Regulatory Model Lead
3 weeks ago
Company Overview
At Absa Group Limited, we are committed to delivering exceptional service to our clients and driving innovation in the financial industry.
Salary
The salary for this position is approximately R1,500,000 per annum, based on market conditions and location.
Job Description
As a Regulatory Model Lead, you will be responsible for managing the development and continuous enhancement of Corporate and Investment Banking (CIB) regulatory credit capital models. This involves playing a leading role in the entire credit risk model development, implementation, monitoring, and governance lifecycle.
You will work closely with junior quantitative analysts and Model Development analysts across the wider Model Risk and Development teams, providing directional expertise and guidance on model building skills.
Key Responsibilities
- Take ownership of the full end-to-end model development lifecycle (development, implementation, and governance) of CIB regulatory credit capital models.
- Lead a team of modelling analysts, including mentoring, performance management, recruitment, talent management, and succession planning.
- Ensure all activities and duties are carried out in full compliance with regulatory requirements, risk management frameworks, and internal policies and standards.
- Manage risks and risk events relevant to the process.
- Provide directional expertise to enhance model building skills across the team.
Required Skills and Qualifications
- Bachelor's Degrees and Advanced Diplomas in Business, Commerce, and Management Studies.
Benefits
We offer a competitive benefits package, including medical aid, life insurance, and retirement funding.
Others
This role requires a strong understanding of credit risk models and regulatory requirements.
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