Senior Financial Analyst: Financial Engineering

African Bank; Midrand; On-site; ZAR 500,000 - 750,000; Full time

Job summary

A leading financial institution in Midrand, Gauteng is seeking an experienced financial modeller to perform advanced statistical analysis and develop complex financial models for risk assessment and forecasting. The ideal candidate will have a strong background in finance, excellent problem-solving abilities, and proficiency with tools like SQL, Tableau, and Power BI. This position requires meticulous attention to detail and the ability to communicate complex financial concepts effectively.

Qualifications

• Ability to apply statistical methods to analyse financial data.
• Expertise in building and validating complex financial models.
• Proficiency in data manipulation and reporting tools.

Responsibilities

• Implement financial models for risk assessment and forecasting.
• Produce detailed reports on various risk exposures.
• Analyse large datasets to extract actionable insights.

Skills

Statistical analysis

Problem-solving

Risk management

Database proficiency (SQL)

Report writing

Programming and automation

Financial statement understanding

Data analysis

Communication skills

Presentation skills

Education

Bachelor’s Degree in Finance/Mathematics/Financial Engineering/Statistics

Tools

SQL

Tableau

Power BI

Excel

Job description

PURPOSE OF THE JOB:

To perform advanced financial modelling by developing statistical models that can be used to quantify the correlation between risk and overall portfolio dynamics (i.e. migrations, volume/balance transitions between the respective collections states, overall risk emergence, etc.); cash-flow forecasting on existing and expected new sales portfolios. Responsible for maintaining complex financial models and tools that support various banking operations, including risk management, asset valuation, and portfolio management. Ensure the automation, monitoring and governance checks of models, strategy, budget variances and operational key metrics.

MINIMUM EDUCATION AND EXPERIENCE:

• Bachelor’s Degree in Finance/ Mathematics/ Financial Engineering/ Statistics or related qualification.
• Ability to apply statistical methods and techniques to analyse financial data and model performance
• Ability to break down complex problems and develop strategic solutions
• Ability to identify, analyse, and resolve complex financial issues using logical and structured approaches
• Expertise in building, testing, and validating complex financial models for risk assessment, pricing, and forecasting
• Meticulous approach to verifying data, models, and results to ensure reliability and integrity
• Proficiency with database systems (e.g., SQL) and data manipulation tools
• Report writing skills
• Strong programming and automation skills
• Understanding IFRS9 modelling techniques including cash flow forecasting models include PD, EAD, LGD, EIR and Fair Value amongst others
• Understanding of Financial Statements
• Understanding of relevant labour laws, banking regulations, and compliance requirements

KEY RESPONSIBILITIES:

Portfolio Modelling and Simulation

• Implement financial models to support risk assessment, pricing, and forecasting
• Ensure the building and maintenance of IFRS, Fair Value and Economic Capital models
• Ensure that all models are aligned to IFRS and BASEL requirements
• Ensure models are up-to-date with current market conditions and regulatory requirements
• Ensure that all models are calibrated and approved by the Model Risk Committee in accordance with the requisite frequency
• Conduct back testing and stress testing
• Maintain and document changes made to the models
• Assess impact changes has on the models and overall ECL impact
• Ensure that model documentation is up to date and in line with minimum documentation standards
• Formulate and document findings/results in a timely, accurate and professional manner

Reporting, Attending and Presenting at Various Committees

• Providing senior management with monitoring reports that outline and detail model performance and stability
• Produce detailed reports on various risk exposures, including credit, market, operational, and liquidity risks
• Ensure that version control and best practice governance is adhered to at all times
• Report on Impairments monthly and ensuring that packs are produced in a transparent, easy to understand manner
• Formally present findings if and when needed at various committees
• Submit monthly constitution to the credit pack
• Communicate complex financial concepts and model outputs to non-technical audiences

Data analysis and Processes

• Analyse large datasets to extract actionable insights
• Interpret financial data to identify trends, opportunities, and potential risks
• Use tools like Tableau, Power BI, or Excel to create visual representations of data for clearer communication
• Create and maintain automated processes that:
• Gathers relevant data
• Ensures data accuracy
• Applies financial forecasting models at an account level
• Aggregates the results
• Generates reports, and
• Distributes results to all relevant parties
• Work with internal and external auditors in review processes and address any issues found timeously and accurately

Ad hoc

• Provide business stakeholder with guidance based on advanced modelling, if and when required, in order to ensure initiatives are rolled-out and managed effectively
• Conduct research on financial markets, instruments, and new modeling techniques
• Stay updated on industry trends and advancements in financial engineering