Company : Deloitte
Location: Midrand, South Africa
Closing date: Not Specified
About the Regulatory and Financial Risk team
Our Regulatory and Financial Risk (RFR) team is a well-established advisor in the financial services industry. Our vision is to be the leading provider of advisory services to financial institutions and corporate treasury operations across Africa. The RFR team consists of a strong mix of business, risk, and regulatory experts who are skilled in both financial modelling and programming. This diverse expertise enables us to offer our clients practical solutions that address their comprehensive strategic and business model needs.
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About the Role
As a graduate, you will support the business area leadership in the implementation of strategic initiatives through the effective management of the team, and to provide key insight and guidance in quantitative modelling methodologies for valuations, risk, and strategic projects.
Within Regulatory and Financial Risk (RFR), this role will support the Financial Instrument Valuations team by undertaking a variety of specialist tasks such as:
- Derivative Instrument Valuations
- Hedge Accounting Advisory
- IFRS 2: Share Options and BEE Valuations
- Tool / Model Development and Validation
- Counterparty Credit Risk (xVA) Valuations
What We Offer
- Unrivalled learning opportunities. Because we perform consulting services, every project is different and every client is different, providing you with fresh challenges and the opportunity to expand your professional network.
- Exciting career growth prospects with remuneration to match the prospect of working closely with professionals who are leaders in their fields. The opportunity to explore less traditional actuarial fields and be involved in leading edge projects.
- Extensive exposure to a broad range of risk work, providing the opportunity to build and strengthen a broad range of risk management skills.
- A large team of professionals to support business and professional growth and provide project resources.
- The international Deloitte network provides access to International best practice.
Specific Responsibilities
- Assisting in the development, automation and validation of financial and risk models.
- Perform statistical analysis (e.g. clustering and segmentation).
- Perform numerical valuation techniques (e.g. derivatives and exotic structures) and constructing yield curves.
- Assisting in the creation of market leading solutions and thought leadership; building strong client relationships; and general problem solving.
- Reporting to the Manager who leads the team you are assigned to but also reporting to the managers leading individual projects.
Required Education
University Graduate with a Masters (MCom / MSc) or Honours degree, specialising in any of the following relevant fields:
- MSc Financial Engineering
- MSc Quantitative Risk Management, Risk Analysis
- BSc/BCom Honours in:
- Quantitative Risk Management;
- Actuarial and Financial Mathematics;
- Financial Engineering;
- Advanced Maths of Finance;
- Applied Economics/Econometrics;
- Mathematical Sciences/Statistics;
- Applied/Financial Mathematics;
- Physics; (Applied) Statistics; or
- Any other relevant mathematical / statistical degree.
NB. Experience in C#, Matlab, Python, R, SAS or VBA is an advantage.
Skills and Competencies
- Strong interpersonal and communication (written and oral) skills.
- Technical proficiency and an eagerness to expand skills and develop knowledge.
- The ability to thrive in a dynamic environment with multiple deliverables.
- The ability to interact in a team environment.
- The ability to find innovative solutions to complex and often unusual challenges.
- Flexibility i.e., the ability to adapt quickly to changing environments and changing requirements.
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