Quantitative Analyst

Job Requisition Details

REQ#137742

Location: Johannesburg, Gauteng

Closing Date: 31 January 2025

Talent Acquisition: Bongiwe Mchunu

Job Family

Quantitative - Investment Banking

Deparment

Unsecured Models and Analytics

Leadership Pipeline

FAIS Affected

Job Purpose

The role sits in the Unsecured Lending Pricing and Profitability space, where you will gain exposure in the following areas:

• Profitability Models: Develop and maintain profitability models to reflect an accurate view of new and existing client performance.
• Business Case Input: Provide input into business cases to support CVP updates and new product development.
• Pricing Tests: Develop, implement, and maintain pricing tests to improve understanding of client dynamics and sensitivities, aiming to enhance profitability while catering to client needs.
• Deep-Dives, Analysis, and Storytelling: Through a deep understanding of various profit levers and their primary and secondary influences, guide business and executives to take informed and appropriate action to track strategy, change strategy, and address business performance.
• Pricing/Fee/Offer Override Processes: Design and maintain pricing/fee/offer override processes to attract and retain critical and potentially rate-sensitive clients.
• Credit Policy Management: Proactively manage profitability by providing input into credit policies across Unsecured Lending products.
• Performance Tracking: Monitor and track the performance of the lending portfolios, ensuring sustainable and profitable unsecured loan granting.
• Pricing Enhancements: Optimize pricing and offer models to achieve profitability targets while maintaining competitive pricing for consumers.

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.
• Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
• Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis.
• Ensure product and/or solution design is congruent with the required business specifications through meeting stakeholder requirements timeously.
• Ensure business needs are met by engaging and assisting business through face to face interaction and attendance at forums and committees .
• Assist the business to address queries by extracting and analysing data.Perform ad hoc analysis and complete data requests through monitoring of data as per client specification.
• Ensure continuity and knowledge base through documenting and recording processes and models.
• Provide insights enabling growth through analytical research; systems and marketing insights by delivering analytical results and making recommendations to stakeholders.
• Ensure compliance to policy through data analysis and monitoring.Create efficiencies and streamline processes through analysis.
• Establish understanding of processes by bridging the gap between operational and analytical concepts through communication.
• Support 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

Preferred Qualification

• BCom or
• BSc or
• BEng 

Minimum Experience Level

• Coding, Modelling and Analysis
• Competent in SAS, SQL or Python
• 1+ years of experience in Credit Risk or Analytics

Technical / Professional Knowledge

Behavioural Competencies