Senior Quantitative Analyst - Risk Management

Placements24; Randburg; On-site; ZAR 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Retirement contribution plan

Professional growth opportunities

Exposure to high-profile projects

Job summary

Placements24 is seeking a Senior Quantitative Analyst for our client in Randburg, Gauteng. The role focuses on developing and implementing advanced quantitative models to assess and mitigate financial risks across credit, market, and operational domains.

The ideal candidate holds an advanced degree (M.S. or Ph.D.) in a quantitative field, with 6+ years of hands-on risk modeling experience in finance, and strong programming skills in Python/R/C++/Java with SQL proficiency.

Qualifications

• Advanced degree (Master's or Ph.D.) in Mathematics, Statistics, Physics, Econometrics, or a related quantitative field.
• Minimum of 6 years of hands-on experience in quantitative analysis, specifically in risk management within the financial industry.
• Expertise in statistical modeling, time series analysis, machine learning, and stochastic processes.
• Proficiency in programming languages such as Python, R, C++, or Java, and database querying (SQL).
• Experience with risk management software and platforms.
• Deep understanding of financial instruments and markets.
• Strong analytical and problem-solving capabilities.
• Excellent report-writing and communication skills.
• Ability to translate complex quantitative concepts to non-technical audiences.
• Prior experience working within the Randburg, Gauteng area is advantageous.

Responsibilities

• Design, develop, and validate complex quantitative models for credit risk, market risk, and operational risk.
• Implement and maintain risk management systems and methodologies.
• Perform stress testing and scenario analysis to evaluate portfolio resilience.
• Analyze large datasets to identify risk patterns and correlations.
• Collaborate with business units to understand risk exposures and provide data-driven insights.
• Prepare technical documentation and reports for regulatory submissions and internal reviews.
• Stay abreast of the latest developments in quantitative finance, risk modeling, and regulatory frameworks.
• Mentor junior quantitative analysts and contribute to the team's knowledge base.
• Engage with auditors and regulators regarding risk models and methodologies.
• Contribute to the continuous improvement of risk management processes.

Job description

About the Role

Our client, a leading financial services provider, is seeking a highly skilled Senior Quantitative Analyst to join their established Risk Management division in **Randburg, Gauteng**. This pivotal role involves developing and implementing sophisticated quantitative models to assess and mitigate financial risks. The ideal candidate will possess a strong academic background in a quantitative discipline and extensive practical experience in risk modeling within the financial sector. This is an exceptional opportunity to work with a talented team and contribute significantly to the firm's stability and compliance efforts. The position requires a dedicated professional who thrives in a challenging, analytical environment. The role is firmly based in **Randburg, Gauteng**, offering proximity to key financial hubs.

Key Responsibilities

• Design, develop, and validate complex quantitative models for credit risk, market risk, and operational risk.
• Implement and maintain risk management systems and methodologies.
• Perform stress testing and scenario analysis to evaluate portfolio resilience.
• Analyze large datasets to identify risk patterns and correlations.
• Collaborate with business units to understand risk exposures and provide data-driven insights.
• Prepare technical documentation and reports for regulatory submissions and internal reviews.
• Stay abreast of the latest developments in quantitative finance, risk modeling, and regulatory frameworks.
• Mentor junior quantitative analysts and contribute to the team's knowledge base.
• Engage with auditors and regulators regarding risk models and methodologies.
• Contribute to the continuous improvement of risk management processes.

Requirements

• Advanced degree (Master's or Ph.D.) in Mathematics, Statistics, Physics, Econometrics, or a related quantitative field.
• Minimum of 6 years of hands-on experience in quantitative analysis, specifically in risk management within the financial industry.
• Expertise in statistical modeling, time series analysis, machine learning, and stochastic processes.
• Proficiency in programming languages such as Python, R, C++, or Java, and database querying (SQL).
• Experience with risk management software and platforms.
• Deep understanding of financial instruments and markets.
• Strong analytical and problem-solving capabilities.
• Excellent report-writing and communication skills.
• Ability to translate complex quantitative concepts to non-technical audiences.
• Prior experience working within the Randburg, Gauteng area is advantageous.

Benefits

• Highly competitive salary and bonus structure.
• Comprehensive medical, dental, and vision insurance.
• Generous retirement contribution plan.
• Significant opportunities for professional growth and skill development.
• Exposure to high-profile projects and advanced modeling techniques.
• A stable and reputable financial institution.
• Focus on employee well-being and continuous learning.
• Work environment located in a prime business district of Randburg, Gauteng.