Senior Model Risk Specialist at FirstRand Corporate Centre

Exciting new opportunity in Enterprise Risk Management to join the model risk team. Have a good understanding of models from different risk types and be able to perform tasks that include model independent validation, reporting, presenting at governance committees, shaping of frameworks, researching methodologies, etc, that contribute to the management of model risk.

Are you someone who can do: 

Model independent validation and model risk management

• Review and/or reperform model building process.
• Document and communicate independent validation findings, corrective actions and advise on model appropriateness
• Apply risk proportionate approach to different model validations.
• Assess the adequacy and/or best practice in strategy, frameworks, policies and business process alignment to modelling practice.
• Present to designated validations committee independent validation outcomes and corrective actions.
• Communicate effectively and maintain a good relationship with key stakeholders.
• Optimise processes through continuous updates to frameworks and governance design.

Education/Qualifications

• Bachelor’s degree (Honours preferrable) in one of the following disciplines: Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar.

Skills and Competencies

• 7 – 10 + years of financial modelling, risk modelling and/or model validation experience within a banking context.
• Proficiency in programming languages that can include SAS, SQL, Excel, Python and R.

Experience with the following model types/usage advantageous:

• Scorecard models
• Financial Crime
• Group Treasury
• Credit risk regulatory capital and provisioning models
• Pricing
• Insurance
• Advanced Analytics
• Experience in model building will be a bonus

Deadline:11th June,2025