Data Scientist II

FirstRand; Johannesburg; On-site; ZAR 400 000 - 500 000; Full time

Job summary

A leading financial institution in Johannesburg is seeking a Data Scientist II to develop and optimize innovative quantitative analytical methodologies. The role involves maintaining IFRS 9 and Regulatory Capital models, analyzing large datasets, and driving innovation in credit risk modelling. The ideal candidate will have a BSc in Actuarial Science or similar, 2–5 years of experience in credit risk modelling, and strong problem-solving skills. This position offers opportunities to collaborate, innovate, and enhance your analytical skills.

Benefits

Challenging Work

Opportunities to network

Engagement with subject matter experts

Qualifications

• 2–5 years in credit risk modelling.
• Knowledge of monitoring systems and platforms is essential.
• Ability to manage multiple stakeholders effectively.

Responsibilities

• Develop and maintain IFRS 9 and Regulatory Capital models.
• Analyze and interpret large datasets for model development.
• Drive innovation in credit risk modelling processes.

Skills

Data analytics

Problem-solving

Modeling experience

Education

BSc in Actuarial Science, Statistics, or equivalent quantitative degree

Tools

IFRS 9 modelling

Regulatory Capital modelling

Job description

Job Description: To plan, build, optimise and implement innovative quantitative analytical methodologies, procedures, products and advanced mathematical models that provide analytical support and interpret insights, to address business opportunities and problems and implement business strategy, with minimal guidance.

Hello Future Data Scientist II. Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

Responsibilities

• Develop and maintain IFRS 9 and Regulatory Capital models for retail credit portfolios.
• Structure, analyse, and interpret large datasets for model development and validation.
• Drive innovation and process optimisation within credit risk modelling.
• Collaborate with stakeholders across FNB Retail and manage external audit engagements when required.
• Build and maintain strong relationships within and outside the credit risk environment.
• Apply advanced analytical algorithms and methods to design, test, and implement robust models.
• Challenge and validate existing models to ensure accuracy and relevance of outputs.

Qualifications

• Education: BSc in Actuarial Science, Statistics, or equivalent quantitative degree.
• Experience: 2–5 years in credit risk modelling.
• Technical Skills:
  • IFRS 9 and Regulatory Capital modelling experience.
  • Strong data analytics and insights capability.
  • Knowledge of monitoring systems and platforms.
• Highly analytical with strong problem‑solving skills.
• Ability to manage multiple stakeholders and communicate effectively.
• Innovative mindset with a focus on continuous improvement.

Candidate Profile

• Adaptable and curious.
• Analyse complex data sets.
• Thrive in a collaborative environment.
• Projects and delivery focused.
• Curious & courageous – driven by always wanting to know more and learn more, and brave enough to pursue challenges.
• Obsessed with mastery – constantly pushing yourself to excel in what you do.

Benefits

• Challenging Work.
• Opportunities to network and collaborate with stakeholders at all levels of the organisation.
• Engage with subject matter experts to enhance and develop your skill set.
• Opportunities to innovate and use data analytics.

Are you interested to take the step? We look forward to engaging with you further. Apply now!

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below 19/01/26.

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.