Quantitative Risk Analyst

1 month ago

Johannesburg, Gauteng, South Africa Old Mutual Life Assurance Company (Malawi) Limited Full time
Let's Write Africa's Story Together

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Role overview

The Group Treasury team is a key part of the Group Balance Sheet Management function overseeing ALM, liquidity and funding risk management. This is a dynamic team, with a strong focus on technical fluency and disciplined stakeholder engagement.

This role reports to the Head of Guaranteed Product Management (Group Treasury) and presents an opportunity for an analyst to gain exposure and experience that intersects liquidity risk management, funding management, quantitative finance, actuarial and ALM disciplines.

In this role the analyst will form part of a team that manages liquidity and funding risks within the life company's Guaranteed Product book. This includes the pricing of funding and maintenance of the Group's FTP model and framework, continual development of liquidity stress tests and models, maintenance and development of P&L attributions and risk reports.

The successful applicant will need to have strong technical and analytical skills, be able to work on multiple complex projects involving stakeholders from across the organization and be able to articulate and present technical content to key stakeholders, including the Group ALCO.

The Group Treasury team is a key part of the Group Balance Sheet Management function overseeing ALM, liquidity and funding risk management. This is a dynamic team, with a strong focus on technical fluency and disciplined stakeholder engagement.

This role reports to the Head of Guaranteed Product Management (Group Treasury) and presents an opportunity for an analyst to gain exposure and experience that intersects liquidity risk management, funding management, quantitative finance, actuarial and ALM disciplines.

In this role the analyst will form part of a team that manages liquidity and funding risks within the life company's Guaranteed Product book. This includes the pricing of funding and maintenance of the Group's FTP model and framework, continual development of liquidity stress tests and models, maintenance and development of P&L attributions and risk reports.

The successful applicant will need to have strong technical and analytical skills, be able to work on multiple complex projects involving stakeholders from across the organization and be able to articulate and present technical content to key stakeholders, including the Group ALCO.

Key Result Areas
  • Liquidity risk management
    • Develop, maintain, and run liquidity risk models and reports.
    • Investigate drivers of liquidity risk to develop and propose strategies to best mitigate liquidity risk.
    • Investigate and continuously improve methods to measure liquidity risk related to a variety of instruments.
    • Remain up to date on key industry developments and adapt liquidity reporting and strategy accordingly.
  • Funding management
    • Develop analytical tools and processes to identify, quantify and monitor funding risks.
    • Maintain the Group's Funds Transfer Pricing model and framework.
    • Develop appropriate strategies and structures for deployment of funding across the Group and support the pricing and execution thereof.
    • Provide analytical insights to support the development and maintenance of the Group's funding plan.
  • Performance Attribution
    • Maintain and continually develop performance reporting and attribution processes of the underlying treasury portfolios.
    • Work with finance teams to ensure performance is reflecting correctly in IFRS accounts.
    • Work closely with the ALM team to identify hedging P&L anomalies and remedial actions.
    • Ensure funding costs are allocated appropriately.
    • Provide analytical insights to support cost allocation and pricing decisions.
  • Product management and development
    • Support pricing of products with links to funding supply and demand.
    • Support the development and structuring of new guaranteed products when required.
    • Ensure day to day operations of guaranteed products are executed timeously.
  • Collaborate with internal ALM, Quantitative Analytics and Financial Software Engineering teams to maintain risk models and reporting processes in a production environment.
Qualifications, Skills and Required Experience
  • Essential: Relevant post-graduate degree (e.g., Finance, Financial Engineering, Quantitative Analytics, Actuarial)
    • Additional professional qualification (e.g., SAICA, FASSA, CFA) an advantage
  • 3+ years' balance sheet management and/or treasury experience within an insurance or banking entity with a specific focus on liquidity risk management, funding management and other Group Treasury activities
  • Ability to work with light-touch supervision on projects or tasks
  • Strong communication skills including an ability to explain complex concepts and key issues effectively with the broader team
  • Capacity to take accountability for complex and potentially ambiguous pieces of work
  • Able to run and manage projects with durations varying between 3 to 6 months with a focus on remaining accountable until delivery of results
  • Dynamically respond to work requirements and changing situations
  • Pragmatic, and solution-focused; able to make trade-offs balancing between deliveries, and risks/costs
  • Must possess a wide range of skills and knowledge, including an actuarial background, quantitative finance, regulations and commercial acumen
  • Communicate with various role-players to obtain the appropriate level of input, buy-in, and approvals for delivery
  • Advanced Excel skills essential. Ability to build/optimise financial models using a combination of C#, Python, VBA or similar an advantage
  • Track-record of being able to work efficiently with seniors and subordinates, teams in and out of the organization, and consultants to ensure delivery
Skills

Education

Bachelor of Science (BSc)

Closing Date

11 August 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

The Old Mutual Story

  • Quantitative Credit Risk Analyst

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job DescriptionWe are seeking a highly skilled Quantitative Credit Risk Analyst to lead the development and maintenance of critical tools and infrastructure that aggregate credit risk exposures across the organization. From economic capital modeling to earnings at risk, you will play a pivotal role in setting the risk appetite and optimizing credit models...

  • Quantitative Analyst

    4 days ago

    Johannesburg, Gauteng, South Africa Starbucks South Africa Full time

    About the Quantitative Analyst Position We are seeking a talented Quantitative Analyst who will assist in evaluating extensive datasets to uncover insights and enhance our operational efficiency. You will develop analytical tools to derive significant business intelligence, assess trends, and support informed decision-making. The ideal candidate will possess...

  • Quantitative Analyst

    2 days ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job SummaryNedbank is seeking a highly skilled Quantitative Analyst to join our team in Johannesburg. As a Quantitative Analyst, you will be responsible for validating credit risk models and processes to ensure regulatory compliance and best practice.Key ResponsibilitiesValidate credit risk models and processes to ensure accuracy and compliance with...

  • Quantitative Analyst

    2 months ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Consultant REQ Thembi Mtshali Location: Johannesburg Closing date: 8 August 2024 Job Family Investment BankingCareer Stream QuantitativeLeadership Pipeline Manage Self: ProfessionalFAIS Affected Job Purpose Advanced Analytics and Innovation has been established to serve as the Advanced Analytics Centre of Excellence...

  • Quantitative Risk Management Specialist

    4 days ago

    Johannesburg, Gauteng, South Africa Kamo Placements Full time

    Job DescriptionKamo Placements is seeking a highly skilled Quantitative Risk Management Specialist to join our team. As a key member of our organization, you will be responsible for developing and implementing quantitative risk management capacity within the department.Key ResponsibilitiesDevelop and Implement Quantitative Risk Models: Design and implement...

  • Quantitative Analyst

    2 months ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Consultant REQ Thembi MtshaliLocation: JohannesburgClosing date: 8 August 2024Job FamilyInvestment BankingCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeAdvanced Analytics and Innovation has been established to serve as the Advanced Analytics Centre of Excellence (COE)...

  • Senior Quantitative Risk Manager

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    About the RoleWe are seeking a highly skilled Senior Quantitative Risk Manager to join our Credit Risk and Capital Management team at Network Recruitment. As a key member of our team, you will be responsible for developing and reviewing statistical models that quantify financial risks.Key ResponsibilitiesModel Development and Review: Develop and review...

  • Quantitative Analyst

    2 months ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Consultant REQ Thembi MtshaliLocation: JohannesburgClosing date: 8 August 2024Job FamilyInvestment BankingCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeAdvanced Analytics and Innovation has been established to serve as the Advanced Analytics Centre of Excellence (COE)...

  • Quantitative Finance Specialist

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    About the RoleWe are seeking a highly skilled Quantitative Analyst to join our team at Network Recruitment. As a leading recruitment agency, we specialize in connecting top talent with exciting career opportunities.Key ResponsibilitiesDevelop and Implement Quantitative Models: Design, build, and maintain complex mathematical models to analyze and manage...

  • Quantitative Investment Strategist

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    About the RoleWe are seeking a highly skilled Quantitative Analyst to join our team at Network Recruitment. As a key member of our investment team, you will be responsible for developing and implementing advanced quantitative models to inform our investment strategies.Key ResponsibilitiesDevelop and implement advanced quantitative models to inform investment...

  • Quantitative Analyst

    1 month ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition ConsultantREQ Tshego SemenyaLocation: JohannesburgClusterGroup RiskCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalJob PurposeThe 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...

  • Quantitative Investment Analyst

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Description**About the Role**We are seeking a highly skilled Quantitative Investment Analyst to join our team at Network Recruitment. As a key member of our team, you will be responsible for analyzing and interpreting complex financial data to inform investment decisions.Key ResponsibilitiesData Analysis: Conduct in-depth analysis of financial data to...

  • Quantitative Analyst

    2 months ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Consultant REQ Thembi MtshaliLocation: JohannesburgClosing Date: Job FamilyInvestment BankingCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeThe incumbent of the role is to assist driving best practice Model Risk Management (MRM) across the Group in order to facilitate...

  • Quantitative Analyst

    4 weeks ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    Job DescriptionHello Future Quantitative AnalystWelcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our talented team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the...

  • Senior Quantitative Analyst

    4 weeks ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Consultant REQ Thembi MtshaliLocation: JohannesburgClosing date 30 August 2024Job FamilyInvestment BankingCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeTo contribute to the development and maintenance of best practice models and assessment strategies in line with...

  • Quantitative Analyst

    2 months ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Requisition Details & Talent Acquisition Consultant REQ Thembi MtshaliLocation: JohannesburgClosing Date: Job FamilyInvestment BankingCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeThe incumbent of the role is to assist driving best practice Model Risk Management (MRM) across the Group in order to facilitate...

  • Senior Quantitative Analyst

    2 days ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job Requisition DetailsREQ#135993Job FamilyInvestment BankingCareer StreamQuantitativeLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeTo develop and maintain best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world-class risk management and/or attainment of strategic...

  • Junior Credit Risk Analyst

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Title: Junior Credit Risk AnalystJob Summary:We are seeking a highly motivated and detail-oriented Junior Credit Risk Analyst to join our team at Network Recruitment. As a Junior Credit Risk Analyst, you will play a critical role in advising on credit risk, developing controls, and performing credit analyses.Key Responsibilities:Deliver Credit Risk...

  • Quantitative Analyst

    2 months ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job Requisition DetailsRequisition number: 134932Closing Date: 12 August 2024Talent Acquisition: Precious Motlhako Cluster and Location Retail and Business Banking Johannesburg, SandtonHybrid Career StreamQuantitativeLeadership PipelineManage Self: ProfessionalJob PurposeTo contribute to the development and maintenance of best practice capital and impairment...

  • Market Risk Analyst

    3 days ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job SummaryWe are seeking a highly skilled Market Risk Specialist to join our team at Network Recruitment. As a key member of our organization, you will play a pivotal role in our risk management strategy.Key ResponsibilitiesCounter-Party Credit Risk Analysis: Conduct thorough assessments of counter-party credit risk exposure, evaluating the creditworthiness...