Model Risk Specialist

Boardroom Appointments; Johannesburg; In loco; ZAR 600.000 - 900.000; Part-time

Descrizione del lavoro

Boardroom Appointments in Johannesburg is seeking a quantitative risk professional to strengthen model risk validation and governance within a banking context. You will contribute to independent validation, reporting and governance across key risk/analytics domains.

The role emphasizes independent validation, corrective actions, and collaboration with stakeholders to ensure modelling best practices in a dynamic environment.

Competenze

• Bachelor's degree in Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar (Honours preferred).
• Up to 3 years of financial modelling, risk modelling and/or model validation experience in a banking context.
• Proficiency in SAS, SQL, Excel, Python and R.

Mansioni

• Perform model independent validation, reporting, and governance-presentations that contribute to management of model risk.
• Review and/or reperform model building processes.
• Document and communicate validation findings, corrective actions, and advise on model appropriateness.
• Apply risk-proportionate approach to different model validations.
• Assess adequacy of strategy, frameworks, policies and business processes in modelling practice.
• Present validation outcomes to designated committees and stakeholders.
• Improve processes through updates to frameworks and governance design.

Conoscenze

Financial modelling

Risk modelling

Model validation

Formazione

Bachelor's degree in Statistics

Bachelor's degree in Mathematics

Bachelor's degree in Quantitative Risk Management

Bachelor's degree in Engineering

Bachelor's degree in Actuarial science

Bachelor's degree in Data science

Strumenti

SAS

SQL

Excel

Python

R

Descrizione del lavoro

• Have completed a bachelors degree (Honours preferrable) in one of the following disciplines: Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar.
• Have up to 3 years of financial modelling, risk modelling and/or model validation experience within a banking context.
• Proficiency in programming languages that can include SAS, SQL, Excel, Python and R.

Experience with the following model types/usage advantageous:

• Group Treasury
• Credit risk regulatory capital and provisioning models
• Insurance
• Advanced Analytics

Responsibilities:

• Perform tasks that include model independent validation, reporting, presenting at governance committees, shaping of frameworks, researching methodologies, etc, that contribute to the management of model risk.
• Review and/or reperform model building process.
• Document and communicate independent validation findings, corrective actions and advise on model appropriateness
• Apply risk proportionate approach to different model validations.
• Assess the adequacy and/or best practice in strategy, frameworks, policies and business process alignment to modelling practice.
• Present to designated validations committee independent validation outcomes and corrective actions.
• Communicate effectively and maintain a good relationship with key stakeholders.
• Optimise processes through continuous updates to frameworks and governance design.