Posted on :
13 Sep, 2010
13 Sep, 2010
During the Risk programme, you’ll gain valuable experience in a number of stimulating Business areas and will be involved in a variety of work. You could contribute to quantitative modelling, risk measurement, completing credit papers, analysis, reporting or ad hoc project work.
Over a period of around ten months, you’ll spend time in a number of specialist risk teams, including:
Credit risk management is crucial in understanding the nature and quality of our counterparties as well as their concentrations in terms of industry and country. Our core aim is to partner the business to understand credit risk so we can apply appropriate pricing to optimise the bank’s risk-adjusted return. To do this we need to be competent in assessing credit, financial, economic, legal, political, regulatory, environmental and reputational risks. Risk management, as both a science and an art, has become enormously complex and increasingly professional to address the industry’s shift to an Economic Capital business philosophy, and the evolution of sophisticated derivative markets. Join us and you’ll enjoy direct, dynamic and stimulating exposure to all the key businesses and transactions at the heart of CIB’s expertise.
In Credit Analytics you’ll gain experience of a number of areas. These will include the use of simulation techniques of market risk drivers using stochastic processes to derive the credit exposure profile of trading book instruments and other types of risks which interlinks with credit risk, for instance wrong-way risk. You’ll also be exposed to the development of ratings models that determine PD (Probability of Default), EAD (Exposure at Default) and LGD (Loss Given Default) credit risk parameters for the banking book portfolio, taking both quantitative and qualitative factors into account. And you’ll learn about evaluating the regulatory capital held by the bank on its credit risk and its sensitivity to changing market conditions by making use of stress testing techniques, stressing PD, LGD and EAD.
Join this team and you’ll develop your knowledge of the global markets and relevant financial instruments to assess the risks that our business is exposed to in the world’s financial markets. In Market Risk we keep an eye on what our business units are doing, as well as watching areas such as equity, bond and commodity prices, currency exchange rates, interest rates, volatilities and credit spreads. This helps us to understand the risk we face as a business and to ensure we meet our statutory market requirements.
Global Markets Credit serves as the main connection between the trading floor (Global Markets) and the Credit Risk division from where credit risk appetite is sanctioned. We work with traders to help them manage credit risk and help Credit understand Global Markets requirements, products and risk methodologies.
You’ll need to be a South African citizen in the final year of a postgraduate course, or a recent graduate with up to a year’s work experience. Your degree could be in any of a number of subjects, including advanced maths of finance, mathematics, actuarial science or any similar quantitative studies.
Through our mentorship and buddy initiatives throughout the programme, you’ll have direct access to directors, senior managers and a recent graduate to help you with any questions you might have.