Senior Quantitative Analyst

4 months ago


Johannesburg, South Africa Nedbank Full time

**Job Requisition Details**

REQ: 135248

Closing Date: 06 September 2024

Talent Acquisition: Precious Motlhako
- Cluster and LocationRetail and Business Banking

Johannesburg, Sandton

Hybrid
- Career Stream- Quantitative

**Job Purpose**

To develop and maintain best practice capital and impairment models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management and/or attainment of strategic objectives.

**Responsibilities**:

- Build, maintain and validate best practice capital and impairment models.
- Formally present and manage the approval of models through the governance structure.
- Manage client expectations by liaising with stakeholders through the model build process as well as the systems and strategy development process.
- Ensure continuity and record keeping through formal sign-off at forums and by creating documentation.
- Ensure data accuracy through data and front-end analysis; pre and post testing of system/strategy changes.
- Take corrective action where risk is identified in any processes; models or reporting; through analysis and formal communication.
- Increase efficiencies through programming and automating processes.
- Challenge model builds from around the cluster through peer review participation and ensuring best practice.
- Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
- Build and formally present reports by monitoring business performance within the set risk appetite and through analysis.
- Report to; monitor and advise operational areas to manage trends through analysis for ad-hoc requirements.
- Enhance business efficiencies and ensure compliance through formal communications and interacting with external bodies.
- Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).

**Job Responsibilities Continue**
- Research and make recommendations for corporate citizenship initiatives in area of influence.
- Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
- Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
- Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
- Ensure business process consistency through formal communication, updating and maintaining policies.
- Ensure accuracy and feasibility through impact analysis for newly developed products.
- Review reporting and ensure accuracy through analysis and providing feedback. Providing advice to key operational areas ensuring optimal resource allocation and desired results through analysis and communication.
- Manage access, change control, and ensure compliance by creating change logs and restricting/providing access.
- Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
- Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers
- Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced, and certifications obtained and/or maintained within specified time frames.
- Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction.
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Matric / Grade 12 / National Senior Certificate
- Preferred Qualification- 3-year qualification in a Mathematical related BSc, Engineering, CFA, FRM, CQF
- Minimum Experience Level- 3-6 years relevant experience in an analytical environment
- Preferred experience in understanding Basel Capital and IFRS 9 Impairments
- Preferred experience in modelling

**Technical / Professional Knowledge**
- Industry trends
- Microsoft Office
- Principles of project management
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Risk management process and frameworks
- Business writing skills
- Microsoft Excel
- Business Acumen
- Quantitative Skills
- Behavioural Competencies- Applied Learning
- Coaching
- Communication
- Collaborating
- Decision Making
- Continuous Improvement
- Quality Orientation
- Technical/Professional Knowledge and Skills
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_



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