Quantitative Analyst: Pricing

Absa Group; Sandton; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A prominent South African bank in Sandton seeks a quantitative professional to enhance pricing application development. The candidate will provide support in pricing activities and engage with stakeholders to ensure alignment with financial goals. A minimum of a bachelor's degree in a quantitative field and at least 2-3 years of related experience are required. Ideal candidates will possess strong financial modeling skills and a solid understanding of banking products, with a clear focus on stakeholder collaboration.

Qualifications

• Minimum qualification in Quantitative, Applied Mathematics, Actuarial Science, or Econometrics.
• Preferred qualification includes Honors, Masters, CFA/FRM or studying towards these.
• 2-3 years of experience in quantitative financial modeling and analysis.

Responsibilities

• Provide advice and support in pricing activities for new products.
• Assist in data analysis for pricing insights.
• Support the development of pricing models and internal governance.

Skills

Analytical ability

Financial modelling

Stakeholder engagement

Quantitative analysis

Education

Bachelor's degree in Quantitative, Applied Mathematics, Actuarial Science, Econometrics

Tools

Data BI tools

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The purpose of the role is to play a key role around support and pricing function initiatives. Individual will assist with developing the pricing application for loan pricing from a quantitative perspective, will help to put together technical specifications for loan instruments for pricing application. Ensure the deals priced are in line with the overall risk adjusted return objectives of the business. Assist with the development and continual build out of pricing application including quantitative advise and support of instruments.

Job Description

• This role will provide advice & support in the development & implementation of pricing activities; enabling the provision of new products and investment portfolio pricing structures.
• Support across loan pricing products.
• Help with the management of pricing inputs in to determining pricing levels.
• Data BI to support decision making in the business areas supporting using data for pricing insights.
• Support the development of models and support internal model governance
• Support the facilitation of the optimization of value-aligned performance measures (risk adjusted return measures e.g. Return on Risk Weighted Assets, Return on Economic Capital based on the plans for the clusters)
• Analyze the impact of upcoming regulation that has the potential to impact the availability of financial resources from a loan pricing perspective.

Education

• Minimum qualification – Quantitative, Applied Mathematics, Actuarial Science, Econometrics.
• Preferred qualification – Honors, Masters, CFA/FRM or studying towards these qualifications.

Preferred Experience

• 2 /3 years of experience in quantitative, financial modelling, quantitative regulatory and/or financial analysis
• 3 years financial services exposure
• Must have experience engaging with senior Stakeholders
• Must have 3/4 years pricing experience

Knowledge and Skills

• Ability to build sound relationships with stakeholders
• Priorities the output of the team/self, ensuring delivery within deadlines.
• Ability to work well under pressure.
• Ability to absorb large volumes of information and identify the critical parts.
• Understanding complexity and cross-functional work.
• Very strong analytical and quantitative ability.
• Identifies and builds on financial resource efficiency opportunities.
• Have a good understanding and is up to date with relevant market and economic activity
• Strong financial modelling abilities and data analytics.
• Knowledge of banking products and related financial issues.
• Review and challenge existing / developing financial / statistical models.
• Ability to promote team spirit and culture.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised