Analyst Model Development
5 months ago
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 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**:
Accountability: Model development
- Develop and monitor IFRS9 and/or Regulatory Capital models in-house ,PD, LGD or EAD models or scorecard models through sound methodologies and statistical analysis.
- Enhancing / refreshing existing models already in place.
- Proficiency in SAS coding is essential.
- Updating models to reflect latest forecasted macro-economic factors; and communicating this impact.
- Testing that model build data is of sufficient quality and completing statistical data analysis to ensure this.
- Producing detailed model build documentation.
- Assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and with testing (comparing implementation results with documented model) to ensure the model is implemented correctly
- Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy. This includes responding to Independent Review questions and reworking the model build to resolve issues raised.
- Provide detail around the appropriateness of models.
- Perform and report impact analysis, including that of model updates.
- Work in a manner that allows models to easily be revisited or handed over.
Accountability: Stakeholder management
- Present impacts of model updates / model refreshes.
- 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 stakeholders when needed.
- Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
- Interact with Credit teams when details of their operational processes is required to understand the data / incorporate into the model methodology.
Accountability: Consultancy
- Share insights on the models for which you are responsible for. E.g., on the data used to build the model, drivers of the model, methodology, etc.
- Perform analysis on models to understand impacts, changes, etc.
Accountability: Governance and Adherence
- Familiarize yourself with Absa’s internal Model Risk Governance requirements and relevant Standards.
- Familiarize yourself with the regulations which govern model methodologies.
- Ensure that work which is performed adheres to the above.
Education
Bachelors Degree and Professional Qualifications: Data Science (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
-
Analyst Model Development
6 months ago
Johannesburg, South Africa Absa Bank Limited Full timeBring 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...
-
Model Development Analyst
6 months ago
Johannesburg, South Africa Absa Bank Limited Full timeBring 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, South Africa Network Recruitment Full timeAs a Senior Analyst in Capital and Impairment Model Development, you will be an integral part of their Credit Risk Modeling Team. Your primary responsibility will be to design, build, and maintain sophisticated models that are instrumental in managing credit risk, capital allocation, and impairment assessments. Key Responsibilities: Develop and maintain...
-
Capital Model Development Specialist
1 month ago
Johannesburg, Gauteng, South Africa Network Recruitment Full timeJob 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...
-
Johannesburg, South Africa Network Recruitment Full timeAs a Senior Analyst in Capital and Impairment Model Development, you will be an integral part of their Credit Risk Modeling Team. Your primary responsibility will be to design, build, and maintain sophisticated models that are instrumental in managing credit risk, capital allocation, and impairment assessments.Key Responsibilities:Develop and maintain credit...
-
Senior Model Risk Analyst
1 month ago
Johannesburg, South Africa Glencore Full time**Job highlights** - Full time - Johannesburg, Gauteng, South Africa - Market Risk **Job ID** - R200000898**Closing date** - 01/11/2024**Last Updated** - 24/10/2024*** **Senior Model Risk Analyst** Reference Number: HRR0001057 Location: Melrose Arch, Johannesburg, South Africa Department: Risk function Reporting to: Product Risk Lead **JOB...
-
Analyst Model Development
6 months ago
Johannesburg, South Africa Absa Bank Limited Full timeBring 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 timeBring 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...
-
Credit Risk Modelling Business Analyst
3 weeks ago
Johannesburg, Gauteng, South Africa Isilumko Staffing Full timeIsilumko Staffing is seeking a Senior Credit Risk Modelling Business Analyst to join their JHB team on a 6-month contract.Key Highlights:Estimated salary: R1,200,000 - R1,800,000 per annumNo less than 6-10 years' experience in data/business analysis with credit risk modelling, data sourcing within a financial service sectorModel deployment process...
-
Johannesburg, Gauteng, South Africa Network Recruitment Full timeJob Title: Senior Analyst: Capital and Impairment Model DevelopmentJob Description:As a key member of our Credit Risk Modeling Team, you will be responsible for designing, building, and maintaining advanced models that play a crucial role in managing credit risk, capital allocation, and impairment assessments.Key Responsibilities:Develop and maintain credit...
-
Quantitative Analyst for Credit Risk Modelling
15 hours ago
Johannesburg, Gauteng, South Africa Network Recruitment Full timeKey ResponsibilitiesWe are seeking a Quantitative Analyst to develop and refine credit risk scorecards for personal loans, credit cards, and vehicle finance. This role involves applying advanced statistical techniques to improve model performance, collaborating with stakeholders to align scorecard strategies with business goals, and analyzing portfolio data...
-
Senior Model Risk Analyst
4 weeks ago
Johannesburg, South Africa Jobted ZA C2 Full timeA Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional...
-
Senior Model Risk Analyst
1 month ago
Johannesburg, South Africa Network Recruitment Full timeA Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional...
-
Analyst Model Risk Validation
6 months ago
Johannesburg, South Africa Absa Bank Limited Full timeBring 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 The...
-
Senior Model Risk Analyst
4 weeks ago
Johannesburg, South Africa Network Recruitment Full timeA Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional...
-
Senior Model Risk Analyst
4 weeks ago
Johannesburg, South Africa Network Recruitment Full timeA Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional...
-
Senior Model Risk Analyst
4 weeks ago
Johannesburg, South Africa Network Recruitment Full timeA Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional...
-
Alm Model Development Lead
2 months ago
Johannesburg, South Africa FirstRand Full timeJob 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...
-
Data Modeler
2 months ago
Johannesburg, Gauteng, South Africa Golden Rule Full timeThe RoleWe are seeking a skilled Data Modeler to join our team. A Data Modeler is responsible for organizing raw data to make it easier to understand and process. This role will help data analysts understand trends, opportunities, and solutions to technical problems. The Data Modeler will use modelling language or specific software to ensure that data is...
-
Johannesburg, South Africa Jobted ZA C2 Full timeAre you a meticulous Credit Risk Business Analyst with experience in unpacking credit risks models and analyzing data sources to ensure model performance and compliance? Do you have experience working within the Financial Services and Financial Services Products space? If so, our client in Banking is looking for you! Your responsibilities will include: -...
