Er Coordinator Model Validation
4 days ago
We are looking for an experienced Er Coordinator to join our Model Validation team at Nedbank.
About the JobIn this role, you will be responsible for performing initial and ongoing validations of Credit Risk models for the Personal and Business Banking portfolios.
You will work closely with stakeholders to identify and address any issues with model performance.
This includes assessing model types such as Basel capital parameter models, Application and Behaviour Scorecards, Impairment models, Stress Testing models, and Pricing models against regulations and internal bank policies.
The ideal candidate will possess a strong understanding of statistical modelling techniques and experience working with large datasets in different coding environments.
Key Responsibilities- Perform initial and ongoing validations of Credit Risk models.
- Work closely with stakeholders to identify and address issues with model performance.
- Assess model types against regulations and internal bank policies.
- Collaborate with cross-functional teams to develop and implement new models and processes.
- Review and utilize cutting-edge development techniques to ensure the accuracy and reliability of Credit Risk models.
- Possess a Bachelor's degree in Statistics, Mathematics, Data Science, or Actuarial Science.
- Possess an Honours degree in Statistics, Mathematics, Data Science, or Actuarial Science.
- Masters degree in Statistics, Mathematics, Data Science, or Actuarial Science is preferred.
- A minimum of 3-5 years' experience as a Quantitative Analyst in a Risk Management, Model Development, or Model Validation function.
- Strong background in statistical modelling, data analysis, and machine learning.
- Familiarity with tools such as Python or SAS is essential.
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