Alm Model Development Lead

2 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 Model Development Lead

    1 week ago

    Johannesburg, South Africa FirstRand Corporate Centre Full time

    Job title : ALM Model Development LeadJob Location : Gauteng, JohannesburgDeadline : December 04, 2024Quick Recommended Links Jobs by Location Job by industries Job Description To plan, build, optimise and implement innovative quantitative analytical methodologies, procedures, products and advanced mathematical models that provide analytical support and...

  • SAP Senior Alm Enterprise Applications Consultant

    6 months ago

    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 -...

  • Model Risk Validations Lead

    2 weeks ago

    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,...

  • Model Risk Validations Lead

    2 weeks ago

    Johannesburg, South Africa FNB Namibia Full time

    Model Risk Validations Lead page is loaded Model Risk Validations Lead Apply locations Johannesburg Time type: Full time Posted on: Posted Yesterday Time left to apply: End Date: December 5, 2024 (7 days left to apply) Job requisition id: R25709 Job Description Lead the Credit Risk Independent Validation function within Group Model Risk Management and...

  • Model Risk Validations Lead

    2 weeks ago

    Johannesburg, South Africa Spane4all Full time

    Model Risk Validations Lead page is loaded Model Risk Validations Lead Apply locations Johannesburg time type Full time posted on Posted 2 Days Ago time left to apply End Date: December 5, 2024 (5 days left to apply) job requisition id R25709 Job Description Lead the Credit Risk Independent Validation function within Group Model Risk Management and shape...

  • Model Risk Validations Lead

    1 week ago

    Johannesburg, South Africa FirstRand Corporate Centre Full time

    Job title : Model Risk Validations LeadJob Location : Gauteng, JohannesburgDeadline : December 27, 2024Quick Recommended Links Jobs by Location Job by industries Role Purpose 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....

  • Model Risk Validations Lead

    5 days ago

    Johannesburg, South Africa FirstRand Corporate Centre Full time

    Job title : Model Risk Validations Lead Job Location : Gauteng, Johannesburg Deadline : December 27, 2024 Quick Recommended Links Jobs by Location Job by industries Role Purpose Lead the Credit Risk Independent Validation function within Group Model Risk Management and shape this function to appropriately support the Group’s Model Risk...

  • Model Development Analyst

    6 months ago

    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...

  • Lead Data Scientist for Advanced Modelling

    1 week ago

    Johannesburg, Gauteng, South Africa Goldman Tech Resourcing Full time

    Job SummaryWe are seeking a highly skilled Lead Data Scientist for Advanced Modelling to join our team at Goldman Tech Resourcing in Johannesburg.About the RoleThis is an exciting opportunity to lead advanced modelling efforts and drive business strategies using data-driven insights. As a Lead Data Scientist, you will be responsible for developing and...

  • Analyst Model Development

    6 months ago

    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...

  • Analyst Model Development

    5 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 To...

  • Lead Data Scientist and Modelling Expert

    2 weeks ago

    Johannesburg, Gauteng, South Africa Goldman Tech Resourcing Full time

    We are currently seeking a highly skilled Lead Data Scientist and Modelling Expert to join our team at Goldman Tech Resourcing. This is an exceptional opportunity for an experienced professional to take on a leadership role and utilise their expertise in data analysis and modelling to drive business growth.About the RoleThe successful candidate will be...

  • Financial Risk Model Lead

    1 week ago

    Johannesburg South, South Africa Network Recruitment Full time

    Network Recruitment is seeking a highly skilled Financial Risk Model Lead to join our team in South Africa. The estimated salary for this role is R1,200,000 per annum.About the RoleThis exciting opportunity involves leading the implementation of economic capital and earnings at risk models to deliver a comprehensive view of credit risk exposures. You will be...

  • Lead Model Risk Validation Specialist

    5 days ago

    Johannesburg, Gauteng, South Africa FirstRand Corporate Centre Full time

    About the RoleWe are seeking an experienced Lead Model Risk Validation Specialist to join our team at FirstRand Corporate Centre in Johannesburg, Gauteng.Job SummaryThe successful candidate will lead the Credit Risk Independent Validation function within Group Model Risk Management, shaping this function to support the Group's Model Risk Management Strategy....

  • Head of Alm Risk Operations

    2 months ago

    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...

  • Head of Alm Risk Reporting

    3 months ago

    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...

  • Analyst Model Development

    6 months ago

    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...

  • Eb Manager Model Development: Transactional

    6 months ago

    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 Join a...

  • Quantitative Risk Model Developer

    1 month ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Title: Quantitative AnalystKey Responsibilities:Model DevelopmentBuild and review credit risk models (IFRS9, scorecards, etc.) for provisioning and regulatory capital.Coding & AutomationUse Python, R, and SAS to code and automate financial risk management models.MentorshipCoach and train junior team members, fostering a collaborative and coaching...

  • Capital Model Development Specialist

    1 month ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Description for Senior Analyst: Capital and Impairment Model DevelopmentNetwork Recruitment is seeking a skilled Senior Analyst to join their Credit Risk Modeling Team. As a key member of this team, you will be responsible for designing, building, and maintaining sophisticated models that support capital allocation and impairment assessments.Key...