Model Validation Analyst (Decision Science)

Capitec Bank Ltd.; Stellenbosch; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading bank in South Africa is seeking a Model Validation Analyst to join their team. In this role, you will validate and monitor models related to risk management and compliance, supporting the bank's commitment to accurate financial decision-making. Ideal candidates have 3-6 years of experience in scorecard development and a strong analytical background. This position offers an opportunity to help innovate and evolve banking solutions.

Qualifications

• 3-6 years’ experience in scorecard building.
• Experience with predictive modelling.
• Full understanding of the credit lifecycle.

Responsibilities

• Ensure accuracy and governance of models.
• Collaborate with business units for validation.
• Build challenger models for accuracy.

Skills

Scorecard building

Data mining

Analytical ability

Collaboration

Education

Degree in Mathematics, Statistics, Actuarial Science, or Data Science

Honours Degree in preferred fields

Job description

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We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2. Once you have completed the above, finalize your application by clicking apply below.

We appoint energized and motivated people for their potential and continuously look for talented, driven individuals to help us innovate and evolve. That is why we focus on finding the right people for the right jobs. We love what we do because we focus on making a positive difference for our clients and employees. Our company DNA is built around talented and committed teams dedicated to building a brand that we are proud of and that earns the trust of our clients.

Who We Are

We are a bank, but we’re much more than that. We believe that banking is about enabling people to control their financial lives through banking that is simplified, accessible, affordable, and delivered through personal experience. By helping our clients manage their financial lives better, we enable them to live better.

Why Choose Us

At Capitec, we offer our best by living up to our CEO values in every situation – we always put the Client first, act with Energy, and take Ownership. To support our people in being their best, our Employee Value Proposition offers every value to all team members through cohesive teams, growth opportunities, as well as employee benefits and savings. We prioritize making sure each member of the Capitec team feels welcome, valued, focused, and has the opportunity to grow.

About The Role/Team

The Model Validation team provides assurance on the accuracy, robustness, and governance of models across Capitec. The unit plays a central role in supporting sound risk management, financial decision-making, and regulatory compliance. Our work spans credit risk, finance, capital modelling, and fraud detection. The team collaborates closely with modelling and business units, offering technical challenge and validation expertise to ensure models remain fit-for-purpose in an evolving environment.

We are seeking a skilled professional to join our team as a Model Validation Analyst (Decision Science). In this role, you’ll work on end-to-end model validations across different domains, take ownership of key deliverables, and build challenger models to ensure accuracy, reliability, and compliance of the bank’s models.

What We Are Looking For

• Proven 3-6 years’ experience in scorecard building, including developing, validating, and monitoring scorecards for credit risk application/behavior models or marketing purposes. This experience will be used in the role to challenge models presented to the team and to build challenger models.
• Experience with data mining used for analyses and predictive modelling.
• Full understanding of the credit lifecycle.
• Strong analytical ability, with attention to detail and the ability to work across multiple model types.
• A collaborative mindset with the ability to engage effectively across technical and business teams.

Education

Minimum: Degree in Mathematics, Statistics, Actuarial Science, or Data Science.

Ideal or Preferred: Honours Degree in Data Science, Statistics, Mathematics, or Actuarial Science.

If you are interested in being part of this dynamic team, on a mission to build the best bank in the world through unlocking the potential of its people, please apply. We would love to hear from you!

Conditions of Employment

• Clear criminal and credit record

Capitec is committed to diversity; applications to this position will strictly be considered in support of our employment equity goals.

Capitec Bank is an authorized financial services provider (FSP 46669) and registered credit provider (NCRCP13). Capitec Bank Limited Reg. No: 1980/003695/06