Senior Quantitative Risk Analyst: Model Innovation Leader

Placements24; Johannesburg; Hybrid; ZAR 1,800,000 - 2,400,000; Full time

Benefits offered by this job

Competitive salary

Bonuses

Medical and retirement benefits

Job summary

Placements24 is recruiting on behalf of a leading Johannesburg financial institution for a Senior Quantitative Analyst in the Financial Risk department. You will lead development of advanced models for credit, market, and operational risk and play a key role in regulatory compliance.

The role requires a Masters/PhD in a quantitative field, 6+ years of experience, and strong programming in Python/R/C++/Java, plus SQL.

Qualifications

• Master's degree or Ph.D. in a quantitative field with 6+ years in banking/finance.
• Proven ability to develop and validate risk models (credit/market/operational).
• Strong programming skills in Python, R, C++, or Java; SQL proficiency.
• Excellent analytical, communication, and presentation abilities; eligible to work in SA.

Responsibilities

• Develop, validate, and implement quantitative models for financial risk assessment (credit, market, operational).
• Perform complex statistical analysis and back-testing of models.
• Ensure compliance with regulatory requirements (Basel III/IV, IFRS 9).
• Collaborate with business units to translate risk needs into quantitative solutions.
• Prepare detailed documentation of models, methodologies, and assumptions.
• Present complex analytical findings to senior management and regulatory bodies.
• Mentor junior analysts and contribute to team development.
• Monitor model performance and implement necessary adjustments or re-calibrations.
• Stay abreast of industry trends, regulatory changes, and emerging quantitative techniques.
• Contribute to the strategic direction of the risk management function.

Skills

Quantitative analysis

Python

R

C++

Java

SQL

Derivatives

Regulatory frameworks

Communication skills

Education

Master's or PhD in Quantitative Finance/Math/Statistics/Physics

Job description

Placements24 is recruiting on behalf of a leading Johannesburg financial institution for a Senior Quantitative Analyst in the Financial Risk department. You will lead development of advanced models for credit, market, and operational risk and play a key role in regulatory compliance.

The role requires a Masters/PhD in a quantitative field, 6+ years of experience, and strong programming in Python/R/C++/Java, plus SQL.