Nedbank Jobs for Matriculants – Quantitative Analyst

Website Nedbank

Job Description:

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.

Job Responsibilities:

  • Enhancements to existing models – Independent development of models to assess potential for improvement on existing ones.
  • Continuous learning – Keeping abreast with emerging regulatory requirements and modelling techniques in order to fulfil the role as a subject matter expert. Conduct research into model development and validation best practice. Independently develop alternate PD, LGD, EAD models to that currently in use.
  • Liaising with the stakeholders – Liaising with the business, credit, and senior modellers to ensure that the validation process and feedback are optimised. Preparing and presenting reports to senior management.
  • Organisational learning – Knowledge sharing, research and mentoring of junior staff members and graduates, including skill transfer.
  • Validation of credit risk models and processes – Quantitative and qualitative validation of credit risk models and data, together with the application thereof.
  • Subject matter expert – Provide input/assistance in the build and refinement of credit risk models within the business clusters.
  • Change facilitation – Facilitate improvement in credit risk models and processes.

Job Requirements:

  • Analysing situations or data that requires an in depth evaluation of multiple factors
  • Interacting with diverse people
  • Sharing information in different ways to increase stakeholders understanding
  • Working with a group to identify alternative solutions to a problem
  • Executing strategy
  • Influencing stakeholders to obtain buy-in for concepts and ideas
  • Developing ways to minimize risks

Qualification & Experience:

  • Advanced Diplomas/National 1st Degrees
  • 1-2 years experience in Retail risk modelling, validation environment – with a strong preference for AIRB or IFRS 9 modelling.
  • Honours degree in Statistics/Mathematics/Econometrics/Finance/Actuarial Science or related quantitative discipline.

Job Details:

Company: Nedbank

Vacancy Type:  Full Time

Job Location: Johannesburg, Gauteng, SA

Application Deadline: N/A

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