Specialist: BCB Credit Risk Models

Nedbank

Johannesburg

On-site

ZAR 1,000,000 - 1,800,000

Full time

2 days ago

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Job summary

Nedbank's Credit Risk Modelling team in Johannesburg seeks a senior analyst to develop and maintain best practice risk models and assessment strategies in line with regulations. You will influence strategic decisions and work with stakeholders to deliver quantitative insights across business units.

With 10 years in financial services and a strong background in credit risk modelling or risk analytics, you will lead modelling initiatives, ensure data quality, and support green/ethical strategies

Qualifications

Bachelor’s degree or higher in a quantitative field.
10+ years in financial services with credit risk modelling or analytics.
Strong knowledge of risk management frameworks and data analysis.

Responsibilities

Contribute to transformation goals and strategic initiatives.
Research and recommend corporate citizenship initiatives.
Support and improve risk models and reporting processes.
Ensure design meets stakeholder requirements and delivers value.
Analyse data to update model assumptions and inform decisions.
Provide advice to operational areas for optimal resource allocation.

Skills

Quantitative skills

Risk analysis

Knowledge of risk

Systems knowledge

Industry trends

Technical/Professional Knowledge and

Coaching

Customer Focus

Decision Making

Earning Trust

Education

Bachelor's Degree in Mathematical/Statistical or related quantitative field

Advanced Diplomas/National 1st Degrees

Matric / Grade 12 / National Senior Certificate

Tools

Microsoft Excel

Microsoft Office

Relevant software and systems knowledge

Risk management frameworks

Job description

To develop and maintain best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk managementand attainment of strategic objectives. Provide input into strategic objectives and ensure delivery thereof.

Why Join Our Team

Join a high-performing Credit Risk Modelling team where your expertise will directly influence strategic decision-making across Business and Commercial Banking. This role offers the opportunity to develop innovative risk models, work with advanced analytical techniques, collaborate with key stakeholders, and contribute to impactful business outcomes while growing your professional capabilities in a dynamic and forward-thinking environment.

Job Responsibilities

Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
Research and make recommendations for corporate citizenship initiatives in area of influence
Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.. Green Strategy).
Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
Enable the realisation of the financial business benefits accruing including minimisation of operational costs by ensuring that solutions are implemented effectively.
Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
Enable the realisation of the financial business benefits accruing including minimisation of operational costs by ensuring that solutions are implemented effectively. . .
Ensure accuracy through analysis and research by updating model assumptions/parameters.Impact business strategy through collating data and by creating reports that serve as a strategic decision making tool.
Enhance business requirements by analysing data and monitoring processes.Ensure business process consistency through formal communication; updating and maintaining policies.
Providing advice to key operational areas ensuring optimal resource allocation and desired results through analysis and communication.
Take corrective action where risk is identified in any processes; models or reporting; through analysis and formal communication. Improve customer experience;create and maintain credit application strategies through data analysis.
Provide assistance to internal clients to manage
Credit Risk exceptions by analysing data upport the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction
Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.

Essential Qualifications - NQF Level

Matric / Grade 12 / National Senior Certificate
Advanced Diplomas/National 1st Degrees

Qualification

Bachelor's Degree in Mathematical/Statistical or a related quantitative field

Minimum Experience Level

Minimum 10 years' experience within the financial services industry with strong commercial/wholesale banking quantitative experience, specialising in credit risk modelling, risk analytics, or related analytical disciplines.

Technical / Professional Knowledge