Quantitative Analyst

NedBank; Johannesburg; On-site; ZAR 300,000 - 600,000; Full time

Job summary

An established industry player is seeking a Quantitative Analyst to enhance their risk management strategies. This role involves developing and maintaining best practice models while ensuring compliance with regulations. You will engage in analytical research, contribute to corporate responsibility initiatives, and improve business processes through data analysis. Ideal candidates will have a strong mathematical background, experience in Credit Risk, and proficiency in tools like SAS and Python. This is a fantastic opportunity to grow your career in a dynamic environment that values innovation and professional development.

Qualifications

• 1-3 years’ experience in Credit Risk or an Analytical environment.
• Strong mathematical and problem-solving ability is essential.

Responsibilities

• Contribute to the development of risk management models and assessment strategies.
• Support business strategy by providing analytical insights and recommendations.

Skills

Analytical Skills

Problem-Solving

Communication

Adaptability

Quantitative Skills

Education

B.Degree in Maths

B.Degree in Statistics

B.Degree in IT

B.Degree in Engineering

B.Degree in Finance

Tools

SAS

Python

Microsoft Office

Microsoft Excel

Job description

Requisition Details & Talent Acquisition Contact

REQ 134027 - Twanette Coetser

PIPELINE ADVERT

Cluster & Location

Total Business Banking and Retail - CDR

135 Rivonia Road, Sandton

Career Stream

Quantitative

Leadership Pipeline

Manage Self: Professional

Quantitative Analyst Job Purpose

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

• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Research and make recommendations for corporate citizenship initiatives in area of influence.
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
• Seek opportunities to improve business processes, models, and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Contribute to the development of differentiated, superior solutions (solution engineering) that meet stakeholder and business requirements through analysis.
• Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
• Ensure business needs are met by engaging and assisting business through face to face interaction and attendance at forums and committees.
• Assist the business to address queries by extracting and analysing data. Perform ad hoc analysis and complete data requests through monitoring of data as per client specification.
• Ensure continuity and knowledge base through documenting and recording processes and models.
• Provide insights enabling growth through analytical research, systems, and marketing insights by delivering analytical results and making recommendations to stakeholders.
• Ensure compliance to policy through data analysis and monitoring. Create efficiencies and streamline processes through analysis.
• Establish understanding of processes by bridging the gap between operational and analytical concepts through communication.
• Support the achievement of the business strategy, objectives, and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, processes, services and solutions are aligned.
• 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.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.
• Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.

Minimum Experience Level

• 1-3 years’ experience in Credit Risk or an Analytical environment.
• Previous Pricing experience is beneficial but not mandatory.

Preferred Qualification

• At least a B.Degree majoring in Maths, Statistics, IT, or Engineering.
• Possibly B.Degree in Finance if have good problem-solving skills and logic to program/code.

Technical Experience

• Modelling Techniques and Software.
• Strong Mathematical and problem-solving ability.
• SAS and Python.
• Data Validation.

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.

Behavioural Competencies

• Adaptability.
• Applied Learning.
• Earning Trust.
• Communication.
• Stress Tolerance.
• Driving for results.
• Continuous Improvement.
• Technical/Professional Knowledge and Skills.

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Please contact the Nedbank Recruiting Team at [phone]