Specialist: Quantitative Analyst

Absa Group; Johannesburg; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

Absa Bank Limited in Johannesburg seeks a quantitative analytics specialist to support the development and implementation of IFRS9 and regulatory capital models. You will apply SAS coding and statistical methods to refresh and build models, ensuring governance and documentation per Absa requirements.

Engage stakeholders across the bank, explain model updates, and assist with testing and handover to the implementation team while contributing to sound product development analytics.

Qualifications

• Statistics/Mathematics or similar.
• SAS programming proficiency
• Years of experience: 1 - 5 years
• Education: Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (Required)
• Absa Bank Limited is an equal opportunity, affirmative action employer.

Responsibilities

• Develop IFRS9 and/or Regulatory Capital models in-house through sound methodologies and statistical analysis.
• Enhance/refresh existing models; ensure data quality and accuracy.
• Provide documentation for model builds and governance requirements.
• Answer technical questions and support testing during model implementation.
• Communicate model updates to stakeholders and ensure proper handover.

Skills

SAS programming

Statistical analysis

Model development

Stakeholder management

Education

Bachelor Honours Degree: Actuarial Science

Bachelor Honours Degree: Applied Mathematics

Bachelor Honours Degree: BMI – Business Management and Informatics

Bachelor Honours Degree: Mathematics

Bachelor Honours Degree: Statistics

Tools

NONE

Job description

Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

To provide specialist advice and support in the development and implementation of quantitative analytics, planning and associated service delivery processes, methods and techniques; enabling the provision of sound product development expertise.

Job Description

Accountability: Model development Develop IFRS9 and/or Regulatory Capital models in-house through sound methodologies and statistical analysis. Enhancing / refreshing existing models already in place. Proficiency in SAS coding is essential. Updating models to reflect latest forecasted macro-economic factors; and communicating this impact. Testing that model build data is of sufficient quality and completing statistical data analysis to ensure this. Producing detailed model build documentation. Assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and with testing (comparing implementation results with documented model) to ensure the model is implemented correctly Develop theoretical understanding and practical application of models. Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy. This includes responding to Independent Review questions and reworking the model build to resolve issues raised. Provide detail around the appropriateness of models. Perform and report impact analysis, including that of model updates. Work in a manner that allows models to easily be revisited or handed over.

Accountability: Stakeholder management Actively engage stakeholders (model users, validation team, monitoring team, regulators) to be fully engaged in process and delivery through email discussions, group meetings and one-on-one discussions. Present impacts of model updates / model refreshes. Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas. Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions. Explaining methodologies and data feeds to stakeholders when needed. Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback. Interact with Credit teams when details of their operational processes is required to understand the data / incorporate into the model methodology.

Accountability: Consultancy Share insights on the models for which you are responsible for. E.g., on the data used to build the model, drivers of the model, methodology, etc. Perform analysis on models to understand impacts, changes, etc.

Accountability: Governance and Adherence Familiarise yourself with Absa’s internal Model Risk Governance requirements and relevant Standards. Familiarise yourself with the regulations which govern model methodologies. Ensure that work which is performed adheres to the above.

Qualifications

Statistics/Mathematics or similar.

• Bachelor Honours Degree: Actuarial Science, or
• Bachelor Honours Degree: Applied Mathematics, or
• Bachelor Honours Degree: BMI – Business Management and Informatics, or
• Bachelor Honours Degree: Mathematics, or
• Bachelor Honours Degree: Statistics

SAS programming proficiency

Years of experience: 1 - 5 years

Education Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer.

In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

At Absa, our story is not a single narrative. It’s thousands of individual journeys unfolding across Africa and beyond. From colleagues serving customers in local communities to teams shaping financial solutions across borders, Absa is built on people who bring their lived experiences, ambitions and perspectives into the workplace every day. Whether you’re starting your career, a seasoned leader or somewhere in between, your contribution is seen, valued and connected to something bigger. Our presence across Africa – which spans personal and business banking, corporate and investment banking, wealth and investment management, and insurance – exists because of the people who show up in their roles with purpose. Across Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia, our colleagues are shaping what Absa becomes in each market. Beyond the continent, teams in global offices and a technology hub support and extend the stories that prove that African talent can lead, influence and innovate on the global stage. At Absa, your story matters because progress is driven by human experience, not hierarchy. When people are enabled to bring their whole selves to work, they don’t just build careers. They help shape the future of Africa’s financial services landscape.