Senior Quantitative Analyst

Job Requisition Details

REQ: 137887

Closing Date: 27 February 2025

Talent Acquisition: Precious Motlhako 

Cluster and Location

Retail and Business Banking 

Johannesburg, Sandton

Hybrid

Career Stream

Leadership Pipeline

Job Purpose

To develop and maintain best practice IFRS9 reporting models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management and/or attainment of strategic objectives

Job Responsibilities

•    Monthly execution of IFRS9 ECL reporting, which entails data preparation, model execution and reporting pack completion.
•    Formally present monthly IFRS9 results through the governance structure.
•    Manage client expectations by liaising with stakeholders through the reporting process.
•    Ensure continuity and record keeping through formal sign-off at forums and by creating documentation.
•    Ensure data accuracy through data and front-end analysis; pre and post testing of system/strategy changes.
•    Take corrective action where risk is identified in any processes; models or reporting; through analysis and formal communication.
•    Increase efficiencies through programming and automating processes.
•    Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
•    Build and formally present reports by monitoring business performance within the set risk appetite and through analysis.
•    Report to; monitor and advise operational areas to manage trends through analysis for ad-hoc requirements.
•    Enhance business efficiencies and ensure compliance through formal communications and interacting with external bodies.
•    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).
•    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.
•    Ensure business process consistency through formal communication, updating and maintaining policies.
•    Ensure accuracy and feasibility through impact analysis for newly developed products.
•    Review reporting and ensure accuracy through analysis and providing feedback. Providing advice to key operational areas ensuring optimal resource allocation and desired results through analysis and 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.

Job Responsibilities Continue

Essential Qualifications - NQF Level

Preferred Qualification

3-year qualification in a Mathematical related BSc, Engineering, CFA, FRM, CQF

Minimum Experience Level

4-6 years relevant experience in an analytical environment

Preferred experience in understanding Basel Capital and IFRS 9 Impairments 

Preferred experience in modelling

Preferred experience in secured lending products

Technical / Professional Knowledge

Behavioural Competencies