Specialist: Quantitative Analyst

2 months ago

Johannesburg, South Africa Absa Bank Limited Full time

Empowering Africa’s tomorrow, together one story at a time.
- 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

Job Description

Key Responsibilities:
Model Design and Development:

- Design and implement quantitative models for credit risk as well as models for pricing and profitability analysis.
- Utilize statistical methods and machine learning techniques to enhance model performance.

Data Analysis:

- Conduct in-depth analysis of large datasets to extract insights and inform model development
- Clean, preprocess, and transform data to ensure accuracy and relevance.

Reporting and Visualization:

- Create visually engaging reports and dashboards to communicate performance results.
- Present findings and recommendations to management and other stakeholders.

Model Validation and Testing:

- Perform rigorous back testing and validation of models to assess their accuracy and reliability.
- Document validation results and provide recommendations for model enhancements.

Collaboration and Communication:

- Work closely with cross-functional teams, including risk management, business and IT, to ensure model alignment with business objectives.
- Present model findings and insights to stakeholders, translating complex concepts into actionable recommendations.

Research and Development:

- Stay current with industry trends, academic research, and advancements in quantitative modeling techniques.
- Contribute to the development of best practices and standards in model development.

Regulatory Compliance:

- Ensure that all models comply with relevant regulatory requirements and internal validation policies.
- Assist in the preparation of documentation for model governance and audits.

Continuous Improvement:

- Monitor scorecard effectiveness and make recommendations for enhancements.
- Stay current with industry best practices and emerging trends in performance measurement.

Documentation:

- Maintain comprehensive documentation of scorecard development processes and methodologies.
- Ensure that all documentation is accessible and up to date.

Qualifications:

- Bachelor’s degree in Statistics, Mathematics, Actuarial Science or a related field; Master’s degree preferred.
- Proven experience in quantitative modeling, financial analysis, or related fields.
- Strong programming skills in languages such as SAS, Python and SQL.
- Proven experience in data analysis
- Strong analytical skills and attention to detail.
- Excellent communication and presentation skills.
- Ability to work independently and collaboratively in a fast-paced environment.

Preferred Skills:

- Experience with machine learning algorithms and statistical modeling techniques.
- Excellent problem-solving skills and ability to work under pressure.
- Knowledge of banking regulations and risk management frameworks.
- Strong analytical skills and attention to detail, with the ability to work in a fast-paced environment.

Education

Bachelor's Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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