Lead Model Risk Validation Specialist

4 days ago


Johannesburg, Gauteng, South Africa FirstRand Corporate Centre Full time
About the Role

We are seeking an experienced Lead Model Risk Validation Specialist to join our team at FirstRand Corporate Centre in Johannesburg, Gauteng.

Job Summary

The successful candidate will lead the Credit Risk Independent Validation function within Group Model Risk Management, shaping this function to support the Group's Model Risk Management Strategy. Key responsibilities include driving enhancements to modelling across the group, overseeing independent validation processes, and collaborating with model owners to ensure adherence to model risk management and governance processes.

Key Responsibilities
  • Establish mutually beneficial relationships with stakeholders to support thought leadership and innovative solutions.
  • Maintain effective internal and external stakeholder engagement.
  • Develop a wide network of business contacts and communicate clearly.
  • Accountable for providing feedback to the team and management committee.
Scope of Work

The role includes managing the quality of delivery, ensuring customer goal achievement, and demonstrating leadership behaviour through personal involvement and commitment to organisational values.

Requirements
  • Minimum Qualification: Degree in Statistics, Mathematical Statistics, Actuarial Science, Data Science or related fields.
  • Preferred Qualification: Post-graduate degree in one of the above fields, or Fellow of the Actuarial Society of South Africa.
  • Experience: More than 6 years of Credit Risk and/or Risk modelling and/or Model validation experience within the banking industry, with more than 4 years of experience managing a team of quantitative analysts/data scientists.
Compensation Package

The estimated salary for this role is R1,200,000 - R1,500,000 per annum, based on the title, job description, and location. We offer a comprehensive benefits package, including medical aid, retirement fund, and generous leave days.



  • Johannesburg, Gauteng, South Africa Nedbank Full time

    We are seeking a skilled Data Modelling Specialist to join our team in Johannesburg, South Africa.Job Description:The successful candidate will be responsible for the validation of credit risk models and processes, providing input on the build and refinement of credit risk models within the business clusters. This role involves quantitative and qualitative...


  • Johannesburg, Gauteng, South Africa Nedbank Full time

    Job OverviewNedbank is seeking a highly skilled Risk Model Validation Expert to join our team in Johannesburg.About the RoleThis is a unique opportunity for a seasoned professional with a strong background in risk modeling and validation to contribute to our organization's goal of best practice models in line with regulations and accounting standards.Key...


  • Johannesburg, Gauteng, South Africa Nedbank Full time

    Job SummaryWe 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 RoleThis is a critical role that requires strong...

  • Data Analysis Expert

    3 weeks ago


    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    We are seeking a highly skilled Data Analysis Expert to join our team at Network Recruitment.About the RoleThis role involves working with various stakeholders to identify and assess risks, as well as developing and implementing strategies to mitigate them. You will be responsible for analyzing complex data sets, identifying trends and patterns, and...


  • Johannesburg, Gauteng, South Africa Nedbank Full time

    Job DescriptionWe are seeking a highly skilled Senior Retail Model Validation Expert to join our team at Nedbank.About the RoleThis is an exciting opportunity for a talented individual to take on a senior role in validating retail credit risk models and processes. As a key member of our team, you will be responsible for ensuring that our credit risk models...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    We are seeking a highly skilled Quantitative Credit Risk Analyst to lead the development and maintenance of critical tools and infrastructure that aggregate credit risk exposures across the Group.About the RoleCredit Risk Aggregation: Implement tools like economic capital and earnings at risk models to offer a comprehensive view of the clients credit risk...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Description:Network Recruitment is seeking a highly skilled Strategic Risk Modelling Specialist to join our team.About the Role:


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job OverviewWe are seeking a seasoned Senior Model Risk Analyst to join our team at Network Recruitment. As a key member of our Quant Risk team, you will play a pivotal role in ensuring the integrity and accuracy of our models.Salary: £70,000 - £90,000 per annumAbout the RoleThe Senior Model Risk Analyst will be responsible for monitoring model...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    {"Job Title" : "Senior Model Risk Analyst"}**Job Summary:**A 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...


  • Johannesburg, Gauteng, South Africa KPMG-SouthAfrica Full time

    Company OverviewKPMG-SouthAfrica is a leading advisory practice that assists clients with complex statistical models used to quantify financial risks. Our Credit Risk & Capital Management team offers exposure to a wide range of modelling techniques used by banks.


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Purpose:Perform comprehensive model recertification and review to ensure compliance with governance policies.Identify and assess model risks to mitigate potential threats.Design and implement materiality assessments and monitoring in collaboration with the Quant Risk team.Analyze and incorporate operational constraints into model representations when...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Job Purpose:We are seeking a highly skilled Senior Model Risk Management Expert to join our team. This role involves ensuring compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues.Key Responsibilities:Perform full recertification or affirmation of model...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Quantitative Risk SpecialistNetwork Recruitment is seeking a skilled Quantitative Risk Specialist to join our team. As a key member of our Quantitative Analytics and Liquidity Risk Management division, you will contribute to innovative solutions that drive the effective management of market risks. Your responsibilities will include:Designing and implementing...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Role OverviewWe are seeking a skilled Credit Risk Specialist to join our team at Network Recruitment. As a key member of our credit risk management function, you will be responsible for developing and maintaining economic capital models to deliver a holistic view of credit risk exposures.


  • Johannesburg, Gauteng, South Africa Strategic Personnel Full time

    We are looking for a highly skilled and experienced Credit Risk Modelling Specialist to join our team at Strategic Personnel in Sandton, Johannesburg. As a key member of our risk management division, you will play a crucial role in analysing credit data and developing new credit rules and strategies.This is an exciting opportunity for a seasoned professional...


  • Johannesburg, Gauteng, South Africa Isilumko Staffing Full time

    Senior Credit Analyst Job DescriptionAbout Us: Isilumko Staffing is a leading provider of staffing solutions, and we're seeking an experienced Senior Credit Analyst to join our team. Job Overview: As a Senior Credit Analyst, you will play a critical role in analysing complex business processes, defining problem statements, and delivering practical solutions...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    Quantitative AnalystAbout the Role:We are seeking an experienced Quantitative Analyst to join our team at Network Recruitment. As a key member of our credit risk management function, you will be responsible for developing and maintaining credit risk models to deliver a holistic view of credit risk exposures.Key Responsibilities:Credit Risk Modeling: Develop...


  • Johannesburg, Gauteng, South Africa Paton Personnel Full time

    Paton Personnel is seeking a highly skilled Actuarial Risk Modeller to join their team in the Non-Life Insurance space.As a key player, you will assist with IFRS17 modelling and lead capital projections for the ORSA. Your advanced SQL and actuarial expertise will be utilised to optimise capital and contribute to regulatory deliverables.You should have 3+...


  • Johannesburg, Gauteng, South Africa Network Recruitment Full time

    At Network Recruitment, we are seeking a highly skilled Credit Quantitative Consultant to join our team.This exciting role presents an opportunity to utilise your expertise in credit risk modelling to drive business growth and success.The successful candidate will be responsible for developing, refining, and validating credit risk models across various...


  • Johannesburg, Gauteng, South Africa Golden Rule Full time

    Job OverviewWe are seeking a highly skilled Data Modeling Specialist to join our team. As a key member of our organization, you will play a critical role in organizing raw data to make it easier to understand and process.ResponsibilitiesThe ideal candidate will have a strong understanding of data modeling principles and be able to design and implement...