Model Risk Analyst at Discovery Limited

Role Overview

• Join the Balance Sheet Management team as a Model Risk Analyst, where you'll support the development and maintenance of the model risk control cycle. In this role, you'll collaborate with stakeholders across the Bank to regularly assess model performance and identify areas of concern. You’ll also be responsible for validating and documenting new model processes, while contributing to the team’s reporting and analytical insights for Discovery Bank stakeholders — ensuring both accuracy and integrity.
• The ideal candidate values the strategic importance of risk management and is eager to build a career in data analysis, model validation, quantitative techniques, and balance sheet risk reporting.

Areas of responsibility may include but not limited to

• Stay abreast of developments in banking model development and prudential reporting practices
• Assist with formalising model risk practice and control cycles on new and existing Discovery Bank products
• Ensure models across the Bank remain fit-for-purpose and are subject to regular review
• Engage with Model Risk Committee stakeholders and support robust model governance practice
• Ensure integrity and accuracy of data in BSM risk reports and model development pipelines
• Collaborate with IT/data teams to troubleshoot data issues and optimise data workflows for scalability

Personal Attributes and Skills:

• Innovative and creative thinker who can think outside of the box to solve industry problems and develop new customer propositions.
• Strong analytical skills and keen eye for detail
• Able to cope with the pressure, setbacks and the fluid nature of a start-up business
• Enjoy working with a team

Competencies:

• Problem Solving
• Dealing with Ambiguity
• Customer Focus
• Ethics and Values
• Integrity and Trust
• Intellectual Horsepower
• Learning on the Fly
• Presentation Skills

Education and Experience

• Bachelor’s or Honours degree in Actuarial Science, Mathematical Statistics, Financial Engineering or related fields will be considered.
• For ASSA students, a qualification plan that includes subjects F107/F207 is advantageous
• Experience with SQL, SAS Enterprise Guide, Python, Calypso, Powerpoint and/or Excel is advantageous.
• Two years of work experience, especially in retail banking, is beneficial.