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Quantitative Analyst

The Programme 

The role will be focused on maintaining, monitoring and refining the IFRS9 impairment models, general credit risk analytics and reporting analyses within the Retail and Business Banking Credit Provisions team. 
The role provides in-depth exposure to the bank’s credit risk measurement methodologies used for the calculation of credit impairments. Furthermore, it offers high visibility as the analyses and reports will be tabled at executive level committees and the bank’s internal and external auditors. 
This is a balanced role, focusing on technical expertise as well as behavioral competencies (e.g. conflict resolution, negotiation skills). This role will suit a passionate and ambitious individual interested in Credit Risk modelling and analytics. 
Type of Exposure:  

  • Analyzing situations or data that requires an in depth evaluation of multiple factors.  
  • Developing ways to minimize risks. 
  • Influencing stakeholders to obtain buy-in for concepts and ideas.  
  • Sharing information in different ways to increase stakeholders understanding.  
  • Executing strategy. 
  • Working with a group to identify alternative solutions to a problem. 
  • Interacting with diverse people. 
  • Managing multiple projects.
  • Analyzing and interpreting quantitative and qualitative data.  

What You Will Do

  • The incumbent of the role is accountable for driving the accurate and timeous completion of key credit risk analytics as well as continually developing analytics to aide accuracy of reporting in line with Nedbank’s strategic goal of being operationally excellent in all we do. 
  • Maintain, monitor and refine IFRS 9 ECL credit impairment models in SAS and the Nedbank Model Implementation Platform. 
  • Alignment of credit provisioning and reconciliation. 
  • Monthly production of high-quality credit impairment reporting. 
  • Monthly analysis and assurance of portfolio movements. 
  • Assisting management with various ad-hoc tasks, reports, specific deep dives and analyses. 
  • The incumbent must keep abreast with accounting standard (IRFS 9) requirements.
  • Increase efficiencies through programming and automating processes.  

Required Skills and Abilities

  • Post graduate degree in Statistics/CFA/FRM, Actuarial Science/Financial Mathematics/Mathematics/Statistics or similar - Preferred. 
  • Knowledge of IFRS9 Financial Instruments standard for calculation of credit impairments is an advantage. 
  • Ability and experience in conducting independent research and compiling feedback thereof at an appropriate level for the target audience. 
  • Financial Accounting Principles. 
  • Governance, Risk and Controls. 
  • Principles of project management. 
  • Relevant Nedbank product knowledge. 
  • Relevant regulatory knowledge. 
  • Management information and reporting principles, tools and mechanisms. 
  • SAS programming knowledge is an advantage. 
  • Principles of project management. 
  • Risk management process and frameworks. 
Closed 10 months ago
Closed 10 months ago
  • Job type:Graduate Jobs
  • Disciplines:

    Actuary, Banking and Finance, Mathematics, Science,

  • Citizenships:

  • Locations:

    Johannesburg (South Africa)

  • Closing Date:9th Feb 2021, 6:00 pm


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