Senior Financial Markets Specialist

Pretoria - South Africa

Monthly Salary: Not Disclosed

Posted on: 3 days ago

Vacancies: 1 Vacancy

Department:

Finance

Job Summary

To lead the development of robust financial benchmarks and market-wide transitions toward alternative reference rates in South Africa. To enable price discovery the company calculates and publishes several benchmarks including the South African Rand Overnight Index Average (ZARONIA) which has been designated as the successor rate for the Johannesburg Interbank Average Rate (Jibar). The incumbent will oversee and optimise the production of company-administered benchmarks and drive initiatives aimed at increasing their adoption in financial markets.

Furthermore as technological advancements and the availability of data continue to shape financial markets the incumbent will be required to conduct research on market microstructures and lead the development of analytics for monitoring financial markets detecting market dysfunction and assessing the transmission of monetary policy. As such the incumbent will leverage data sources model financial markets and develop tools for monitoring key funding markets including the foreign exchange and debt capital markets

JOB DESCRIPTION

Benchmark administration monitoring and analysis

Monitor and analyse the performance representativeness and robustness of designated benchmarks and reference rates.
Contribute to the administration of company benchmarks and ensure the timely calculation and publication of designated benchmarks and reference rates.
Design review and maintain benchmark governance frameworks including methodologies controls and accountability arrangements
Ensures that methodologies applied comply with local and international standards
Collaborate with other specialists across the company to implement technological infrastructure solutions for benchmarks and analytics.
Prepare analytical notes charts dashboards and briefing material for senior management and the Reference Rate Oversight Committee.

Financial market structure reforms

Contribute to working groups and committees focused on market structure reforms including market transitions to alternative reference rates.
Coordinate with relevant regulators and industry bodies to facilitate market transitions.
Prepare company position papers presentations speeches and industry papers on issues related to market structure and functioning.

Market functioning research analyses and innovation

Monitor and assess the functioning of money bond foreign exchange markets and related derivatives.
Analyse liquidity conditions pricing anomalies market fragmentation and transmission of monetary policy.
Identify market frictions stress signals and structural changes affecting market efficiency.

Work with large financial datasets to develop indicators of market conditions market stress and market dysfunction.

Support automation data visualisation and analytics initiatives to improve market monitoring and operational efficiency.
Engage market participants infrastructure providers industry bodies and other relevant stakeholders to gather market intelligence

Contribute to the learning and development of junior specialists.

Quality assures and integrates analysis and reports submitted by other Financial Market Specialists
Assist with committee administration.
Leads initiatives in support of departments objectives and perform ad hoc tasks.

JOB REQUIREMENTS

To be considered for this position candidates must be in possession of:

An Honours degree (NQF8) in Economics Finance Statistics Data Science or an equivalent combination of education and job-related experience; and
At least 8 to 10 years work experience in financial markets.

The following will be an added advantage:

Knowledge of financial markets products and the pricing thereof;
Knowledge of quantitative finance;
Proficient in Microsoft Office R and/or Python; and
Proficient in data analysis.

Required Experience:

Senior IC