Senior Quantitative Analyst – Credit Risk Modelling

Truffle; Gauteng; On-site; ZAR 800 000 - 1 000 000; Full time

Job summary

A leading financial institution is looking for a Senior Quantitative Analyst to shape credit risk models. You will lead projects on Probability of Default and Loss Given Default, collaborating with multiple teams. The ideal candidate has over 8 years of experience in quantitative analysis and expertise in programming languages like SAS and Python. This role is based in Gauteng, South Africa and offers competitive benefits.

Benefits

Competitive compensation

Qualifications

• 8+ years of experience in quantitative analysis or credit risk.
• Strong statistical and analytical skills essential.
• Leadership experience in project management.

Responsibilities

• Lead the design and development of IRB models.
• Manage end-to-end modelling projects.
• Collaborate across teams for model integration.

Skills

Quantitative analysis

Statistical expertise

Problem-solving

Education

Degree in Mathematics, Statistics, Economics, or Engineering

Tools

SAS

Python

R

MATLAB

Job description

Overview

Showing 13 Senior Quantitative Analyst Credit Risk Modelling jobs in Sandton

Posted today

Job Description

Introduction: Join a leading financial institution renowned for innovation and excellence in quantitative risk management. This is an exciting opportunity for an experienced quantitative professional to contribute to the development of world-class Internal Ratings-Based (IRB) models that drive capital adequacy and regulatory compliance. You'll play a key role in shaping best-in-class credit risk models and ensuring robust risk quantification across the organisation.

Role Responsibilities:

• Lead the design, development, and enhancement of IRB models, including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and credit portfolio models.
• Manage end-to-end modelling projects, ensuring quality, accuracy, and compliance with regulatory standards.
• Collaborate with validation, risk, finance, and business teams to ensure models are effectively integrated and operationally sound.
• Partner with data and technology teams to optimise model implementation, data integrity, and system integration.
• Mentor and provide modelling guidance to junior team members, fostering a culture of technical excellence and collaboration.
• Stay abreast of evolving regulatory requirements, industry trends, and emerging methodologies in credit risk and quantitative modelling.

Experience Requirements:

• Degree in a highly quantitative discipline such as Mathematics, Statistics, Economics, or Engineering (postgraduate qualification advantageous).
• 8+ years of experience in quantitative analysis or model development, ideally within credit risk or a related field.
• Strong statistical and analytical expertise, with proficiency in programming languages such as SAS, Python, R, or MATLAB.
• Solid understanding of Basel II and III frameworks, with knowledge of their application in a South African context.
• Demonstrated leadership in project delivery and the ability to mentor and upskill others.
• Excellent communication, problem-solving, and stakeholder engagement skills.

Education Requirements:

About Truffle: At Truffle, we specialize in connecting top actuarial and analytics professionals with exciting career opportunities. Join our network to access roles tailored to your expertise and ambitions — helping you grow your career while contributing to impactful work across the analytics and risk landscape.

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Specialist: Credit Risk and Governance

Posted today

Job Description

Empowering Africa's tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary: The Specialist: Credit Risk and Governance is responsible for ensuring effective risk management and governance practices within the organization. This role involves developing and implementing risk reporting frameworks, conducting risk assessments, and providing insights to senior management to support informed decision-making in BB Credit.

Job Description:

• Conduct regular risk assessments and control evaluations to identify potential risks and recommend mitigation strategies.
• Collaborate with various departments to ensure compliance with risk management policies and procedures.
• Prepare and present risk reports to senior management and relevant committees, highlighting key risk areas and trends. Leverage the available risk management systems and data analytics tools.
• Provide support on the process management risk monitoring and remediation, ensuring accurate reporting.
• Engage and coordinate audit requirements during reviews to ensure compliance and effective governance.
• Manage special projects to ensure successful execution and alignment with organizational goals.
• Perform governance and secretarial duties for the risk management forums such as the BB Credit, Watchlist and Impairments Committee, etc.
• Support the development and implementation of risk policies, frameworks, and methodologies.
• Monitor and report on the effectiveness of risk management practices and recommend improvements where necessary.
• Support the development and implementation of governance frameworks to ensure adherence to regulatory requirements and industry best practices.
• Provide training and guidance to staff on risk management and governance processes.

Education: Bachelor's degree and advanced diplomas: Risk Management, Economics, Finance, Business Administration, or a related field

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

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Regional Manager: Retail Credit Risk, Absa Regional Operations

Posted today

Job Description

Empowering Africa's tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary: To lead and direct the end-to-end management of credit risk for the countries and regional functional activities allocated. The total ARO Portfolio consists of 10 markets.

• Ensuring alignment with growth strategies, regulatory compliance, and effective governance.
• Provides group-independent oversight for retail risk and facilitates centre enablement services, including impairments, best practice standards, and oversight of management information, models, and capital allocation
• Leadership in retail credit risk across the account life cycle related to credit origination, portfolio management, recoveries and collections and loan loss provisioning
• Manage the allocated ARO Africa Retail Credit Risk portfolios and profile within its risk appetite and acceptable Group parameters.
• Develop a high performance culture in the country risk teams.
• Driving the development of the ARO Retail Credit Risk and Portfolio agenda and underpinning performance metrics/infrastructure in a multi-geography environment.
• Ensure that the in-Country Collections Operations are operationally capable of delivering on the business & credit risk strategies and key performance priorities including the strategic management, financial results and the risk management framework.

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Posted today

Job Description

Dreaming big is in our DNA. It's who we are as a company. It's our culture. It's our heritage. And more than ever, it's our future. A future where we're always looking forward. Always serving up new ways to meet life's moments. A future where we keep dreaming bigger. We look for people with passion, talent, and curiosity, and provide them with the teammates, resources and opportunities to unleash their full potential. The power we create together – when we combine your strengths with ours – is unstoppable. Are you ready to join a team that dreams as big as you do?

The key purpose of this role is to oversee the processing of information to ensure that the BSC operational excellence and customer service objectives are achieved; to ensure accurate reporting and appropriate governance of all elements contained in the balance sheet.

Key Roles and Responsibilities:

• Managing the health of all VOPS balance sheet accounts in terms of risk, ageing, validity of transactions within the accounts
• Preparation of monthly and annual General Accounting activities.
• Preparation of General Accounting, ensuring that journals are accurately and timeously uploaded and processed in Jean.
• Drive the reduction of manual journal entries (MJE) and maintain Jean tool sustainability.
• Manage payment of strategic suppliers through the FI payments process.
• Timely issue of sundry debtor invoices & statements to customers and following up with customers for payment within signed payment term.
• Responsible for payment allocation on payment receipts as well as matching & clearing of payments and invoices.
• Preparation of commentary on weekly and monthly age analysis on sundry debtors.
• Maintaining the master data of sundry debtors.
• Responsible for resolving customer queries through business escalation process.
• Administer and timeously clear all open items in SAP to ensure a healthy ageing status.
• Perform quality balance sheet reconciliations and reporting risks identified.
• Present and implement corrective action and preventive action for recurring process related issues.
• Adherence to General Ledger closure deadlines in accordance with management requirements.
• Help the team and Team Lead in identifying process improvements, excellence and process efficiency opportunities housed in working capital.
• Assist the team to meet weekly and monthly targets and all relevant SLA's and KPI's.
• Maintenance of role training documentation. Assisting in knowledge transfer to new employees within the role.
• Perform Root Cause analysis for recurring or high severity issues resulting in issue reduction.
• Identify automation opportunities to improve the way we operate and work closely with technology to leverage system functionalities to improve the process.
• Adhere to internal control protocols and provide information as required to internal and external audit and adherence and proper documentation for MICS and SOX.
• Provide visibility of balance sheet key challenges, risk and insights as well as journal risk items to senior management.
• Trouble shoot issues and share improvement ideas with Team Lead.
• To ensure accurate reporting and appropriate governance of all elements contained on the balance sheet.
• Support the Fixed Assets, Intercompany and General accounting teams to ensure compliance with agreed SLA.
• Prepare functional monthly balance sheet deck for presentation to senior management.
• Support external audit queries and AFS reporting as required.

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