Nedbank Quantitative Analyst Jobs in South Africa

Nedbank Quantitative Analyst Jobs in South Africa

Job Purpose

  • The incumbent of the role is responsible for driving best practice Model Risk Management (MRM) across the Group in order to facilitate world class risk management.

    Job Responsibilities

  • Contribute to the transition of the MRM function from foundation phase to MRM in-action phase. Implement and execute on MRM to the Power of N – model management of the future.

  • Maintenance of a group-wide model inventory across the Nedbank model universe.

  • Assessing the level of aggregate model risk in the Group.

  • Build relationships with stakeholders by networking through targeted and informal interactions and consistent delivery of quality output to build trust.

  • Maintaining the Group Model Risk Management Framework and Level 3 Model Risk policy.

  • Contribute to the model definition and model inventory enhancements.

  • Contribute to the model risk scoring, model materiality and model risk appetite methodology

  • Assisting with Model risk ECap quantification and allocation.

  • SAS MRM maintenance and enhancement.

  • Model/methodology advisory and support for all clusters (solution generator, unlock business and client value).

  • Contribution to model rationalisation initiatives.

  • Assisting with Model Risk ICAAP & Pillar 3 reporting.

  • 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.

  • Contribute to a culture conducive to the achievement of transformational goals by participating in Nedbank
    Culture building initiatives.

    Minimum Experience Level

  • 1 year experience in a Quantitative Analyst role.


  • Essential Qualifications - NQF Level

  • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

  • Post graduate degree in mathematics/ statistics/actuarial science/engineering/data science.

    Type of Exposure

  • Analysing 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.

  • Building and maintaining effective relationships with internal and external stakeholders.

  • Analysing and interpreting quantitative and qualitative data.

  • Managing multiple projects.

    Technical / Professional Knowledge

  • Business Acumen.

  • Industry trends.

  • Microsoft Office.

  • Principles of project management.

  • Relevant regulatory knowledge.

  • Relevant software and systems knowledge.

  • Risk management process and frameworks.

  • Business writing skills.

  • Microsoft Excel.

  • Quantitative Skills.

    How to Apply

  • For more information and job application details, see; Nedbank Quantitative Analyst Jobs in South Africa

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