Model Validation Analyst (Financial Modelling)

Capitec Bank Ltd.; Stellenbosch; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A progressive bank in South Africa is seeking a Model Validation Analyst to work on end-to-end validations of financial models. The ideal candidate will have 3-6 years of experience in financial modelling, strong analytical skills, and a collaborative mindset. A degree in Mathematics or related field is required. Join a dynamic team dedicated to innovation and excellence in banking.

Qualifications

• 3-6 years’ experience in financial modelling, including pricing and capital modelling.
• Strong attention to detail when validating models.
• Ability to work collaboratively across teams.

Responsibilities

• Conduct end-to-end model validations across different domains.
• Ensure the accuracy, reliability, and compliance of the bank’s models.
• Engage with technical and business teams effectively.

Skills

Financial modelling

Analytical ability

Collaborative mindset

Education

Degree in Mathematics

Honours Degree in Data Science or related fields

Job description

Press Tab to Move to Skip to Content Link

Select how often (in days) to receive an alert:

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, pleaseclick here!

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

We appoint energized and motivated people for their potentialandcontinuously look fortalented, driven individualstohelp usinnovate 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 build a brand that we are proud of and 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 peopleto 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 theClient first, act withEnergy andtakeOwnership.And to support people in being their best,our Employee Value Propositionoffersevery value to all team members through cohesive teams, growth opportunities as well asemployee benefitsand savings. We make it a priority toensure that 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 a variety of domains, including 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. 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 LookingFor

Proven 3-6 years’ experience in financial modelling ( Forecasting and Stress Testing models) , particularly in pricing, capital modelling , or IFRS 9 provisions,

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 or Actuarial 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!

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

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