Alm Model Development Lead

3 months ago


Johannesburg, South Africa FirstRand Full time

Job Description

To plan, build, optimise and implement innovative quantitative analytical methodologies, procedures, products and advanced
mathematical models that provide analytical support and interpret insights, using advanced analytics technologies, to address business opportunities and problems and implement business strategy.

Hello future ALM Model Development Lead

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you

Role Purpose

The ALM Model Development Lead role, is a senior position within the ALM risk team, in Group

Treasury (GTSY). The responsibilities incorporate both model development and model risk management
- Specification of parameters and testing of outputs for ALM foundational and core models, such as cash flow generation models, and cash flows discounting models for instruments in the FirstRand balance sheet for banking and non-banking entities.
- Development, implementation, maintenance, and recalibration of Non-Maturity Deposit (NMD) models. Including models to assess, the extent of interest rate passthrough, and the stability over time of transactional accounts, savings deposits, and call accounts.
- Development, implementation, maintenance, and recalibration of behavioural models to assess the liquidity and interest rate characteristics of on
- and off-balance sheet items and flows for FirstRand banking and non-banking entities.
- Ensuring that models are accepted by business owners and approved by appropriate technical committees.
- Maintaining models, and planning and performing regular model updates that capture evolving business complexity.
- Challenging current models to ensure relevance and accuracy.
- Explaining model dynamics and outputs at senior risk and business committees such as ALCCO and FRM.
- Providing technical specification, guidance, or recommendations for ALM risk related models/processes/platforms.
- Assessment of emerging ALM risks that require modelling.
- Sourcing and preparing relevant data sources for analysis.
- Adhere to model building policies, standards, frameworks, and governance process.
- Ensure ethical usage of information that complies to restrictions applied for privacy and sensitivity classification.
- Maintain expert knowledge on relevant regulations, industry best practices and internal procedures and requirements.
- Review and assist more junior quantitative analysts with processes and models.
- Participate and contribute to a model development culture where information regarding successes, issues, trends and ideas are actively shared.
- Build and sustain collaborative working relationships with relevant peers and stakeholders.
- Acting as the custodian and key point of contact for the GTSY Technical Committee.
- Coordination of model risk management across GTSY, including fostering the culture of model governance in GTSY, and ensuring that relevant model owners appropriately maintain models, through the model lifecycle, and according to the assessed model risk requirements.
- Providing advice on the GTSY SAS MRM platform.

Job Details

20/10/24


  • Alm Risk Analyst

    2 weeks ago


    Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: - There is no about us detail available.**purpose**: - To assist the team in overseeing ALM risk management to ensure all ALM risks are identified, measured, and reported accurately and timeously**experience and qualifications**: - Experience - Newly graduated or 1 to 3 years experience -...


  • Johannesburg, South Africa Nedbank Full time

    Job Family- Investment Banking - Career Stream- Market Risk - Leadership Pipeline- Manage Self: Professional **Job Purpose** - To provide high quality risk analysis and reporting in an efficient and effective way while ensuring that Balance Sheet Management (BSM) risk taking is within the ALCO & Board approved risk appetite, in line with the business...

  • Alm Specialist

    16 hours ago


    Johannesburg North, South Africa Communicate Recruitment Full time

    One of the top rated Insurance companies in South Africa is looking for Lead ALM Specialist! **Job & Company Description**: This company offers extensive, market-leading ranges of products and services to help clients build and protect their wealth and lifestyle. The job entails the provisional of specialist advice and support in enabling effective...

  • Alm Risk Head

    16 hours ago


    Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: **purpose**: - Develop and implement strategies for the effective and efficient management of interest rate, inflation, credit, liquidity and other ALM risks taken on by the non-banking entities in the FirstRand Group incl. Insurance entities - Build and operate the reporting processes within...


  • Johannesburg, South Africa Dimension Data Full time

    **Summary **Requirements - Estimates to high level business requirements and provide options analysis and effort required - Demonstrates knowledge of ALM concepts and methodologies including ITIL, Change Control Management, Testing concepts, BPMN and release strategies - Documents, maintains and enhances ALM functionality for productive use at clients -...


  • Johannesburg North, South Africa Communicate Recruitment Full time

    My client, a leading Insurance company, is seeking a skilled Lead Specialist in Asset Liability Management (ALM) to join their team. **Job & Company Description**: In this position, as a senior member of the ALM team, your main responsibility is to oversee a portfolio of exposures in the ALM function and provide expert guidance and support in your...

  • Senior Manager: Risk

    2 weeks ago


    Johannesburg, South Africa Ratio Recruitment Full time

    **Risk: Senior Manager** **Job Purpose**: The risk senior manager will lead and support the continuing development of the banks ALM function, develop risk models (excel) and support the annual planning process. Work collaboratively with departments such as Treasury and Accounting. Deliver high-standard work and be comfortable with...

  • Eim Data Modeller

    7 days ago


    Johannesburg, South Africa eSoft Development and Technologies Full time

    Design, implement and document data modelling solutions which include but not limited to the use of relational, dimensional and NoSQL databases - Develop and maintain conceptual, logical and physical data models as required by the business units and their various programmes - Identify and adopt an enterprise data model as a standard for data model designs to...


  • Johannesburg, Gauteng, South Africa E-Merge Full time

    Predictive Model Developer Job OpportunityE-Merge is looking for a skilled Predictive Model Developer to join their team in Johannesburg. As a key contributor, you will be responsible for developing and applying predictive models across the entire credit life cycle.Key Responsibilities:Understand and interpret business requirements.Play a leading role in the...

  • Risk Model Developer

    3 weeks ago


    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Credit Risk Model DeveloperSummary: We are seeking an experienced credit risk model developer to join our team at Network Recruitment. As a key member of our risk management team, you will be responsible for developing and maintaining credit risk models that support business decisions.About the Role:This is an exciting opportunity to drive innovative credit...


  • Johannesburg, Gauteng, South Africa Top Talent Professional Services Full time

    Job Title: Data Science and Modeling LeadAbout Us: Top Talent Professional Services is a leading consulting firm specializing in data-driven solutions for the telecommunications industry.Description: We are seeking an experienced Data Science and Modeling Lead to join our team. As a key member of our credit analytics department, you will be responsible for...

  • Data Model Developer

    3 weeks ago


    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Title: Data Model DeveloperEstimated Salary: $120,000 - $180,000 per yearAbout Network Recruitment:We are a leading recruitment agency specializing in data science and machine learning roles. Our expertise lies in matching top talent with innovative companies.Job Description:As a Data Model Developer, you will play a crucial role in building and...


  • Johannesburg, South Africa Absa Bank Limited Full time

    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 Data...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Data Science Leadership OpportunityWe are looking for a skilled Data Science Manager to lead our team of analysts in developing and implementing advanced financial models. This role requires strong leadership skills, with a focus on guiding teams and presenting insights to stakeholders.Key Responsibilities:Develop and maintain credit risk frameworks to...


  • Johannesburg, South Africa FirstRand Full time

    Job Description Lead the Credit Risk Independent Validation function within Group Model Risk Management and shape this function to appropriately support the Group’s Model Risk Management Strategy. Drive enhancements to modelling across the group, through oversight and ownership of the independent validation function, model governance processes,...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    We are seeking a highly skilled Risk Model Developer to join our team at Network Recruitment. With a focus on developing and refining credit risk scorecards, you will play a critical role in shaping financial decisions.About the RoleThis is a challenging opportunity for an experienced Quantitative Analyst to lead the development of credit risk scorecards...


  • 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 To...


  • Johannesburg, South Africa Absa Bank Limited Full time

    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 To...


  • Johannesburg, South Africa FirstRand Full time

    Job Description To drive the implementation of relevant asset and liability management practices, processes, and governing principles. Hello future Head of ALM Operations! FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s...


  • Johannesburg, South Africa FirstRand Full time

    Job Description To drive the implementation of relevant asset and liability management practices, processes, and governing principles. Hello future Head of ALM Risk Reporting! FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share...