ALM Risk Analyst needed at FirstRand Corporate Centre

Job Description
Hello future ALM Risk Analyst!

• FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!

Are you someone who can:

• Conduct daily liquidity risk reporting e.g., daily liquidity coverage ratio.
• Prepare and review of ALM risk BA returns for SA and foreign entities.
• Ensure full compliance with appropriate regulations and published directives, circulars, and guidance notes.
• Be aware of new regulations and provide guidance on how this could affect treasury operations (and potential impact on our existing processes to assist)
• Work with the assurance functions to continuously improve the effectiveness of the control environment and to embed a functioning feedback loop.
• Develop and provide guidance to risk production team(s) to support risk reporting/IT strategies.
• Identify gaps in the existing risk processes and work cross functionally to address them.
• Provide guidance, support, and appropriate prioritisation for key risk-based project deliverables.
• Provide independent review of proposed business plans and transactions.
• Ensure compliance with agreed ALM framework and policies.
• Develop and provide guidance to risk production team(s) to support risk reporting/IT strategies.
• Review and enhance appropriate (standardized) risk reporting to risk committee(s)
• Conduct risk management education and training from time to time.
• Report and conduct financial statement disclosures
• Actively participate in appropriate risk committees and forums
• Develop & maintain relationship with relevant management teams (including business and treasury)
• Develop & maintain relationships with teams driving new group reporting and data strategies.
• Be kept informed of any new deals/products that are to be launched and identify how this could impact on risk processes and reporting.
• Be responsible for the reporting aspects of the Asset Liability Management Risk function such as conformance and adherence with: Group policies; risk limits; the relevant regulations across jurisdictions; and ensure constant review/enhancements of existing processes to improve the underlying control framework informing outputs to various key stakeholders (including senior management and regulators).

You will be an ideal candidate if you:

• Under-graduate degree in Banking, Risk Management, Finance, Accounting or Auditing and/or quantitative subjects, Applied Mathematics, or Professional Accounting, and/or similar professional financial qualification.
• 2 – 3 years + experience
• Capable of analyzing complex concepts and translating these into simple and concise narratives for management and other stakeholders.
• Capable of managing large datasets using tools such as Excel/VBA/SQL/Power query
• Knowledge of ALM risk measures and practices (e.g., NII sensitivity, reprice and cashflow ladders)
• Experience of balance sheet management/ALM systems such as KRM/QRM is advised.
• Understanding of governance and control frameworks.

You will have access to:

• Challenging work in a complex and exciting environment
• Opportunities to innovate and create efficiencies.

We can be a match if you are:

• An experienced Asset and Liability Management Risk Analyst. In this role you will be responsible for the regulatory and external reporting of Asset & Liability Management across the Group.
• Obsessed with mastery – you know what it takes to become good at what you do and are constantly pushing yourself to do it.