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