Senior Specialist: Model Validation at Capitec Bank

Purpose Statement

• To be responsible for technical review and validation of credit and other models used in the organisation’s Financial Management Division in order to manage model risk and improve and optimise model methodologies and usage.

Experience

Minimum:

• 5+ years’ relevant experience in statistical analysis and financial modelling in a banking environment.
• Experience to include:
• Retail credit and financial model development experience (covering the full model lifecycle)  
• Data mining and predictive modelling
• Experience in a wide range of model types.

Ideal:
Experience to include 

• Acting as the subject matter expert and holding accountability for the reviewing and validation of financial models.
• Model review and validation

Qualifications (Minimum)

• Bachelor's Degree in Mathematics or Statistics
• Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

• Honours Degree in Mathematics or Statistics

Knowledge

Minimum:
Knowledge and understanding of:

• The credit lifecycle
• Analytics
• Statistical and predictive methodologies
• Financial mathematics, credit scoring and other models (pricing, provisions, ICAAP, capital)
• Basic accounting 
• Table and database structures
• Statistical software (e.g. SAS, R, Python)
• Database querying (e.g. SQL)
• Advanced Microsoft Excel (including VBA)
• Technical understanding and knowledge of different operating systems / databases / programming languages
• Model risk management and model governance.
• Understanding of technical issues and the impact these may have on other models, strategies, decisions and areas 
• Reporting at strategic level for senior management/executives
• Knowledge of risk management concepts and their applications.

Ideal:
Knowledge and understanding of:

• Machine Learning,
• Banking products such as Personal Loans, Credit Cards, Home Loans, Vehicle Finance
• Understanding of how economic risks could affect the bank
• Experience with Basel capital models
• Project management

Skills

• Analytical Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Commercial Thinking Skills
• Attention to Detail
• Numerical Reasoning skills

Competencies

• Achieving Personal Work Goals and Objectives
• Delivering Results and Meeting Customer Expectations
• Adhering to Principles and Values
• Applying Expertise and Technology
• Analysing
• Presenting and Communicating Information
• Coping with Pressures and Setbacks
• Writing and Reporting

Additional Information

• Clear criminal and credit record
• Ability and willingness to work in an open plan environment
• Willingness to work or be available overtime and / or weekends if required
• A valid driver's license and own vehicle is preferred
• Willingness to travel nationally if and when required