Senior Quantitative Analyst

NedBank; Durban; Remote; ZAR 600,000 - 800,000; Full time

Job summary

A leading company in the financial services sector is seeking a Quantitative Analyst based in Durban. This role focuses on developing statistical models that enhance risk management strategies and compliance. You will collaborate with various stakeholders to prepare reports and facilitate data-driven decisions while participating in corporate responsibility initiatives that align with the company’s values.

Qualifications

• Minimum experience: 5 years as a Quantitative Analyst.
• Preferred qualification: Degree in Quantitative field (Commerce, Maths, Stats, etc.).
• Strong technical skills in SQL and Python required.

Responsibilities

• Develop and maintain models for risk management and strategic objectives.
• Monitor business performance and provide analysis.
• Collaborate with stakeholders throughout the model build process.

Skills

SQL

Python

Power BI

MS Office

Quantitative Skills

Education

Matric / Grade 12 / National Senior Certificate

Advanced Diplomas/National 1st Degrees

Degree in a Quantitative field

Tools

Microsoft Excel

Job description

Job Requisition Details

REQ#139900

Location: WFH/Durban based Highly Preferred

Closing Date: 15 June 2025

Talent Acquisition: Bongiwe Mchunu

Department

CVM Unsecured Models & Analytics

Career Stream

Quantitative - Investment Banking

Leadership Pipeline Manage Self: Professional FAIS Affected Job Purpose

To develop and maintain best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management and/or attainment of strategic objectives.

Job Responsibilities

• Build and formally present reports by monitoring business performance within the set risk appetite and through analysis.
• Report to; monitor and advise operational areas to manage trends through analysis for ad-hoc requirements.
• Manage client expectations by liaising with stakeholders through the model build process as well as the systems and strategy development process.
• Increase efficiencies through programming and automating processes.
• Enhance business efficiencies and ensure compliance through formal communications and interacting with external bodies.
• Challenge model builds from around the cluster through peer review participation and ensuring best practice.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Research and make recommendations for corporate citizenship initiatives in area of influence
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.. Green Strategy).
• Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
• Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
• Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
• Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
• Ensure continuity and record keeping through formal sign-off at forums and by creating documentation.
• Ensure data accuracy through data and front-end analysis; pre and post testing of system/strategy changes.
• Ensure business process consistency through formal communication; updating and maintaining policies.
• Ensure accuracy and feasibility through impact analysis for newly developed products.
• Review reporting and ensure accuracy through analysis and providing feedback.Providing advice to key operational areas ensuring optimal resource allocation and desired results through analysis and communication.
• Manage access and change control and ensure compliance by creating change logs and restricting/providing access.
• Take corrective action where risk is identified in any processes; models or reporting; through analysis and formal communication.
• Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
• Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction

Technical Skills Required

• SQL
• Python
• Power BI
• MS Office

People Specification Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Degree in a Quantitative field, Commerce, Maths, Stats, Actuarial Science or Engineering

Minimum Experience Level

• At least 5 years relevant experience as a Quantitative Analyst

Technical / Professional Knowledge

• Industry trends
• Microsoft Office
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Risk management process and frameworks
• Business writing skills
• Microsoft Excel
• Business Acumen
• Quantitative Skills

Behavioural Competencies

• Applied Learning
• Coaching
• Communication
• Collaborating
• Decision Making
• Continuous Improvement
• Quality Orientation
• Technical/Professional Knowledge and Skills

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Please contact the Nedbank Recruiting Team at [phone]