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  • Posted: Jul 6, 2020
    Deadline: Not specified
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    Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
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    Model Development Analyst

    Job Summary

    Bring your possibility to life! Define your career with us
    With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

    Job Description

    Do you want to be part of a go-to quant team that develops trusted model solutions for business stakeholders? Would you like to future-proof your career in a challenging and changing business environment through growing your exposure to the data and statistics field?
    Join a diverse team of dynamic model developers. We are looking for experienced Model Development Analysts with a background as quantitative analysts developing PD, LGD and EAD models for Regulatory Capital and Impairments (IFRS9) models in a banking or consulting environment.

    • We will expect you to ensure model build data are of sufficient quality.
    • Develop theoretical understanding and practical application of model development methodology through model building and application experience.
    • Complete statistical data analysis and produce model build documentation in an unambiguous and concise manner.
    • Have the ability to integrate technical statistical experience and business knowledge.
    • Ensure successful implementation of models by assisting the model implementation team through answering technical questions around the model workings.
    • Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy.
    • Actively engage stakeholders (model users, validation team, monitoring team, regulators) to be fully engaged in process and delivery through email discussions, group meetings and one-on-one discussions ensuring their issues, objectives and priorities are reflected in agreed solutions.

    A successful candidate will be a South African Citizen that hold at least an honours degree in Statistics, Business Mathematics and Informatics (BMI) or Mathematical Statistics or a related field with up to 6 years’ experience in statistical model development or validation in a Business Banking or Investment Banking environment with process and people management experience preferred. Proficiency in Base SAS or SAS Enterprise Guide, SAS data steps, SAS procedures, SAS SQL, SAS Macros in order to develop statistical models .

    Please submit your full CV and academic transcripts when applying.

    Qualifications

    • Analytical Thinking - Advanced (Meets some of the requirements and would need further development), Bachelor Honours Degree - BMI - Business Management and Informatics, Bachelor Honours Degree - Computational and Applied Mathematics, Bachelor Honours Degree - Statistics, Commercial mindset - Junior (Meets all of the requirements), Experience in a similar environment at junior specialist level, Openness to change (Meets some of the requirements and would need further development), Personal mastery (Meets all of the requirements), Quality orientation (Meets all of the requirements), Quantitive Skills (Meets all of the requirements)

     

     

    Method of Application

    Interested and qualified? Go to Absa on absa.wd3.myworkdayjobs.com to apply

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