Senior Specialist: Quantitative Analyst

Empowering Africa’s tomorrow, together one story at a time.
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

As a senior manager the expectation is to perform model validations, and lead other analysts in their validation work, in accordance with the model risk policy, framework and standards for the specific model type.

Job Description

Accountability: Model Validation/Monitoring
- Execute validation/monitoring of models assigned to you by following each step in accordance to the IVU process. Specifically, ensure that all information required for the validation/monitoring is available on time, as received from Model Owner (MO) and/or Model Development (MD).
- Ensure submission and completion milestones have been communicated to relevant stakeholders for the models assigned to you.
- Complete assigned models on time according to the IVU planning schedule.
- Use agreed templates and tools.
- Validate/monitor models in accordance to internal and external requirements (e.g. as set out in the Group Model Risk Policy - GMRP and associated standards, Basel regulations, Prudential Authority - PA regulations long-forms, IFRS9, etc.).
- Strive for a computationally accurate analysis which does not require recalculation as part of management review.
- Strive to produce a quality report requiring minimum corrections as part of management review. Ensure the report is palatable for the intended audience.
- Clearly document model recommendations/findings and relevance thereof to model use and portfolio decision making. Agree resolution actions and resolution timelines with affected counterparties and document these in the report. Focus on significant findings and minimize the number of significant findings missed as part of the process.
- Ensure that all findings that are resolved are evidenced and that you have checked and recorded as such.
- Give input into the following processes: Annual PA Self-Assessment, Long Form Audits, etc.
- Provide input into improving qualitative and quantitative measures used to measure model performance and model risk.
- Deliver ad-hoc and management requests timeously and to the required standard of quality.
- Present validation/monitoring outcome and findings at forums when required.
- Good writing and communication skills for presentation to Executives.

Accountability: Supervisory
- Supervise/assist analysts (AVPs) to ensure timeous and quality delivery of validation/monitoring outputs. Be consistent in terms of guidance and standards.
- Ensure the analysts (AVPs) follow each step in accordance to the IVU process.
- Review tests/analyses as completed by analyst and ensure all testing areas are adequately assessed.
- Review reports for completeness, accuracy and relevance, ensuring a quality report requiring minimum corrections as part of line manager review.
- Set up feedback sessions/checkpoints, implement all feedback, or acknowledge and reason why feedback was not implemented.
- Accountability for project milestone, control and outcome management.
- Ensure significant findings are identified and discussed early in the process.
- Offer technical and professional guidance to less experienced staff.
- Drive the achievement of key objectives, as specified by IVU management.
- Drive professional (softer skills) development of less experienced staff.

Accountability: Management of Stakeholder Relationships
- Maintain a professional relationship with all stakeholders. These include, but are not limited to, model owners, model developers, model approvers and audit.
- Effective communication of model findings to all stakeholders.
- Either address (where able and competent) or escalate material concerns or bottlenecks to line manager (or relevant stakeholder) as early as possible to enable actions to be taken pre-emptively.
- Constructively challenge models and related processes. Engage with the stakeholders to get their perspective.
- On an ongoing basis, interact with internal stakeholders (e.g. model developers, IVU colleagues, model owners, model implementation, business representatives, etc.) to ensure common understanding of findings and concepts.
- Guide internal counterparties through relevant regulatory, policies, standards, sites and governance requirements.

Accountability: Development of Technical and Product Knowledge
- Develop own technical knowledge, regulatory/policy knowledge and softer skills independently from scheduled team training.
- Exposure to diverse range of models across different business areas.
- Be involved with new developments and initiatives within the bank.
- Shares own knowledge on informal and formal basis; support team’s overall development.
- Create a positive, engaging and challenging working environment.
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