Senior Quantitative Analyst - Credit Risk Assurance

Requisition Details & Talent Acquisition Contact

REQ: 138871

Talent Acquisition Consultant: Lerato Sithole

Location: 135 Rivonia Road, Nedbank Head Office

Closing Date: 18 April 2025

Job Family Investment Banking Career Stream Quantitative Leadership Pipeline Manage Self: Professional Short Description

Are you a smart, driven, curious and collaborative quantitative analyst? Leverage your deep, technical credit risk knowledge to deliver lasting value in this challenging Group Risk role. You will be exposed to all aspects of credit risk across the Group, and you will provide assurance that the models, processes, data, and credit risk metrics are accurate and fit for purpose, while enhancing the functioning of the Credit Risk Assurance team. You will get your hands dirty while solving problems and will use your powers of persuasion to ensure that Nedbank develops and maintains world-class risk management capabilities.

Job Purpose

To provide assurance on, insight into, and optimisation of, bank-wide credit risk models, reporting, impairments and credit RWA. To perform business analysis, project management, process enhancement, automation engineering and solution design and implementation of credit risk projects across Group Credit Risk.

Job Responsibilities

The role provides in-depth exposure to the bank’s credit RWA calculation and reporting processes. Your work will be focused on the rules, systems and processes used for the bank’s regulatory credit risk reporting, and you will be required to interact with senior stakeholders on a regular basis.
You will perform many of the functions of a product owner, identifying system improvements and collaborating with business and IT stakeholders to describe, prioritize and drive implementation of system enhancements. You will develop controls and optimize processes to ensure the accuracy, efficiency, and timeous delivery of regulatory reporting to the SARB PA and other stakeholders.
The ideal candidate will blend excellent communication, report writing, project management, data analysis, regulatory expertise and general credit knowledge with solid technical skills to enhance processes, accuracy and efficiency for the calculation of credit RWA and related credit risk reporting and analysis for the entire group.
The role offers high visibility as recommendations, enhancements and status updates are tabled at board level committees, the South African Reserve Bank (SARB) and the bank’s internal and external auditors.
The team culture emphasizes development, especially of leadership and behavioral skills. Our focus is on automation and digitization, while our function provides insight and assurance into impairments, credit RWA, concentration risk, portfolio management, risk appetite, peer group analysis, financial disclosures, and various regulatory reports, all of which are presented to executive management and the Board. This provides opportunities for development and growth, and to develop an organization-wide reputation for excellence.
Job responsibilities include the following:

• Interpret regulatory reforms and assess the impact on credit risk parameters, processes, results, and reporting.
• Drive process improvements across the credit risk reporting landscape, including BA returns, ICAAP, Pillar III and Analyst Booklet reports.
• Provide trend analysis and assurance on portfolio movements.
• Identify opportunities for credit RWA optimization.
• Communicate insights and results to senior stakeholders to facilitate improved accuracy, efficiency, and management of credit risk.
• Be a subject matter expert and provide input and assistance in the interpretation, implementation and optimization of credit RWA regulations, as well as other related credit risk metrics.
• Project management of key deliverables, including coordinating the work and output of team members and contributors across the organization.
• Documentation of findings, recommendations, business requirements, and project updates. Preparing written communications to various stakeholders, including executive committees, the SARB, external auditors of the bank and the Board.
• Ad-hoc tasks, reports, deep dives, and responding to SARB queries.
• Contribute to a high-performance team culture via collaboration, knowledge sharing, mentoring, sprint planning and retrospectives, daily scrums, and project participation.
• Stay abreast of developments in your field of expertise, ensuring personal and professional growth.
• Understand and embrace the Nedbank vision and values, and lead by example.
• Provide assurance on credit RWA allocated across all products in the Group, including adherence to the applicable regulations, trend analysis and attribution.

Essential Qualifications- NQF Level

• Honours degree in mathematics/statistics/engineering with relevant experience
  

Preferred Qualification

• Relevant post-graduate quantitative qualification

Minimum Experience Level

• 4+ years risk analytics, modelling and management.
  

Technical/ Professional Knowledge

• Banks Act Regulations and Returns, including BA200, BA210, Pillar 3 reporting and Basel 3 Final Reforms
• Calculation of Credit RWA and Counterparty Credit Risk
• Statistical modelling skills
• Knowledge of IFRS 9 for the calculation of credit impairments is an advantage
• Understanding of credit modelling and rating process
• MS Office, particularly Excel (advanced user)
• Python, SAS and SQL
• Principles of financial reporting and reconciliations
• Business analysis: map processes, identify improvements, implement solutions including simple automation, system requirements, documentation, testing, change management.
• Data analysis including extracting and transforming data, creating data stores, extracting reports, and generating insights.
• Strong problem-solving skills, with experience in improving processes and automation.
• Execution skills including the able to design and implement effective and efficient solutions in a collaborative, constructive manner within tight deadlines.
• Excellent communication skills.

Behavioural Competencies

• Proactive
• Accountable
• Commitment
• Analytical thinking
• Self-starter
• Deadline driven
• Attention to detail
• Curiosity and flexibility

Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566