Quantitative Risk Analyst: Wholesale Model Validation Expert

5 days ago


Johannesburg, Gauteng, South Africa Nedbank Full time
Job Description:

This role focuses on the development and maintenance of best practice models and assessment strategies to facilitate world-class risk management and attainment of strategic objectives.

Key Responsibilities:
  • The validation function assures the Board, external auditors, and SARB of the high standard and regulatory compliance of credit risk models, rating processes, and IFRS 9 impairment models.
  • The ideal candidate will blend excellent communication, report writing, project management, and general credit knowledge with solid technical expertise.
  • Your analyses and reports are presented at Nedbank Group Board committees, SARB, and internal and external auditors offering high visibility across the organisation.
Essential Qualifications:
  • Advanced Diplomas/National 1st Degrees
Preferred Qualification:
  • Honours degree in Statistics/Mathematics/Econometrics/Finance/Actuarial Science or related quantitative discipline.
Technical Exposure:
  • Knowledge of legislative requirements for regulatory credit capital models under the AIRB approach.
  • Statistical or mathematical modelling skills.
  • Understanding of credit modelling and rating process.
  • MS Office, particularly Excel (advanced user).
  • SAS and VBA.


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