Quantitative Analyst: Fraud

7 days ago

Sandton, South Africa Discovery Ltd. Full time

**Business Unit**:Discovery Bank

**Function**:Banking

**Date**:20 Jan 2025

**About Discovery**

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

**About Discovery Bank**

Discovery Bank is a bank like no other - a shared-value bank, designed with our clients in mind. We’re all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you’re adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that’s safe and nurturing.

**Job Purpose**

The Enterprise Risk Management team is responsible for the development, oversight and embedding fraud, security and operational risk controls for the bank. The Quantitative Analyst plays an important role within the team to develop enterprise risk management models to predict fraud, security and operational risk.

**Areas of responsibility may include but are not limited to**
- Build, validate, document, implement, monitor and rebuild Enterprise risk models (fraud, security, operational risk models, customer behaviour modelling)
- Design and develop robust processes around periodic reporting tasks with focus on automation.
- Implement new risk models and maintain models currently deployed in production.
- Contribute to the development of an effective and efficient risk-reporting infrastructure by gathering and analysing data from various business units, writing reports, and providing recommendations.
- Execute the daily production process as well as troubleshoot and resolve production issues in a timely manner.
- Conduct detailed analytical work with a high level of accuracy in order to deliver results to senior management.
- Working with the leaders of the Risk Modelling team to ensure models are effectively embedded into operational activities.
- Work closely with the wider Risk Team, Finance, Product Development and System Architects to optimize the best solution for the bank and group.

**Personal Attributes and Skills**
- Demonstrated technical skills, including ability to write code. Experience designing and setting up production-grade systems will be considered a strong plus.
- Resourceful and tenacious
- Self-motivated
- Focused on driving results
- Detail-oriented
- Ability to convey complex data in a concise understandable manner and distil the key messages
- Strong problem-solving skills
- Ability to work effectively across varying levels of Management and multi-disciplinary teams
- Good and clear written style.
- Strong verbal and written reporting skills.
- Quantitative/qualitative analytical skills

**Education and Experience**
- Bachelor’s degree in Quantitative Finance or closely related (quantitative major) degree.
- Minimum 3 years of Quantitative research experience in the financial industry.
- Retail banking experience is preferred
- Programming capabilities in SAS / R / Python / VBA
- Solid understanding of basic algorithms and data structures.
- Basic knowledge of SQL query language is required. Experience with database design is preferred.
- Basic understanding of fraud risk, security risk and operational risk
- EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

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