Senior Quantitative Risk Modeler - Cape Town

Placements24; Cape Town; On-site; ZAR 1,800,000 - 2,800,000; Full time

Benefits offered by this job

Competitive pay

Bonus program

Medical & retirement

Professional development

Cape Town base

Job summary

Placements24 invites a seasoned Quantitative Risk Manager to join their risk management team in Cape Town. You will design, implement, and validate advanced models to measure market, credit, and operational risk, reporting to senior management.

Required are 7+ years in Banking & Finance, strong programming skills (Python, R, C++, MATLAB) and deep regulatory knowledge, including Basel III/IV, with a drive to strengthen the firm’s risk framework in a dynamic SA market.

Qualifications

• Master's or Ph.D. in a quantitative discipline such as Mathematics, Statistics, Physics, Financial Engineering, or a related field.
• Minimum of 7 years of experience in quantitative risk management or a closely related field within Banking & Finance sector.
• Proven expertise in developing and implementing quantitative models for risk assessment (e.g., VaR, Expected Shortfall, credit scoring, pricing models).
• Strong programming skills in languages such as Python, R, C++, or MATLAB.
• Familiarity with Basel III/IV regulatory requirements.

Responsibilities

• Design, develop, validate, and implement quantitative risk models for market risk, credit risk, and operational risk.
• Conduct stress testing and scenario analysis to assess the impact of adverse market conditions on the firm’s portfolio.
• Develop and maintain risk metrics, KRIs, and risk dashboards for senior management and regulatory reporting.
• Collaborate with trading desks, portfolio managers, and business lines to understand risk drivers and implement risk mitigation strategies.
• Ensure compliance with Basel III/IV and internal risk policies.
• Perform ad-hoc quantitative analysis and research to support risk management initiatives.
• Validate third-party risk models and data sources used within the risk management framework.
• Stay updated on developments in quantitative finance, risk management techniques, and regulatory landscape.
• Contribute to the firm’s risk appetite statement and framework.
• Present complex quantitative findings to technical and non-technical audiences.

Skills

Quant models

VaR/ES

Python

R

C++

MATLAB

SQL

Basel knowledge

Education

Master's or PhD in quantitative field

Tools

Python

R

C++

MATLAB

Job description

Placements24 invites a seasoned Quantitative Risk Manager to join their risk management team in Cape Town. You will design, implement, and validate advanced models to measure market, credit, and operational risk, reporting to senior management.

Required are 7+ years in Banking & Finance, strong programming skills (Python, R, C++, MATLAB) and deep regulatory knowledge, including Basel III/IV, with a drive to strengthen the firm’s risk framework in a dynamic SA market.