- Validation of credit risk models and processes - Quantitative and qualitative validation of credit risk models and data, together with the application thereof.
- Subject matter expert - Provide input/assistance in the build and refinement of credit risk models within the business clusters.
- Enhancements to existing models - Independent development of models to assess potential for improvement on existing ones.
- Continuous learning - Keeping abreast with emerging regulatory requirements and modelling techniques in order to fulfil the role as a subject matter expert. Conduct research into model development and validation best practice. Independently develop alternate PD, LGD, EAD models to that currently in use.
- Liaising with the stakeholders - Liaising with the business, credit, and senior modellers to ensure that the validation process and feedback are optimised. Preparing and presenting reports to senior management.
- Change facilitation - Facilitate improvement in credit risk models and processes.
- Organisational learning - Knowledge sharing, research and mentoring of junior staff members and graduates, including skill transfer.
- Documentation - Document work performed and findings of validations. Prepare balanced and objective written communications to various stakeholders, including SARB, the external auditors of the bank and the Board.
- Ad-hoc - Assisting management with various ad‐hoc tasks, reports, specific deep dives, SARB communication and analysis.
- 1-2 years experience in Retail risk modelling, validation or credit management environment – with a strong preference for AIRB or IFRS 9 modelling
- Advanced Diplomas/National 1st Degrees
- Honours degree in Statistics/Mathematics/Econometrics/Finance/Actuarial Science or related quantitative discipline.
- Knowledge of legislative requirements for regulatory credit capital models under the AIRB approach
- Statistical or mathematical modelling skills
- Knowledge of IFRS 9 Financial Instruments standard for the calculation of credit impairments is an advantage
- Understanding of credit modelling and rating process
- MS Office, particularly Excel (advanced user)
- SAS and SQL (preferred)
-
Quantitative Analyst
Found in: beBee Professionals ZA - 3 days ago
beBee Professionals Soweto, South Africa Investment Bankers FreelanceBeBee Professionals is looking for a Quantitative Analyst (Quant) to join our team in Soweto. · The successful candidate will be responsible for developing and implementing quantitative models and strategies to support the company's financial and investment decisions. · The ideal ...
-
Quantitative Analyst
Found in: Executive Placements ZA C2 - 5 days ago
E-Merge Johannesburg, South AfricaA bank with a dominant market position in finance and is ideally positioned to offer bespoke funding solutions to set the business up for success has an is searching for a Quantitative Analyst to use statistical and quantitative analysis to improve entrenchment, cross sell and re ...
-
Analyst, Quantitative
Found in: beBee S2 ZA - 3 days ago
Standard Bank Group Johannesburg, South Africa Full timeCompany Description · Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector's most talented, motivated ...
-
Quantitative Analyst
Found in: beBee S2 ZA - 1 day ago
Nedbank Johannesburg, South Africa Full timeRequisition Number and Talent Acquisition · REQ: 133514 · Location: Sandton, Johannesburg · Closing Date: 30 April 2024 · Talent Acquisition: Saranya Govender · Job Family · Investment Banking · Career Stream · Quantitative · Leadership Pipeline · Manage Self: Professional · Job ...
-
Quantitative Analyst
Found in: beBee S2 ZA - 12 hours ago
Nedbank Johannesburg, South AfricaRequisition Number and Talent Acquisition · REQ: 133514 · Location: Sandton, Johannesburg · Closing Date: 30 April 2024 · Talent Acquisition: Saranya Govender · Career Stream · QuantitativeLeadership Pipeline · Manage Self: ProfessionalJob Purpose · The role will be focused on m ...
-
Quantitative Credit Analyst
Found in: Talent ZA C2 - 5 days ago
Old Mutual Johannesburg, South Africa Full timeDescription · Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and bel ...
-
Senior Quantitative Analyst
Found in: beBee S2 ZA - 12 hours ago
Nedbank Johannesburg, South AfricaJob Requisition Details · REQ#133668 · Location: Johannesburg, Gauteng · Closing Date: 14 May 2024 · Talent Acquisition: Bongiwe Mchunu · Job Family · Investment BankingCareer Stream · Quantitative - Credit Solutions & Innovation · Leadership Pipeline · Manage Self: Professional ...
-
Senior Quantitative Analyst
Found in: Executive Placements ZA C2 - 3 days ago
Mindworx Consulting Johannesburg, South AfricaSkill Requirements: · Business analysis: map current processes, identify better solutions, implement solutions where possible (data extraction and simple office automation), spec solutions that require IT support, documentation, testing, change management · Data engineering: the ...
-
Senior Quantitative Analyst
Found in: Talent ZA C2 - 5 days ago
Nedbank Johannesburg, South AfricaRequisition Number and Talent Acquisition · REQ: 133530 · Location: Sandton, Johannesburg · Closing Date: 7 May 2024 · Talent Acquisition: Saranya Govender · Job Family · Investment BankingCareer Stream · QuantitativeLeadership Pipeline · Manage Self: ProfessionalJob Purpose · T ...
-
Market Risk Quantitative Analyst
Found in: Talent ZA C2 - 1 day ago
EY Johannesburg, South AfricaThe opportunity · We are looking to expand our Quantitative Advisory Services (QAS) team by recruiting suitably qualified and experienced individuals. QAS focusses on providing credit risk, market risk and data science solutions to banking, insurance and other corporate clients. ...
-
Quantitative Investment Analyst
Found in: Talent ZA C2 - 4 days ago
Hollard Recruitment Sandton, South AfricaThe Quantitative Investment Analyst will play a key role in evolving our quantitative capability. They will be responsible for applying relevant techniques to enhance various aspects of Hollard Investments' Investment Process, including database management, performance attributio ...
-
Quantitative Business Analyst – Sandton – up to R1.7m per annum
Found in: Executive Placements ZA C2 - 5 days ago
E-Merge Johannesburg, South AfricaA driven investment and trading environment that prides itself on pushing the innovation envelope in the banking industry is looking for a Quantitative Business Analyst to join their high energy team. · If you are big on sharing knowledge and ideas, this is for you Join a team th ...
-
Quantitative Data Scientist – Johannesburg – up to R700 per hour
Found in: Talent ZA 2A C2 - 5 days ago
E-Merge Johannesburg, South AfricaA high-tech software business, providing strategic advice and project leadership solutions with a deep business acumen on commercial, technology and digital transformation strategies and widespread clients in both large corporations listed in the JSE, non-listed clients in both t ...
-
Quantitative Data Scientist – Johannesburg – up to R700 per hour
Found in: Talent ZA 2A C2 - 5 days ago
E-Merge Johannesburg, South AfricaA forward-thinking technology company dedicated to solving complex business challenges for its clients is seeking a Quantitative Data Scientist to join their team. Leveraging advanced data analytics, actuarial services, software development, and automation, this dynamic firm serv ...
-
AWS Data Engineer
Found in: Executive Placements ZA C2 - 5 days ago
E-Merge Johannesburg, South AfricaAn information technology and business consulting company that provides highly specialised solutions to large and small enterprises in both the private and public sectors seeks a highly motivated and experienced AWS Data Engineer to join their Global Markets division. In this rol ...
-
Senior Data Engineer
Found in: Talent ZA 2A C2 - 6 days ago
The Individual Touch Johannesburg, South AfricaYou will take responsibility for managing our master data set, developing reports, and troubleshooting data issues. To do well in this role you need a very fine eye for detail, experience as a data analyst, and deep understanding of the popular data analysis tools and databases: ...
-
Revenue Analyst
Found in: Talent ZA C2 - 11 hours ago
MORE Family Collection Johannesburg, South Africa Full timeThe revenue analyst is responsible for tracking and forecasting revenue over time, comparing this analysis to competitors, and reporting these trends to management to guide them in making informed decisions about pricing and other sales strategies. · KEY DELIVERABLES · Historical ...
-
Change Enablement Analyst
Found in: beBee S2 ZA - 5 days ago
Nedbank Johannesburg, South AfricaLeadership Pipeline · Manage Self: ProfessionalJob Purpose · The change enablement analyst helps with the preparation and execution of initiatives that involve organisational change. The analyst collaborates with the Head of Change Enablement, project managers, and senior leaders ...
-
Senior Manager, Pan-Africa Infrastructure Advisory
Found in: Talent ZA C2 - 2 days ago
KPMG-SouthAfrica Johannesburg, South AfricaPurpose · Demand for infrastructure is rising with the accelerating pace of globalisation and urbanisation. The infrastructure gap in Africa constrains economic growth and leaves the most vulnerable without access to basic services. KPMG's vision for the sector is an African cont ...
-
AWS Data Engineer/JHB
Found in: Talent ZA 2A C2 - 5 days ago
Rooftop Recruitment Johannesburg, South AfricaAWS Data Engineer/JHB · Contract Type: 12 months · Our client is seeking a highly motivated and experienced AWS Data Engineer to join their Global · Markets division. The role is responsible for closely working the traders, quantitative analysts, and · Data Scientists to design, ...
Quantitative Analyst - Johannesburg, South Africa - Nedbank
Description
Requisition Details & Talent Acquisition Contact
REQ Tshego Semenya
Location: Johannesburg
Closing date: 17 April 2024
Cluster
Group Risk
Career Stream
QuantitativeLeadership Pipeline
Manage Self: ProfessionalPosition
Quantitative Analyst
Job Purpose
The validation of the models used for the calculation regulatory and economic capital as well as credit impairments and the rating processes. This is to contribute to the goal of best practice models in line with regulations and accounting standards (where applicable) in order to facilitate world class risk management.
Job Responsibilities
The role provides in-depth exposure to the bank's credit risk measurement models used for the calculation of regulatory and economic capital, as well as credit impairments. Your work will be focused on Retail credit models and you will be required to interact with senior modellers on a regular basis. The role offers high visibility as analyses and reports will be tabled at board level committees, the South African Reserve Bank (SARB) and the bank's internal and external auditors.
The validation function assures the Board, the external auditors of the bank and SARB of the high standard and regulatory compliance of the credit risk models, the rating processes and IFRS 9 impairment models. You will be required to provide constructive challenge to business and recommend improvements to models as a subject matter technical expert.
The ideal candidate will blend excellent communication, report writing, project management and general credit knowledge with solid technical expertise. Developing challenger models, assisting Nedbank to optimise the number of credit models, and developing your business knowledge will take the team to the next level.
Your analyses and reports are presented at Nedbank Group Board committees, the SARB and the bank's internal and external auditors offering high visibility across the organisation. The divisional culture emphasises development, especially of leadership and behavioural skills, as well as embracing psychological safety. The team will focus on automation, machine learning and expansion into new areas such as credit risk loss forecasting, credit stress testing and anti-money laundering during the medium term. This provides opportunities for development and establishing an organisation wide reputation for the ambitious candidate.
Deliverables
Minimum Experience Level
Essential Qualifications - NQF Level
Preferred Qualification
Technical / Professional Knowledge
Disclaimer
Preference will be given to candidates from the underrepresented groups
Please contact the Nedbank Recruiting Team at
Please contact the Nedbank Recruiting Team at