Senior Specialist: Quantitative Analyst (VP)

1001 Absa Bank; South Africa; Hybrid; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading financial institution in Johannesburg is seeking a Senior Specialist: Quantitative Analyst (VP) to execute model validations, lead a team of analysts, and ensure high-quality reporting. The ideal candidate will have a B.Sc. Honours/Master’s in a relevant field and at least 6 years of experience in risk modeling and analytics, along with proficiency in various programming languages. This role offers a hybrid work model and a commitment to diversity.

Qualifications

• Minimum 6 years’ experience in risk modelling, validation, or analytics.
• Strong technical quantitative skills and leadership experience.

Responsibilities

• Execute validation/monitoring ensuring timely information and adherence to standards.
• Supervise and assist analysts, review reports for quality.
• Maintain professional relationships and communicate findings effectively.

Skills

Risk modeling

Validation

Analytics

Leadership

Communication

Education

B.Sc. Honours/Master’s in Statistics, Econometrics, Mathematics, Actuarial Science

Tools

MS Excel

SAS

VBA

MATLAB

C++

R

Python

Job description

Senior Specialist: Quantitative Analyst (VP)

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Remote type: Hybrid

Location: Johannesburg

Time type: Full time

Posted on: Yesterday

Application deadline: August 22, 2025 (15 days left)

Job requisition ID: R-15978227

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

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

Job Summary

As a senior manager, you will perform model validations and lead other analysts in their validation work, in accordance with the model risk policy, framework, and standards for the specific model type.

Responsibilities include conducting validations on a diverse range of models, producing validation reports, negotiating findings, influencing continuous improvement, and guiding junior analysts. Models cover areas like Regulatory Capital, Economic Capital, impairments, pricing, behavioral, application, stress-testing, valuation, derivatives, insurance risk, etc., across all business units.

Key Responsibilities

1. Model Validation/Monitoring: Execute validation/monitoring following IVU process, ensuring timely information, adherence to standards, and high-quality, accurate reports.
2. Supervisory: Supervise and assist analysts, review reports, and ensure quality and timeliness of outputs.
3. Stakeholder Relationships: Maintain professional relationships, communicate findings effectively, and escalate issues proactively.
4. Technical and Product Knowledge Development: Develop expertise, stay updated on models and regulations, share knowledge, and promote best practices.
5. Behavioral Focus: Be objective, open-minded, supportive, risk-focused, and stakeholder-oriented.

Qualifications & Skills

• B.Sc. Honours/Master’s in Statistics, Econometrics, Mathematics, Actuarial Science, or related fields.
• Minimum 6 years’ experience in risk modelling, validation, or analytics.
• Proficiency in MS Excel, MS Office, and programming languages like SAS, VBA, MATLAB, C++, R, Python.
• Strong technical quantitative skills and leadership experience.

Additional Information

Absa Bank Limited is an equal opportunity employer. Preference will be given to candidates from designated groups to promote workforce diversity. The bank reserves the right not to fill the position if suitable candidates are not found.