OMF Quantitative Analyst

Old Mutual; Johannesburg; On-site; ZAR 350,000 - 500,000; Full time

Job summary

Old Mutual is seeking a Credit Risk Analyst to develop and monitor the Credit Originations strategy. The role involves analyzing and optimizing credit decision processes, conducting profitability analyses, and ensuring compliance with risk appetite guidelines. The ideal candidate will have relevant experience and a degree in a related field, with skills in data analysis and statistical methodologies.

Qualifications

• 1-3 years work experience in credit risk or banking.
• Degree in relevant field is required.
• Experience with R, SQL, MATLAB, SAS, or Python is advantageous.

Responsibilities

• Monitor and improve portfolios to enhance credit risk and profitability.
• Apply statistical methods to forecast portfolio growth.
• Automate reports for portfolio tracking and strategic impact.

Skills

Data Analysis

Statistical Analysis Techniques

Analytics Software

Business Intelligence (BI) Analysis

Education

Bachelors Degree in Stats/Math/Applied Maths/Financial Risk Management/Data Science/Engineering

Tools

R

SQL

MATLAB

SAS

Python

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

An exciting opportunity exists within the Credit Risk team for a Credit Risk Analyst. The role is responsible for the development, analysis, and monitoring of the Credit Originations strategy and includes optimisation of the credit decision, profitability analysis and portfolio segmentation.

This role includes responsibility for:

• scorecard cut-offs and banding,

• policy rules

• loan pricing and limit offer setting

• profitability analysis

• portfolio analysis and segmentation

• ensuring the new business portfolio performs within risk appetite

Key Result areas include:

Monitoring of the existing originations strategy with the intention of finding opportunities to improve portfolio credit risk and profitability, by:

• Refining the use of scorecards and policy rules in the origination decision

• Refining pricing and limit allocation to optimize volume and profitability trade-offs

• Identifying subsegments within the portfolio that may not perform in line with expectations and recommend an appropriate treatment

Apply sound statistical methods to forecast portfolio growth and credit performance at a cohort level

Automating and produce monthly, weekly and daily reports to track portfolio movements and the impact of any strategic changes

Presentation of analytical results and proposals to both technical and non-technical committees, providing commentary and recommendations as required

Requirements: Skills, Qualifications and Experience required:

• 1-3 years work experience in a credit risk environment/banking/retail credit risk

• Degree with Stats/Math/Applied Maths/Financial Risk Management/Data Science/Engineering or related disciplines

• R, SQL, MATLAB, SAS, or Python experience advantageous

Competencies:

• Checking things

• Developing expertise

• Examining information

• Documenting Facts

• Interpreting data

• Articulating Information

• Providing insights

• Producing output

Skills

Action Planning, Analytics Software, Budget Management, Business Intelligence (BI) Analysis, Computer Literacy, Data Analysis, Data Compilation, Data Controls, Data Interpretations, Data Modeling, Evaluating Information, Numerical Aptitude, Report Review, Solution Analysis, Statistical Analysis Techniques

Competencies

Business Insight Cultivates Innovation Manages Complexity Optimizes Work Processes Situational Adaptability Strategic Mindset

Education

Bachelors Degree (B) (Required)

Closing Date

18 June 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!