Quantitative Analyst

Capitec Bank Limited; Stellenbosch; On-site; ZAR 700,000 - 900,000; Full time

Job summary

Capitec Bank Ltd. is seeking a Quantitative Analyst to join the Model Validation team.

You will work on end-to-end validations across multiple domains, take ownership of key deliverables, and build challenge models to ensure accuracy, reliability, and compliance of the bank’s models. The role requires 3–6 years of experience in credit scorecard development and a strong understanding of the credit lifecycle, with collaboration across technical and business teams to support risk management and

Qualifications

• 3–6 years’ experience in credit scorecard building, including developing, validating, and monitoring scorecards for credit risk applications/behaviour models or marketing purposes.
• Experience with data mining used for analyses and predictive modelling.
• Full understanding of the credit lifecycle.
• Strong analytical ability and attention to detail across multiple model types.

Responsibilities

• Validate models end-to-end across domains and take ownership of key deliverables.
• Build challenge models to ensure accuracy, reliability, and regulatory compliance of Capitec's models.
• Collaborate with modelling and business units to support sound risk management.

Skills

Scorecard development

Predictive modelling

Data mining

Credit risk

Education

Bachelor's Degree in Actuarial Science or Statistics

Honours Degree in Mathematics or Statistics

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:

Propel your career as a Quantitative Analyst at Capitec!

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 rightjobs.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.

About the role

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 Quantitative Analyst. In this role, you’ll work on end-to-end model validations across different domains, take ownership of key deliverables,and build challenge rmodels to ensure accuracy, reliability, and compliance of the bank’s models.

What we are looking for

• Proven 3-6 years’ experience incredit scorecardbuilding, including developing, validating, andmonitoring scorecards for credit risk application/behaviour models or marketing purposes.
• 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.

Qualifications (Minimum)

• Bachelor's Degree in Actuarial Science or Statistics

Qualifications (Ideal or Preferred)

• Honours Degree in Mathematics or Statistics

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