Risk Model Validation Expert: Retail Credit

1 month ago


Johannesburg, Gauteng, South Africa Nedbank Full time
Job Summary

We are seeking a highly skilled Risk Model Validation Expert to join our team at Nedbank. The successful candidate will be responsible for ensuring the accuracy and reliability of our retail credit models, providing expert validation and recommendations to improve model performance.

About the Role

This is a critical role that requires strong technical expertise in risk modelling and analysis. You will work closely with senior modellers and business stakeholders to validate and refine our credit risk models, ensuring they meet regulatory requirements and best practice standards.

Key Responsibilities
  • Validate and review credit risk models and data to ensure accuracy and reliability
  • Develop and implement new models and techniques to enhance model performance
  • Provide expert input and guidance to business stakeholders on model development and validation
  • Liaise with internal teams to ensure smooth model deployment and maintenance
Requirements

To be successful in this role, you will need:

  • Advanced degree in Statistics, Mathematics, Econometrics or related quantitative discipline
  • At least 2-3 years' experience in retail risk modelling and validation
  • Strong knowledge of legislative requirements for regulatory credit capital models under the AIRB approach
  • Expertise in statistical and mathematical modelling skills
  • Familiarity with IFRS 9 Financial Instruments standard for credit impairments
  • Proficiency in MS Office, particularly Excel, and programming languages such as Python or R
What We Offer

As a valued member of our team, you can expect:

  • A competitive salary range: R1,200,000 - R1,800,000 per annum
  • Ongoing professional development and training opportunities
  • A dynamic and supportive work environment
  • The chance to work on high-profile projects and contribute to the success of our organisation

In return for your hard work and dedication, we offer a comprehensive benefits package, including medical aid, retirement fund, and annual leave.

About Us

Nedbank is a leading banking group in South Africa, committed to delivering exceptional service and innovative solutions to our customers. We pride ourselves on our commitment to excellence, integrity, and customer satisfaction.



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