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FirstRand · Johannesburg

# ALM Risk Analyst

Johannesburg Full-time 

Listed on FirstRand’s official careers site. Posted November 5, 2026. Check that it is still open and apply there.
[Apply on FirstRand’s careers site →](https://firstrand.wd3.myworkdayjobs.com/FRB/job/Johannesburg/ALM-Risk-Analyst_R54957)

[OpenNash Jobs](https://jobs.opennash.com/) / [FirstRand](https://jobs.opennash.com/companies/firstrand/) / ALM Risk Analyst

## Job description

### Job Description

The ALM Risk Analyst: Projects is responsible for owning and delivering assigned change initiatives across the ALM Risk function, with a focus on to Broader Africa and foreign entities. The role translates regulatory, risk-management and business requirements into sustainable processes, reporting capabilities, data solutions and system-enabled outcomes. The analyst works across ALM Risk, Treasury Risk Reporting, ALMA, technology teams, business units and Broader Africa entities to define requirements, coordinate implementation, perform user acceptance testing, validate outputs and transition completed solutions into controlled business-as-usual processes.

A key objective of the role is to improve the scalability, repeatability and resilience of ALM risk processes. This includes reducing manual intervention and key-person dependency, strengthening documentation and controls, standardizing common reporting components, and building capability through training, knowledge transfer and cross-skilling. Project ownership and delivery Own assigned ALM risk projects from initial scoping through implementation and transition into business as usual.

Define project objectives, scope, deliverables, milestones, dependencies, risks and measures of success. Develop and maintain implementation plans and proactively monitor delivery progress. Identify project overlaps and dependencies and coordinate these across the relevant workstreams. Escalate delivery risks and initiate appropriate corrective action. Maintain appropriate project governance, including status reporting, issue logs, decision records and implementation evidence.

Regulatory interpretation and risk analysis Interpret new and amended regulatory requirements across South Africa and relevant Broader Africa jurisdictions. Assess the effect of regulatory change on ALM risk measurement, reporting processes, systems, data and controls. Translate regulatory and risk-management requirements into clear business and functional requirements. Assess the balance-sheet and risk-measurement implications of proposed process, model or system changes.

Provide guidance on existing ALM regulatory reporting requirements. Solution design and implementation Document current and target-state processes and perform business-process impact assessments. Develop business requirements for technology-enabled solutions. Coordinate solution design with ALM Risk, Treasury Risk Reporting, ALMA, technology and other affected stakeholders. Plan and execute user acceptance testing and maintain evidence of test coverage and outcomes.

Validate the completeness and reasonableness of results produced by implemented solutions. Coordinate implementation, post-implementation review and formal transition into business as usual. Reporting stabilisation and optimisation Identify opportunities to simplify, standardise and automate ALM and regulatory reporting processes. Promote the use of common data sources, mappings, calculation logic and controls across related regulatory reports.

Develop exception-based monitoring and reporting approaches that identify material data or risk movements promptly. Reduce manual intervention and improve the repeatability, resilience and auditability of reporting processes. Support the development of readily available dashboards and decision-useful risk information. undefined Stakeholder management Build effective working relationships across ALM Risk, Treasury Risk Reporting, ALMA, technology, business units and in-country risk teams.

Ensure appropriate stakeholder involvement and alignment throughout the project lifecycle. Manage expectations through clear communication of scope, progress, risks, decisions and delivery timelines. Work with Internal Audit, Compliance and assurance functions to demonstrate the effectiveness of relevant controls and incorporate feedback into process improvements. Capability building and knowledge transfer Produce operating procedures, process maps, control documentation, training material and user guidance for implemented solutions.

Facilitate formal training and practical knowledge-transfer sessions across relevant jurisdictions and teams. Design processes that can be maintained by more than one appropriately trained team member. Support cross-skilling and succession coverage for critical processes. Ensure that project knowledge and lessons learned are retained and reusable.

### Experience and Skills

Essential Three to five years’ relevant experience in banking, financial risk, regulatory reporting, business analysis or project delivery. Working knowledge of bank balance sheets, ALM risk and Basel-based regulatory requirements. Experience translating business or regulatory requirements into processes, functional requirements or reporting solutions. Experience in project coordination or project delivery, including managing milestones, dependencies, risks and stakeholders.

Experience in process mapping, business-process analysis, testing and implementation. Strong analytical, problem-solving, communication and documentation skills. Ability to work across risk, finance, reporting, technology and business teams. Experience with SQL, Python, Power BI, Power Query or similar data and automation tools Advantageous Experience in liquidity risk, interest-rate risk in the banking book, regulatory reporting or Treasury Risk.

Experience with BA returns, LCR, NSFR or related ALM reporting. Change-management, consulting, advisory or auditing experience. Experience supporting the implementation or operationalization of financial risk models. Experience working across multiple jurisdictions.

### Qualifications

Post Graduate Degree or an Honours Degree in Finance or Risk Management or a Commerce discipline or Auditing Important Closing Date Note Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 12/11/26 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities.

In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

## At a glance
- Posted by the employer: Nov 5, 2026
- First seen by OpenNash: Nov 6, 2026
- Last checked: Nov 6, 2026
- Listed for: 1 day
- Location: Johannesburg
- Employment type: Full-time[Apply on FirstRand’s careers site →](https://firstrand.wd3.myworkdayjobs.com/FRB/job/Johannesburg/ALM-Risk-Analyst_R54957)

## Hiring at FirstRand
- Open jobs: 124
- New in the last 7 days: After two weekly collections
- Tracked since: Oct 23, 2026

[All FirstRand jobs](https://jobs.opennash.com/companies/firstrand/) · [Weekly hiring report](/reports/hiring/)

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