Mahendra Ramlucken

· Responsible for conducting detailed investigations, analysis and evaluation of market risk initiatives and key issues impacting market risk and market risk capital, and identifying appropriate and effective solutions that meet the needs of the business and align to regulatory and internal standards and best practice.

· Assist in the development, management and reporting of new trading products from business initiatives through participation in the New Product Process as well as assisting business areas to comply with all relevant market risk policies and procedures.

· Seek opportunities to improve risk management processes and controls by identifying and recommending effective ways to manage risks and add value to Nedbank.

· Stay abreast of developments and regulatory requirements in the market risk industry, ensuring personal and professional development and growth, and contribute to the overall performance of the team by sharing knowledge and industry trends during formal and informal interactions

· Assist in delivering Nedbank CIB Market’s Risk’s implementation of the Fundamental Review of the Trading Book (FRTB) regulatory requirements.

· Identify appropriate opportunities for capital optimisation through the analysis and investigation of market risk exposures and aggregations.

· Effectively deliver complex oral and written messages in a clear, structured, accurate and concise manner, based on facts.

· Provide timeous and accurate senior management commentary on key market events and the potential impact on trading positions in order to facilitate decision making processes.

· Build and maintain strong and effective relationships with both internal clients and stakeholders through regular communication and interaction.

· Establish effective relationships with business

· Develop and maintain trusting working relationships with team.

· Create an environment of teamwork through engaging with market risk analysts and encouraging participation in projects and initiatives.

· Build and maintain strong and effective relationships with stakeholders through regular communication and interaction in order to ensure the effective delivery of market risk projects and initiatives

· Manage time, plan and organise work tasks, monitor progress and meet deadlines.

· Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.

· Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).

· Improve client service by assisting stakeholders with regards to processes/procedures, e.g. special deals, limit breaches, limit increases and answering any queries that the desk may have with regards to the processes/procedures

· Ensure that front office adhere to policies, procedures and mandates by analysing and sending daily risk reports

· Ensure investment mandates are adhered to and collaborate with front office to resolve any breaches

· Formulate scenarios and necessary stress testing of portfolio positions

· Analyse, report and resolve data, process and system operational issues in respect of instrument valuations and reconciliations.

· Reconcile profit and loss exceptions with limit utilisations and resolve any queries timeously through regular analysis

· Check that data in terms of trades, reconciliations and market data are completed regularly by evaluating the daily reconciliations, limit exceptions, market data completeness, term to maturity reports

· Deliver broad based market commentary and insights, e.g. additional or what if analysis by keeping abreast of the latest market development and trends

· Monitor profit and loss thresholds by analysing exposures and reporting to senior management

· Ensure accuracy of data used for capital calculations through daily trade and market data reconciliations

· Support the implementation of Fundamental Review of Trading Book (FRTB)

• Understand risk factors for each product offered by the desk.
• Reproduce pricing and risk metrics independently.
• Analyze valuation and risk metric processes to troubleshoot technical discrepancies.
• Interpret current risk reports and stay updated on product and system changes.
• Consolidate additional market risk metrics into standardized report formats.
• Enhance risk reporting, insights, and proactive risk management.
• Collaborate with finance and support teams to attribute profits and losses to market risk drivers.

• Accurate measurement of risk factors and exposures in the Bank's portfolios
• Timely and accurate reporting of exceptions
• Clear, well-researched, and informative reports, presentations, and analysis within deadlines
• Periodic analysis reports on developments and exposures impacting market risk in reserve portfolios (scenario analysis)
• Documentation of methodologies, parameters, and quality assurance practices for market risk
• Effective engagement with internal and external stakeholders on all aspects of market risk

• Assess credit risk of counterparties in the Bank's portfolios (portfolios may change over time)
• Prepare daily, weekly, monthly, and quarterly reports for relevant Bank stakeholders
• Assist in developing strategies for credit risk management and contribute to market-related policy formulation and implementation
• Conduct complete review and validation of policies related to:Credit limits
  Concentration limits
  New strategies or methodologies for managing risks
  
• Enhance processes for improved relevance, timeliness, and accuracy
• Introduce innovative models with new metrics
• Provide relevant information to the Compliance unit regarding counterparties as needed