Manager - Climate Risk Analytics at Absa South Africa

Job Description

• Develop models in-house by ensuring model build data are of sufficient quality, completing statistical data analysis and producing detailed model build documentation while conforming to the governance structures required.
• Developing Physical Risk and Transition Risk models to evaluate the impact on the group.
• Link Physical and Transition Risks to credit, market, operational, strategic, insurance, and other risk types. 
• Understand insurance risk principles and the impact of climate change on insurance within a banking group.
• Work with climate related datasets – sourcing, analysing and processing.
• Be responsible for ensuring data processes are in place for best practice climate related modelling (e.g., Geolocation, Carbon emissions).
• Make extensive use of climate related scenarios and understand the relevant international bodies’ scenarios (e.g., NGFS).
• Stay abreast of climate related topics, including regulatory requirements around Climate Risk (e.g., Central Banks and Regulators, BCBS, IFRS).
• Use the latest techniques, coding languages and packages to develop solutions. (e.g., Python).
• Develop tailored solutions to different business units for them to manage their climate related risks.
• Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy.
• Ensure successful implementation of models.
• Provide directional expertise to enhance model building skills within the team, ensuring increased capacity to build models, by transferring knowledge and experience gained.
• Ensure model compliance with Absa Group governance standards by following and adhering to standards.
• Generate appropriate challenge on model builds from around the group by discussing model build detail and ideas.
• Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.

Education and Experience requirements

• Proven performance within banking and/or insurance institutions.
• A relevant Postgraduate Degree in a numerate field, e.g., Maths, Stats, Engineering, Actuarial Science, etc.
• A professional qualification (e.g., Fellow of the Actuarial Society of SA, or Institute of Actuaries, CFA) will be preferred.
• Experience in managing analytics staff and managing projects.
• Strong coding abilities.
• Any climate related experience, certificates or related courses will be advantageous.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)