Quantitative Analyst

Nedbank; Johannesburg; On-site; ZAR 420,000 - 560,000; Full time

Job summary

Nedbank is seeking a risk analytics professional to develop and maintain best practice risk models and assessment strategies in line with applicable regulations. You will contribute to world‑class risk management by delivering robust analyses, reports and models.

The role involves improving processes, automating tasks, and collaborating with teams to drive continuous improvement and transformation within Nedbank's risk framework.

Qualifications

• Matric/Grade 12/National Senior Certificate required.
• Advanced Diplomas/National 1st Degrees required.
• 3-year qualification in a mathematical related field (BSc, Engineering, CFA, FRM, CQF) preferred.
• 1-3 years of analytical experience; Basel Capital and IFRS 9 Impairments knowledge beneficial.
• Modelling experience preferred.

Responsibilities

• Build and present reports by monitoring business performance within the set risk appetite and through analysis.
• Increase efficiencies through programming and automating processes.
• Participate in analytics-based projects covering credit risk management areas (Credit Risk RWA, IFRS9 ECL, scorecards, models).
• Drive process improvements across the credit risk reporting landscape.
• Provide trend analysis and assurance on portfolio movements with interpretation.
• Collaborate and mentor within a high-performance team; participate in sprints and retrospectives.
• Support Nedbank culture initiatives and transformation goals.
• Identify opportunities to improve processes, models and systems by adding value to Nedbank.
• Ensure continuity and record keeping through formal sign-off and documentation.
• Ensure data accuracy through data and front-end analysis; pre/post testing of changes.
• Pursue training and career progression through feedback.

Skills

Business Acumen

Industry trends

Microsoft Office

Project management

Regulatory knowledge

Software and systems knowledge

Risk management frameworks

Business writing

Microsoft Excel

Quantitative skills

Trust & integrity

Communication

Stress tolerance

Results orientation

Technical knowledge

Education

Matric / Grade 12 / National Senior Certificate

Advanced Diplomas/National 1st Degrees

3-year qualification in Mathematical related BSc, Engineering, CFA, FRM, CQF

Job description

To contribute to the development and maintenance of best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management.

Job Responsibilities

• Build and formally present reports by monitoring business performance and operations within the set risk appetite and through analysis, as and when required.
• Increase efficiencies through programming and automating processes.
• Participate in analytics-based projects that cover different aspects of credit risk management, including Credit Risk RWA, IFRS9 ECL adequacy, scorecards, and models.
• Drive process improvements across the credit risk reporting landscape.
• Provide trend analysis and assurance on portfolio movements, with relevant investigation and interpretation.
• Contribute to a high-performance team culture and continuous improvement via collaboration, knowledge sharing, mentoring, sprint planning and retrospectives, daily scrums, and project participation.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Ensure continuity and record keeping through formal sign-off at forums and by creating documentation.
• Ensure data accuracy through data and front-end analysis; pre and post testing of system/strategy changes.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction.

Job Responsibilities Continue

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• 3-year qualification in a Mathematical related BSc,Engineering,CFA, FRM, CQF

Minimum Experience Level

• 1 - 3 years relevant experience in an analytical environment
• Preferred experience in understanding BaselCapital and IFRS 9 Impairments
• Preferred experience in modelling

Technical / Professional Knowledge

• Business Acumen
• Industry trends
• Microsoft Office
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Risk management process and frameworks
• Business writing skills
• Microsoft Excel
• Quantitative Skills
• Earning Trust
• Communication
• Stress Tolerance
• Driving for results
• Technical/Professional Knowledge and Skills

Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).