Manager Model Development

Absa Bank Limited; Johannesburg; On-site; ZAR 800 000 - 1 000 000; Full time

Job summary

A prominent banking institution in Johannesburg is seeking an experienced Model Development Manager to join their dynamic team. The successful candidate will be responsible for managing the development of credit risk scorecards, leading a team of analysts, and ensuring compliance with regulations. Candidates should possess at least a Bachelor's degree in Mathematics or a related field along with a minimum of 5 years' experience in credit risk model development, especially in a retail environment. This role offers an opportunity to contribute to a thriving financial institution committed to diversity.

Qualifications

• Minimum of 5 years' experience in credit risk model development.
• Experience in a retail banking environment.
• Process and people management experience preferred.

Responsibilities

• Manage the development and enhancement of credit risk scorecards.
• Lead and mentor a team of modelling analysts.
• Ensure compliance with policies and regulations.
• Enhance model building skills across the team.

Skills

Quantitative analytics

Credit risk scoring

Team leadership

Stakeholder management

Education

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

Job description

Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Join a diverse team of dynamic model developers. We are looking for an experienced Model Development Manager with a background in quantitative analytics and credit risk scoring in a banking or consulting environment.

Job Description

• You will be responsible for managing the development and continuous enhancement of credit risk scorecards within a retail portfolio, contributing to the entire credit risk model build, implementation, and governance lifecycle.
• You will be leading a team of modelling analysts and your role will include mentoring, performance management, and technical upskilling.
• You will be accountable for ensuring that all activities and duties are carried out in full compliance with policies, procedures and regulations.
• You will also play an active role in providing directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers, and keep up with industry trends to ensure increased capacity to build scorecards.
• Your ability to effectively manage business stakeholders is key.
• A successful candidate will hold at least a degree in Mathematics, Actuarial Science, Statistics, Business Mathematics and Informatics (BMI) or a related field with a minimum of 5 years’ experience in credit risk model development in a retail environment with process and people management experience preferred.

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required).

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised.