Senior Quantitative Analyst at Nedbank

Job Purpose

The incumbent of the role is to assist driving best practice Model Risk Management (MRM) across the Group in order to facilitate world class risk management

Job Responsibilities

• Implement and execute on MRM to the Power of N – model management of the future.
• Model/methodology advisory and support for all clusters (solution generator, unlock business and client value).  
• Challenge model builds through expert group and model technical forum participation, contribute to the development of differentiated, superior solutions and ensuring best practice.
• Seek opportunities to improve business processes, models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Contribution to model rationalisation initiatives.
• Assisting with Model Risk ICAAP & Pillar 3 reporting.
• Assessing the level of aggregate model risk in the Group.
• Maintaining and enhancing the Group Model Risk Management Framework and Level 1 Model Risk policy.
• Maintenance of a group-wide model inventory across the Nedbank model universe and contributing to the model inventory completeness. 
• Contribute to the model risk scoring, model materiality and model risk appetite processes.
• Assisting with Model risk ECap quantification and allocation. 
• SAS MRM (Nedbank’s digital embodiment of the MRM framework) maintenance and enhancement. 
• Build relationships with stakeholders by networking through targeted and informal interactions and consistent delivery of quality output to build trust. 
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities through formal and informal learning activities and practical experience.
• Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Contribute to a culture conducive to the achievement of transformational goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).

Minimum Experience Level

• 3-5 years model development/ advisory experience in an analytical environment

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees
• Professional Qualifications/Honour’s Degree

Preferred Qualification

• Post graduate degree in mathematics/statistics/actuarial science/ data science

Technical / Professional Knowledge

• Industry trends
• Microsoft Office
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Risk management process and frameworks
• Business writing skills
• Microsoft Excel
• Business Acumen
• Quantitative Skills