Senior Model Validation Analyst at Absa South Africa

Job Summary

• To provide specialist advice and support in the development and implementation of quantitative analytics, planning and associated service delivery processes, methods and techniques; enabling the provision of sound product development expertise.

Job Description

• The Independent Validation Unit within Model Risk is looking to hire a Model Validation Analyst to conduct the validation of models focuses on identifying, mitigating and monitoring of key model risks. The Model Risk function is a group level function that covers all models used across AGL. This role will provide you with the opportunity to engage with various stakeholders across all business units and hence allow you to build an excellent understanding of the bank.
• You will conduct validations on a diverse range of AGL models, produce validation reports, negotiate the findings & actions with internal & external stakeholders and influence the continuous improvement of model quality & use.
• These areas make use of a wide range of models (Regulatory Capital, Economic Capital, impairments, pricing, behavioural, application, stress-testing, valuation, derivatives, insurance risk, etc.) and cover products used across all of AGL’s business units.
• Opportunities to gain experience across validation teams and within the greater Model Risk team are possible and encouraged by management.
• Risk Management: Providing Subject Matter Expertise to Risk types
• Stakeholder Management: Build and Maintain effective Relationships with relevant stakeholders Risk Reporting: Identify, assess and Report key risks arising from significant events, investigations, audit and control issues

Risk and Control: Adherence to Policies, Procedures and Regulations

Qualifications:

• Bachelor`s Degrees and Advanced Diplomas in Maths/Stats/Actuarial Science.
• Coding skills in Python, R or C# will be an advantage.

Education

• Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (Required)