About Deloitte

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 312,000 people make an impact that matters at www.deloitte.com. 

About the Division

Financial Services Advisory (“FS Advisory”) is an established advisor within the financial services industry. Our vision is to be the leading provider of advisory services to financial services institutions and corporate treasury operations across Africa. Our service offering includes:

• Credit Risk
• Balance Sheet Management (Including Enterprise Risk Management, Stress-testing and Economic Value)
• Valuations
• Regulatory Advisory
• Regulatory Assurance
• IFRS Advisory
• Corporate Treasury
• FinTech

FS Advisory furthermore incorporate the service offering of Business Optimization Services, which focuses on enabling our service offerings listed above through enhancing our clients’ processes and data management frameworks within their organisations.

The FS Advisory team comprises a strong mix of business, risk and regulatory practitioners with a technical appreciation for both financial modelling and programming disciplines. In so doing, we are able to bring our clients practical solutions that look to address their end-to-end strategic and business model requirements.

What impact will you make?

Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you’ll find unrivalled opportunities to succeed and realize your full potential.

To be a contributing team member on client engagements in the trading risk environment, including e.g. traded market risk, counterparty credit risks, etc.  Such client engagements / projects may include current state assessments; model reviews and validations; solution / model design, build and implementation – both with respect to the bank’s management needs or regulatory requirements.

• To assist in the development and use of tools such as calculation engines and client solutions used for risk quantification and management in terms of the above risk types.
• To support senior management with the administration and management of client engagements, as may be required from time to time, e.g. preparation of proposals, tracking of budgets, internal risk & independence processes, etc.
• Willingness to travel internationally to support client engagements across e.g. UK, Europe, Middle East, Australia, subject to prevailing travel restrictions.

What you’ll do / Specialized Competencies

You will be primarily responsible for execution on client engagements and growing the business.

The team:

• Analyses regulatory and other developments within South Africa, Africa, the Middle East and key markets which have a strong influence on local regulatory developments such as the UK, EU and the USA.
• Identifies clients and sectors impacted by the regulatory developments.
• Develops tailored sector and client-specific solutions in response to opportunities identified and assists clients in executing on these.

Through the adoption of a strategic and forward-looking approach to the identification and analysis of emerging financial services regulations and trends, we help our clients understand trends and the changing regulations and the impact that this can have on their strategies and underlying business models. The team possess several regulatory experts, who focus on interacting with those individuals at our clients charged with accountability to manage their organisation’s response to changes in financial services environment and regulations.

Key Competencies required:

• Financial and risk modelling across the abovementioned risk types.
• Advisory support to clients on industry best practice and implementation of new Basel regulations in terms of models, governance & controls, organisational structure, policies, etc.
• Implementation support to clients on the abovementioned risk types and systems.
• Support to management in terms of research, article writing, client presentations, client solution development and project management.

You would need to have the following qualifications and experience:

• CA (SA) or degree/ honours/ masters in Quantitative Risk Management; Actuarial Science or Financial Mathematics (Compulsory)
• Started or completed studies towards CFA, PRM or FRM for CAs and Financial Mathematics candidates (Preferable)
• Work experience in the treasury or trading risk environment of a bank (Required)
• Work experience with respect to the latest prudential (Basel) regulatory requirements in terms of trading risk (Preferable)

We are looking for skills and experience in any of the following areas (preferably 1 to 5 years of experience).

• Market risk
• Counterparty credit risk (CCR)
• Credit valuation adjustment (CVA) risk
• Fundamental review of the trading book (FRTB)
• Standardised approach to CCR
• Regulatory reporting
• Modelling capabilities (e.g. Python, VBA, SAS, Matlab, C# etc.)
• Trading / risk systems experience (e.g. Murex, FIS, Calypso, Algo, etc.)
• Valuation of financial instruments
• Front office, Middle office (e.g. product / valuation control) or Risk experience
• Experience in risk measurement and analysis in terms of all standard risk metrics (sensitivities, stress, VaR and tail metrics).
• Governance and controls, policies and procedure documentation.

Please note that this job advertisement provides a summary of the capabilities required and all candidates shortlisted will receive a full list of capabilities.

Why Deloitte?

At Deloitte, we create positively differentiated work experiences that enable our people to feel valued and achieve their full potential. Deloitte Africa opens the door to a career that can cross borders virtually and physically across the African continent and globally to gain experience and access projects beyond our borders. We value difference, and embrace people with diverse backgrounds, experiences, gender identities, abilities and thinking styles. Knowing that people work best in a variety of ways, we are happy to discuss alternative arrangements if the working pattern you are looking for is not specifically indicated.

Your role as a leader

At Deloitte we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters.

In addition to living our purpose, you will be expected to:

• Contribute to a high-performing team
• Deliver exceptional client service; maximize results and drive high performance while fostering collaboration across businesses and borders
• Influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people
• Understand key objectives for clients and Deloitte; align people to objectives and set priorities and direction

At Deloitte, we want everyone to feel they can be themselves and to thrive at work—in every country, in everything we do, every day. We aim to create a workplace where everyone is treated fairly and with respect, including reasonable accommodation for persons with disabilities. We seek to create and leverage our diverse workforce to build an inclusive environment across the African continent.