Quantitative Analyst

2 months ago

Johannesburg, Gauteng, South Africa Nedbank Full time
Requisition Details & Talent Acquisition Consultant

REQ 131745 - Tshego Semenya



Location:

Johannesburg



Cluster:

Group Risk



Career Stream:

Quantitative



Leadership Pipeline:

Manage Self: Professional



Job Purpose:
  • The validation of models for regulatory and economic capital calculations, credit impairments, and rating processes to ensure best practice models in alignment with regulations and accounting standards, contributing to top-notch risk management.
  • Focusing on Wholesale credit models, collaborating with senior modellers, and exploring automation, machine learning, and new areas like credit risk loss forecasting and anti-money laundering.


Job Responsibilities:

Providing exposure to credit risk measurement models, interacting with senior modellers, analyzing and reporting at board level committees, SARB, and internal/external auditors. Ensuring high standard and regulatory compliance of credit risk models, offering constructive business challenge, and suggesting improvements as a technical expert.

Emphasizing communication, project management, technical expertise, and promoting development. Presenting analyses to various committees and stakeholders, focusing on automation, machine learning, and expanding into new areas for future growth opportunities.



Deliverables:
  • Validation of credit risk models and processes
  • Subject matter expert assistance
  • Enhancements to existing models
  • Continuous learning of regulatory requirements and modeling techniques
  • Liaising with stakeholders for optimization
  • Change facilitation and organizational learning
  • Documentation of validations and ad-hoc tasks support


Essential Qualifications - NQF Level:
  • Advanced Diplomas/National 1st Degrees


Preferred Qualification:
  • Postgraduate degree in related quantitative discipline (Statistics/Mathematics/Econometrics/Finance/Actuarial Science) is preferred


Minimum Experience Level:
  • 1-2 years in Wholesale risk modeling, validation, or credit management environment, with exposure to AIRB or IFRS 9 modeling


Type of Exposure:
  • Analysing data for evaluation
  • Minimizing risks
  • Influencing stakeholders
  • Information sharing
  • Executing strategy and problem-solving
  • Interacting with diverse groups
  • Building effective relationships
  • Interpreting quantitative and qualitative data


Technical Competencies:
  • Knowledge of legislative requirements for credit capital models
  • Statistical or mathematical modeling skills
  • Understanding of credit modeling and rating processes
  • Proficiency in MS Office, Excel, SAS, and VBA


Professional Knowledge:
  • Business Acumen
  • Industry trends awareness
  • Project management principles
  • Regulatory and risk management knowledge
  • Business writing skills
  • Quantitative Skills


Disclaimer:

Preference given to candidates from underrepresented groups. For more information, please reach out to the Nedbank Recruiting Team.

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