Senior Quantitative Governance Specialist

2 months ago


Johannesburg, Gauteng, South Africa Network Recruitment Full time
Job Summary

A Senior Model Risk Analyst is responsible for ensuring model risk governance compliance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues.

Key Responsibilities
  • Recertify models and address shortcomings
  • Align with market changes and new business opportunities
  • Work with cross-functional teams to maintain robust, well-documented, and updated models
  • Perform full recertification or affirmation of model parameters and performance
  • Assess model risks during certification reviews
  • Design and implement materiality assessments and monitoring
  • Analyze and incorporate physical operational constraints into model representations
  • Conduct performance reviews, including convergence tests and other performance evaluations
  • Ensure models are properly documented, version-controlled, and validated
Requirements
  • Bachelor's degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering
  • Minimum 3-7 years of experience in model risk management, validation, and control
  • In-depth knowledge of regulatory frameworks and experience using risk modeling tools and model validation methodologies


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