Quantitative Risk Modeling Specialist - Cape Town

Placements24; Cape Town; On-site; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Discretionary bonus

Pension fund

Medical and dental coverage

Life insurance

Professional development

Job summary

Placements24 in Cape Town seeks a highly skilled Quantitative Analyst to join its Risk Management division. You will design, validate, and implement models for market, credit, and operational risk, leveraging advanced statistics and programming to assess exposures and drive decision making.

The role requires deep knowledge of financial instruments, derivatives, and risk metrics, with proficiency in Python, R, C++, Java, SQL, and machine learning techniques.

Qualifications

• Master's or PhD in a quantitative field such as Mathematics, Statistics, Physics, Computer Science, or Financial Engineering.
• 3+ years experience in a quantitative role within the financial services industry, with a focus on risk management.
• Strong programming skills in languages such as Python, R, C++, or Java.
• Proficiency with SQL and database management.
• In-depth knowledge of financial instruments, derivatives, and market dynamics.
• Expertise in statistical modeling, time series analysis, Monte Carlo simulations, and machine learning techniques applied to finance.
• Familiarity with Basel III/IV and their implications for risk modelling.
• Excellent analytical and problem-solving abilities, with a keen eye for detail.
• Strong communication skills for reporting to stakeholders.

Responsibilities

• Develop, validate, and implement quantitative models for risk assessment (VaR, CVA, stress testing).
• Analyze large datasets to identify patterns and risk exposures.
• Design automated reporting systems for risk metrics and limits monitoring.
• Collaborate with trading desks, PMs, and IT to integrate risk solutions.
• Back-test and conduct sensitivity analyses on models.

Skills

Python

R

C++

Java

SQL

Statistical modeling

Time series analysis

Monte Carlo simulations

Machine learning

Education

Master's degree

PhD

Job description

Placements24 in Cape Town seeks a highly skilled Quantitative Analyst to join its Risk Management division. You will design, validate, and implement models for market, credit, and operational risk, leveraging advanced statistics and programming to assess exposures and drive decision making.

The role requires deep knowledge of financial instruments, derivatives, and risk metrics, with proficiency in Python, R, C++, Java, SQL, and machine learning techniques.