Quantitative Analyst job in Johannesburg
Johannesburg Nedbank
Job Ref: | 131517 |
Employer: | Nedbank |
Sector: | Banking & Finance |
Qualifications: | Unclassified |
Software: |
Excel
SAS SQL |
Job Type: | Full Time |
Salary and Benefits: | Competitive |
Remote: | No |
Location | |
Country: | South Africa |
City: | Johannesburg |
Post Code: | Not specified |
Map: | |
Description | |
Requisition Details & Talent Acquisition Contact REQ 131517- Tshego Semenya Location: Johannesburg Closing date: 17 April 2024 Cluster Group Risk Career Stream Quantitative Leadership Pipeline Manage Self: Professional Position Quantitative Analyst Job Purpose The validation of the models used for the calculation regulatory and economic capital as well as credit impairments and the rating processes. This is to contribute to the goal of best practice models in line with regulations and accounting standards (where applicable) in order to facilitate world class risk management. Job Responsibilities The role provides in-depth exposure to the bank's credit risk measurement models used for the calculation of regulatory and economic capital, as well as credit impairments. Your work will be focused on Retail credit models and you will be required to interact with senior modellers on a regular basis. The role offers high visibility as analyses and reports will be tabled at board level committees, the South African Reserve Bank (SARB) and the bank's internal and external auditors. The validation function assures the Board, the external auditors of the bank and SARB of the high standard and regulatory compliance of the credit risk models, the rating processes and IFRS 9 impairment models. You will be required to provide constructive challenge to business and recommend improvements to models as a subject matter technical expert. The ideal candidate will blend excellent communication, report writing, project management and general credit knowledge with solid technical expertise. Developing challenger models, assisting Nedbank to optimise the number of credit models, and developing your business knowledge will take the team to the next level. Your analyses and reports are presented at Nedbank Group Board committees, the SARB and the bank's internal and external auditors offering high visibility across the organisation. The divisional culture emphasises development, especially of leadership and behavioural skills, as well as embracing psychological safety. The team will focus on automation, machine learning and expansion into new areas such as credit risk loss forecasting, credit stress testing and anti-money laundering during the medium term. This provides opportunities for development and establishing an organisation wide reputation for the ambitious candidate. Deliverables
Minimum Experience Level
Essential Qualifications - NQF Level
Preferred Qualification
Technical / Professional Knowledge
Disclaimer Preference will be given to candidates from the underrepresented groups Please contact the Nedbank Recruiting Team at +27 860 555 566 Please contact the Nedbank Recruiting Team at +27 860 555 566 If you can't find the job you're looking for, activate job alerts to be one of the first to know when new positions open up. |
ref: (131517) 17 days ago
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