Quantitative Analyst: Retail Model Validation
4 days ago
**Requisition Details & Talent Acquisition Contact**
- REQ 120529- Tshego Smeneya**Career Stream**
- Quantitative
**Leadership Pipeline**
- Manage Self: Professional
**Position**
- Quantitative Analyst: Retail Model Validation**Job Purpose**
- The 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 goal of best practice models in line with regulations and accounting standards (where applicable) in order to facilitate world class risk management.**Responsibilities**:
- Subject matter expert - Provide input/assistance in the build and refinement of credit risk models within the business clusters.
- Enhancements to existing models - Independent development of models to assess potential for improvement on existing ones.
- Liaising with the stakeholders - Liaising with the business, credit, and senior modellers to ensure that the validation process and feedback are optimised. Preparing and presenting reports to senior management.
- Change facilitation - Facilitate improvement in credit risk models and processes.
- Organisational learning - Knowledge sharing, research and mentoring of junior staff members and graduates, including skill transfer.
- Documentation - Document work performed and findings of validations. Prepare balanced and objective written communications to various stakeholders, including SARB, the external auditors of the bank and the Board.
- Ad-hoc - Assisting management with various ad‐hoc tasks, reports, specific deep dives, SARB communication and analysis.
- Minimum Experience Level- Experience in Retail risk modelling, validation or credit management environment - with a strong preference for AIRB or IFRS 9 modelling.
**Essential Qualifications - NQF Level**
- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- Honours degree in Statistics/Mathematics/Econometrics/Finance/Actuarial Science or related quantitative discipline
**Technical / Professional Knowledge**
- Business Acumen
- 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
- Quantitative Skills
**Disclaimer**
**_Please contact the Nedbank Recruiting Team at
+27 860 555 566
_**
- For any assistance or more info please contact the Nedbank Recruiting Team
+27 860 555 566
- Eswatini- 061 295 2155 / 061 129 2036- Lesotho- 061 295 2155 / 061 129 2036- Namibia- 0860 275 622 / Option 3- Zimbabwe
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