Manager - Model Development - Johannesburg, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Bring your possibility to life Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The manager for Model Development will be a manager in the Enterprise Risk Measurement function that analyse, understand, interprets, enhance, develop and document model methodologies related to Economic Capital and Stress testing (forecasting models).

The analyst will enhance and recalibrate the models across the group in close interaction with the business.

Job Description:

The main areas of Model development will entail:

Develop models in-house by ensuring model build data are of sufficient quality, completing statistical data analysis and producing detailed model build documentation while conforming to the governance structures
Ensure successful implementation of models by assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and helping out with testing (comparing implementation results with prototype results) to ensure the model is implemented correctly
Provide directional expertise to enhance model building skills within the team, ensuring increased capacity to build models, by transferring knowledge and experience gained
Ensure model compliance with Absa Group governance standards by following and adhering to standards

Stakeholder management would be required, that mainly includes:

Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
Contribute to the development of a highperformance culture.

Education

Bachelor's Degree:

Actuarial Science, Bachelor's Degree:

Applied Mathematics, Bachelor's Degree:
BMI - Business Management and Informatics, Bachelor's Degree:
Statistics