Analyst Model Development

2 weeks 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 provide specialist advice and support in the development and implementation of quantitative analytics, planning and associated service delivery processes, methods and techniques; enabling the provision of sound product development expertise.

**Job Description**:
The analyst for Model Development will be an analyst in the Enterprise Risk Measurement function, that analyse, understand, interprets, enhance, develop and document model methodologies related to Stress testing (forecasting models), Economic capital and Operational risk. The analyst will enhance and recalibrate the models across the group in close interaction with the business. The main areas of Model development will entail:

- Develop models in-house by ensuring model build data are of sufficient quality, completing statistical data analysis and producing detailed model build documentation while conforming to the governance structures
- Ensure successful implementation of vendor models by assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and helping out with testing (comparing implementation results with prototype results) to ensure the model is implemented correctly
- Provide directional expertise to enhance model building skills within the team, ensuring increased capacity to build models, by transferring knowledge and experience gained
- Ensure model compliance with Absa Group governance standards by following and adhering to standards

Stakeholder management would be required, that mainly includes:

- Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
- Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
- Explaining methodologies and data feeds to SARB and their representatives where applicable.
- Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
- Contribute to the development of a high-performance culture.

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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