excel and experience with risk analysis tools, stress testing, and scenario modelling.
• Experience with ICAAP, BA300, BA330, contingency funding plans, and regulatory submissions.
• Familiarity with LCR, NSFR, IRRBB models and other market risk methodologies.
• Fluency in English required; Chinese language proficiency would be advantageous.
• Strong analytical, communication, and reporting skills.
• Ability to work in a fast-paced environment, independently and as part of a team.

Key Responsibilities:

• Develop, review, and implement risk policies and procedures in alignment with the Bank’s Risk Management Framework.
• Conduct quantitative and qualitative risk evaluations across market, liquidity, and IRRBB risk areas.
• Own and manage all regulatory reporting related to market and liquidity risk, including ICAAP, BA returns, and stress testing.
• Monitor and mitigate key market and liquidity risk indicators, raising breaches and exposures to senior leadership.
• Perform portfolio evaluations on the Bank’s trading and investment books (e.g., bonds, interest rate swaps).
• Develop and enhance risk models for LCR, NSFR, IRRBB and other relevant exposures.
• Lead the execution and documentation of stress tests, scenario analyses, and contingency funding planning.
• Serve as the key liaison for internal and external auditors in relation to market and liquidity risk matters.
• Support the operation and testing of core banking system functionalities related to risk.
• Participate in relevant risk committees, internal working groups, and regulatory engagements.
• Collaborate with broader risk and credit teams and act as backup in cross-functional tasks when required.
• Continuously improve risk assessment methodologies in line with international best practice and regulatory guidance.

This Role Offers:

• A critical role in strengthening the risk posture of a fast-paced banking institution.
• High visibility with executive teams and regulatory stakeholders.
• Opportunity to influence risk strategy and methodology within a dynamic financial environment.
• Exposure to a broad range of risk types across both on- and off-balance sheet activities.
• Platform to grow into senior risk leadership and policy advisory roles.