Senior Quantitative Analyst - JHB 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