Senior Specialist: Model Validation

2 weeks ago

Centurion, South Africa Secondments Full time

Key Performance Areas

**. Designs and manages the Governance process of the independent review and validation of company pricing, IRB credit and IFRS 9 / impairment models**
- Designs an effective, systematic, disciplined approach to evaluate and improve processes and procedures for the validation of key company pricing, IRB credit and IFRS 9 / impairment models.
- Designs, manages and updates the Model Governance Framework and related policies in relation to pricing, IRB credit and IFRS 9 impairment models.
- ** Gives input and advise on the development, implementation, use and improvement of the banks pricing, IRB credit and IFRS 9 impairment models through a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes**

**Manages the implementation of a robust model governance framework and contributes to the promotion of effective model development, implementation and use in the bank.**
- Ensures that all the company pricing, IRB credit and IFRS 9 impairment models conform to relevant international and domestic regulations (regulatory requirements) and legislation.
- Manages and provides oversight over the implementation and monitoring of a model risk and control assessment (RCA) matrix including managing the resolution of risk issues.
- Provides regular feedback to company management on validation findings that require special management attention.

**Manages the validation of the implementation and use of the company models across the business**
- Reviews the pricing, IRB credit and IFRS 9 impairment model development methodology to adhere to international and regulatory standards
- Analyses the robustness of the company data repository and storage systems and standardisation of the data management so as to give assurance on quality of the model's input data, related controls and comparable datasets

**. Develops, implements and executes an integrated model validation plan that takes into account business strategies and the related risks to enable delivery of business goals.**
- Compiles an integrated model validation plan that takes into account the economic environment, the key strategic risks faced by the company and the limitations of the business due to capacity constraints.
- Plans resource allocation so that the model validation plan may be delivered on time and to budget in a manner that adds value to business.
- Manages stakeholder expectations and capacities, critical path dependencies, scope creep and deliverable of key deliverables.

**. Manages stakeholders to project a positive image of risk management in the business and to enable alignment of business strategy and processes to model use and outputs. (Adoption of use of model throughout the bank)**
- Reviews models and related parameters so they align to changing circumstances and events.
- Manages adoption and use of models throughout the bank to support and improve their business processes.
- Defines and agree with company management areas where the company needs to improve controls so as to mitigate significant risks through assessment of pricing, IRB credit and IFRS 9 impairment model output reports.
- Determines and agrees with company management parameters in pricing, IRB credit and IFRS 9 impairment models that need to be refined so as to give model outputs that best measure the risks of the business.
- Integrates value adding model outputs in business decisions to enable sustainability of the company business.

**6. Provides consulting services to the business on model related issues and conducts research**
- Provides advice on improvement of business processes based on model outputs and assist with implementation of improvements while taking cognizance of segregation of duties as per the company three lines of defence model.
- Provides advice on resolution of control inadequacy or ineffectiveness and with implementation of resolutions while taking cognizance of segregation of duties as per the company three lines of defence model.
- Performs an advisory service beyond providing an assurance service to assist management in meeting its business goals.
- Evaluates and assesses significant new or changing services to processes, procedures, policies, risks and controls and assist with their correct implementation and control in the business.

Preferred Minimum Education and Experience
- Relevant 4 year tertiary qualification (B Com Hon or similar)
- 7 plus years experience including Credit model development and validation of risk and/or financial models

Critical Competencies
- Advanced Microsoft Office
- Programming essentials (any language)
- SAS (programming language)
- Business Acumen (financial Services)
- Financial Accounting Principles
- Market risk principles

Additional Requirements
- Extended hours as and when required.
- Travel as and when required

  • Senior Financial Modeller

    1 day ago

    Centurion, South Africa Dante Personnel Full time

    Gauteng, Centurion - R500 000 - R900 000 Annually **SENIOR FINANCIAL MODELLER** **GAUTENG** **R500 000 - R900 000 CTC** **Minimum requirements**: - BCoM/Finance - Actuarial - Or any financial / maths-related degree - Does not need CFA or specialist finance **Major Key Responsibilities in the role**: - Strong knowledge of Excel, including vba - Good...

  • Commercial Specialist

    4 days ago

    Centurion, South Africa Edge Executive Search Full time

    We are looking for a Pricing Specialist for a leading facilities management company. They will be responsible for creating and maintaining financial models to support Tenders/RFQ’s, Quotation, strategic decision-making, and analysing commercial contracts and deals to maximise profitability. The role reports directly to the Senior Commercial Manager for...

  • Financial Modeller

    3 hours ago

    Centurion, South Africa Communicate Recruitment Full time

    A unique boutique advisory company is looking for a Financial Modeller! **Job & Company Description**: This boutique advisory provides various consulting services on various infrastructure and project finance transactions. The job entails the development of transaction financial models for both public and private sectors. **Education**: - Bachelor of...

  • Senior Bim Modeller

    7 days ago

    Centurion, South Africa AECOM Full time

    Company Description **At AECOM, we’re delivering a better world.** We believe infrastructure creates opportunity for everyone. Whether it’s improving your commute, keeping the lights on, providing access to clean water or transforming skylines, our work helps people and communities thrive. Our clients trust us to bring together the best people, ideas,...

  • Financial Modeller

    3 days ago

    Centurion, South Africa Group Finance Full time

    **Introduction**Role Purpose** - To develop and build financial models to quantify the financial aspects of proposed corporate transactions using multiple financial metrics as well as provide input into MMH’s M&A decision-making process through financial analysis.**Requirements**: **Minimum qualifications - Bachelor’s Degree in Commerce, Actuarial or...

  • Senior Financial Modeller

    2 weeks ago

    Centurion, South Africa Dynexity Full time

    My client - a leader in Financial Advisory is looking for a Financial Modeller to join their team. Must have relevant Bachelors Degree (Finance/Actuarial etc.) with 3 -5 years experience in building and maintaining detailed Project Finance models. Strong Excel & VBA skills required - with experience having worked on Energy /Mining/ infrastructure /Real...

  • Senior Bim Modeller

    3 days ago

    Centurion, South Africa AECOM Full time

    Company Description **At AECOM, we’re delivering a better world.** We believe infrastructure creates opportunity for everyone. Whether it’s improving your commute, keeping the lights on, providing access to clean water or transforming skylines, our work helps people and communities thrive. Our clients trust us to bring together the best people, ideas,...

  • Senior Project Finance Consultant

    3 days ago

    Centurion, South Africa Communicate Recruitment Full time

    Our client, a specialist Consulting Services firm in the infrastructure space, is looking for a Senior Project Finance Consultant to join their team! **Job & Company Description**: **Job Experience & Skills Required**: - Any related Financial / Engineering Degree - 4-7 years’ experience in project finance - Must have advanced project financial modelling...

  • Chief Bim Modeller

    6 days ago

    Centurion, South Africa AECOM Full time

    Company Description **At AECOM, we’re delivering a better world.** We believe infrastructure creates opportunity for everyone. Whether it’s improving your commute, keeping the lights on, providing access to clean water or transforming skylines, our work helps people and communities thrive. Our clients trust us to bring together the best people, ideas,...

  • Senior Bim Modeller

    6 days ago

    Centurion, South Africa AECOM Full time

    Company Description **At AECOM, we’re delivering a better world.** We believe infrastructure creates opportunity for everyone. Whether it’s improving your commute, keeping the lights on, providing access to clean water or transforming skylines, our work helps people and communities thrive. Our clients trust us to bring together the best people, ideas,...

  • Senior Actuarial Specialist

    3 days ago

    Centurion, South Africa Communicate Recruitment Full time

    **One of the best insurance companies in South Africa is looking for a Senior Actuarial Specialist!** **Job & Company Description**: The incumbent will use their analytical, statistical and programming skills to collect, analyze and interpret large data sets in order to provide insights and data-driven solutions to solve difficult and strategic business...

  • Actuarial Specialist

    3 hours ago

    Centurion, South Africa Communicate Recruitment Full time

    Looking for a talented Actuary with pricing and product experience. We're currently seeking a highly skilled and motivated Actuary to join our team. As an Actuary with pricing and product experience, you will play a critical role in driving the success of our organization by developing and implementing pricing strategies, evaluating product performance, and...

  • Investment Specialist

    7 days ago

    Centurion, South Africa Land Bank Careers Full time

    **Job Advert Summary**: The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to...

  • Senior Actuarial Analyst

    4 days ago

    Centurion, South Africa Tipp Focus Group Full time

    **Purpose** To analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the the healthcare industry. **Duties and responsibilities**: - Research and advocate various policy issues and concepts to help improve the healthcare system - Contribute to mergers and acquisition,...

  • Investment Specialist

    3 days ago

    Centurion, South Africa Secondments Recruitment Full time

    **Job Advert Summary**: - The role of the Investment Specialist is to support the Head: Actuarial Short Term & Life with asset-liability management studies, asset-liability matching exercises, liquidity risk measurement, credit risk analytics, and market risk modelling and investment functions, including market risk capital requirement tools and models. -...

  • Pricing Actuarial Specialist

    3 hours ago

    Centurion, South Africa Communicate Recruitment Full time

    One of the fastest growing banks in South Africa is looking for a Pricing Actuarial Specialist! **Job & Company Description**: This **Bank **is South Africa’s only specialist agricultural bank established in 1912. The bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within...

  • Business Process Specialist

    4 days ago

    Centurion, South Africa ASIE Personnel Full time

    **Business Process Specialist** Our client a leader in the Engineering industry is currently looking for a Business Process Specialist to be based in Centurion. Design, implement, maintain, train, and continuously improve the organisation’s business processes and functionally own the enabling business process management technologies. **Duties &...

  • Pricing Actuarial Specialist

    3 days ago

    Centurion, South Africa Six Sense Full time

    Gauteng, Centurion - Annually Cost To Company (Market related) A well-established business is seeking to appoint a Pricing Actuarial Specialist The Pricing Actuarial Specialist will clean, consolidate, validate and analyze data including policy movements, data reconciliations and preparation of actuarial investigations in order to come up with a pricing...

  • Pricing Actuarial Specialist

    7 days ago

    Centurion, South Africa Land Bank Careers Full time

    **Job Advert Summary**: The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to...

  • Senior IT Specialist

    3 days ago

    Centurion, South Africa Cora O'Neil Recruitment Agency Full time

    **Centurion (Route 21 Business Park): SENIOR IT SPECIALIST** **Minimum Requirements**: - Presentable Afrikaans speaking - Afrikaans and English first and second languages a must (KEY REQUIREMENT - NOT NEGOTIABLE) - Bachelor's degree in Information Technology, Computer Science, or related field a must - Minimum 10 years extensive recent experience in IT,...