Model Risk Specialist at FirstRand Corporate Centre

Are you someone who can:

• 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.
• 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.

You will be an ideal candidate if you:

• Have completed a bachelor’s degree (Honours preferrable) in one of the following disciplines: Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar.
• With up to 5 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

You will have access to:

• Challenging work in a complex and exciting environment
• Opportunities to innovate and create efficiencies.

We can be a match if you are:

• Have a good understanding of models from different risk types.
• Curious & courageous - driven and brave enough to always wanting to know and learn more.
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself.