Regulatory & Financial Risk (RFR) - Credit Risk: Manager/ Senior Manager

myDeloitte; Midrand; Hybrid; ZAR 800,000 - 1,200,000; Full time

Job summary

A global consulting firm in Midrand seeks a detail-oriented Manager/Senior Manager in Regulatory & Financial Risk. The role focuses on developing credit risk models, validating them, and ensuring quality client deliverables. A BSc in a quantitative field and 5-8 years of relevant experience are essential. The firm promotes an inclusive culture while offering opportunities for technical upskilling and leadership development.

Benefits

Technical upskilling programs

Leadership development initiatives

Qualifications

• 5-8 years of credit experience in banking or consultancy.
• Retail credit risk experience preferred.
• Understanding of audit and advisory business interactions.

Responsibilities

• Development and calibration of credit risk models.
• Model validation, monitoring, and testing.
• Communicating project challenges with clients.

Skills

Financial modeling

Programming skills in SAS, VBA, Matlab, R, Python

Leadership skills

Strong analytical skills

Excellent communication skills

Education

BSc in Mathematics, Statistics, Quantitative Analysis, Financial Engineering, or Actuarial Science

Job description

Regulatory & Financial Risk (RFR) - Credit Risk: Manager/ Senior Manager

• Full-time

At Deloitte, our Purpose is to make an impact that matters for our clients, our people, and society. This vision guides our global strategy, uniting Deloitte professionals across geographies, businesses, and skills to enhance our effectiveness and deliver on our promises to stakeholders, creating lasting impact.

With over 450,000 people across more than 150 countries, our size and scale enable us to help change the world for the better through our services, societal investments, and collaborations.

Deloitte offers career opportunities in Internal Client Services, Audit & Assurance (A&A), Tax & Legal (T&L), and our Consulting divisions, which include Strategy, Risk & Transactions Advisory (SR&T) and Technology & Transformation (T&T).

Are you ready to apply your knowledge to new challenges? This is your chance to advance your career from learning to leadership.

About the Division

Regulatory & Financial Risk (RFR) is a leading advisor in the financial services industry, aiming to be the top provider of advisory services to financial institutions and corporate treasury operations across Africa. Our services include credit, market, and treasury risks; financial instrument valuations; hedge accounting; and financial technology. We operate in advisory, assurance, managed solutions, and resource augmentation capacities. We also assist clients with regulatory compliance related to IFRS 9, 13, 17, Basel, and more. Our team includes accountants, actuaries, statisticians, and quantitative analysts with expertise in financial modeling and coding.

Our client base spans the financial sector and other industries like telecoms, retail, and healthcare, both locally and internationally. The RFR Credit team offers services such as:

• IFRS 9 Impairment Models (development, refinement, validation, and audit)
• Regulatory and Economic Capital Credit Models
• Scorecards and Analytics
• Design, Development, and Implementation of Credit Monitoring Frameworks
• Collections Optimization
• Strategy and Risk Appetite Statements
• Secondments

We support a hybrid working model with regular social interactions. We invest in technical upskilling and leadership development, embrace diversity and inclusion, and strive for greater gender and racial equality within RFR and Deloitte.

What Impact will you make?

Your work will have a meaningful impact daily, within a culture of inclusion, collaboration, and high performance. Deloitte offers unmatched opportunities for success and full potential realization.

To support the FS Advisory Credit Risk Team in delivering services to clients at their premises on delegated engagements and projects, including:

• Development and calibration of credit risk models
• Model validation, monitoring, and testing
• Benchmarking credit metrics against market peers
• Deriving portfolio credit analytics
• Reviewing client deliverables for quality, accuracy, and completeness
• Communicating project challenges and outcomes with clients and team members
• Drafting project reports
• Sharing knowledge and skills with colleagues

Minimum Qualifications and Experience:

• BSc in Mathematics, Statistics, Quantitative Analysis, Financial Engineering, or Actuarial Science
• Experience in financial modeling, including PD, EAD, LGD, Basel II, and IAS39
• Experience in building and developing IFRS 9 models
• Knowledge of financial services regulations like Regulation 23, IAS39, IFRS 9 (intermediate level)
• 5-8 years of credit experience in banking or consultancy
• Retail credit risk experience preferred
• Programming skills in SAS, VBA, Matlab, R, Python
• Understanding of audit and advisory business interactions, strategy, and challenges
• Experience providing strategic insights to partners
• Strong industry and business knowledge
• Leadership skills and ability to interpret and implement strategy
• Experience managing complex projects within time and budget constraints
• Proficiency in professional presentation delivery
• Solid financial knowledge and excellent communication skills
• Strong interpersonal, mentorship, and client delivery skills
• Adaptability, problem-solving, and business acumen

We promote an inclusive workplace where everyone can be themselves and thrive, respecting diversity and providing accommodations for persons with disabilities. We are committed to building an inclusive environment across Africa.

Note: This document's tasks and responsibilities are not exhaustive. Deloitte may assign additional duties within the role's scope based on operational needs.

Please do not share bank or credit card details when applying. Deloitte does not charge candidates for recruitment processes, and no agency working with Deloitte will ask for a fee.

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