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  • Posted: Aug 13, 2021
    Deadline: Not specified
  • Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
    Read more about this company


    Model Development Manager (CIB)

    Job Summary

    • Bring your possibility to life! Define your career with us
    • 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 Description

    • Do you want to be part of a go-to quant team that develops trusted model solutions for business stakeholders? Would you like to future-proof your career in a challenging and changing business environment through growing your exposure to the data and statistics field?
    • Join a diverse team of dynamic model developers.  We are looking for experienced Model Development Managers with a background as quantitative analysts developing PD, LGD and EAD models for Regulatory Capital and Impairments (IFRS9) models in a banking or consulting environment.

    Please apply on the Absa Job Opportunities site for this exciting opportunity.

    We will expect you to take ownership of the full end-to-end model development lifecycle (development, implementation and governance) to meet relevant business as usual and project timelines.

    • You will be leading a team of modelling analysts and your role will include mentoring, performance management, talent management and succession planning
    • You will be accountable for ensuring that all activities and duties are carried out in full compliance with regulatory requirements, risk management frameworks and internal policies and standards and understand and manage risks and risk events (incidents) relevant to the process.
    • You will also play an active role in providing directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers, and keep up with industry trends to ensure increased capacity to build models.
    • Your ability to effectively manage stakeholders across different functions is key.
    • A successful candidate will hold at least an honours degree in Statistics, Business Mathematics and Informatics (BMI) or Mathematical Statistics or a related field with a minimum of 6 years’ experience in statistical model development or validation in a Business Banking or Investment Banking environment with process and people management experience preferred.

    Please submit your full CV and academic transcripts when applying.


    • Bachelor Honours Degree: Actuarial Science, Bachelor Honours Degree: Applied Mathematics, Bachelor Honours Degree: BMI - Business Management and Informatics, Bachelor Honours Degree: Manufacturing, Engineering and Technology, Bachelor Honours Degree: Statistics (Required)

    Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

    Absa Bank Limited reserves the right not to make an appointment to the post as advertised

    Method of Application

    Interested and qualified? Go to Absa on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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