Data Scientist

FNB South Africa; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading financial institution is seeking a Data Scientist III in Johannesburg. The successful candidate will develop and implement advanced analytical methodologies and support decision-making in Credit Risk. This role requires a Bachelor’s degree and 6-8 years of experience in Data Science, particularly within Credit Risk. Candidates should possess strong skills in model development, SAS, SQL, and IFRS knowledge. The position offers a flexible working environment and opportunities for professional development.

Benefits

Flexible working environment

Access to health and wellbeing resources

Generous leave policy

Qualifications

• 6 - 8 years relevant Data Science experience within a Credit Risk environment essential.
• Strong knowledge of IFRS 9 regulatory framework.
• Experience in Impairments and Capital Provisioning required.

Responsibilities

• Develop innovative analytical solutions to improve business efficiency.
• Build and maintain statistical models (PD, LGD, EAD).
• Report and monitor provision movements and forecasting.

Skills

Model development

Statistical analysis

SQL proficiency

SAS proficiency

Communication skills

Education

Bachelor's degree in Mathematics, Statistics, Actuarial Science or related degree

Tools

SAS

SQL

Job description

Overview

To plan, build, optimise and implement innovative quantitative analytical methodologies, procedures, products and advanced mathematical models that provide analytical support and interpret insights, using advanced analytics technologies, to address business opportunities and problems and implement business strategy.

Role

Hello, future Data Scientist III

Welcome to FNB, the home of the #Changeables.

We design for the shapeshifters and deliver products and services that make us incredibly proud of the people that make it happen. We are creating a world class lending and credit risk capability, establishing the gold-standard through thought leadership and execution. As part of our credit community, you get to apply your skills to a diverse lending market, adapting and thriving while doing so. We strive to consistently develop better ways to partner with customers through lending, lifting society in doing so.

Role purpose

We\'re on the lookout for a talented Data Scientist III to join our FNB Connect Credit team with an understanding of Credit Risk models and be able to perform tasks that include model development, validation, forecasting, reporting and presenting at governance committees.

Are You Someone Who

• Develops innovative, fit-for-purpose advanced analytical solutions to improve business efficiency and outcomes.
• Build, document, validate, implement and maintain statistical models (PD, LGD, EAD) and applicable processes to address specific business requirements and ensure relevance and accuracy in evolving business contexts.
• Plan and perform regular model updates that capture evolving business complexity in current models.
• Identify and commercialize untapped data opportunities to support strategic and revenue-generating initiatives.
• Reporting and monitoring of provision movements, along with required forecasting exercises.
• Drive process optimisation and automation of team processes.
• Collaborate and manage internal/ external audit engagements when required.
• Collaborate with stakeholders to identify and understand business problems, translate these into tangible models and translate technical outputs into business insights.
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement.
• Strong communication skills and ability to present clearly, concisely to both technical and non-technical audiences.
• Delivers high-quality, reliable outputs within set timelines—prioritizing accuracy, clarity, and impact
• Build collaborative relationships across departments to support operational delivery and strategic alignment.
• Act as a subject matter expert, assist junior analysts and contribute to knowledge-sharing communities.

We can be a match if you are

• Curious & courageous – you’re driven by always wanting to know more and learn more and you’re brave enough to take action.
• Obsessed with mastery – you know what it takes to become good at what you do and are constantly pushing yourself to achieve this.
• A team player – you believe in the power of teams, building and leveraging your networks.
• Emotionally intelligent – you are able to connect with people to build trust.

As a #Changeable you will have access to

• Opportunities to network and collaborate.
• Opportunities to innovate.
• Flexible working environment
• Focus on health and wellbeing.
• Coaches and mentors to help with your professional development.
• A very generous leave policy to cater for your individual needs.
• Preferential employee banking rates that include Vehicle and Home loans

Qualifications And Experience

• Minimum qualification: Bachelors degree in Mathematics, Statistics, Actuarial Science or related degree
• Experience: 6 - 8 years\' relevant Data Science experience within a Credit Risk environment essential
• Strong knowledge and experience of IFRS 9 regulatory framework
• Relevant experience in Impairments and Capital Provisioning is required
• End to end Impairment model development experience will be advantageous
• Proven experience of having validated, optimised or recalibration of Impairment models is essential
• Intermediate to advanced level proficiency in SAS
• Intermediate to advanced level of proficiency in SQL
• A keen interest in the relation between capital & provisions and financial reporting will be beneficial.

#Post

#FNB

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

07/02/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.