Specialist:NCB & RRB Model Landscape

Job Requisition Details

REQ 137400

Closing Date: 21 February 2025

Talent Acquisition:  Precious Motlhako

Cluster and Location

Retail and Business Banking

Business Unit: Nedbank Commercial Banking and Retail Relationship Banking 

Johannesburg, Sandton

Hybrid

Career Stream

Leadership Pipeline

Job Purpose

To develop and maintain best practice models and assessment strategies in line with applicable regulations to facilitate best practice risk management and attainment of strategic objectives.  We are searching for a Specialist in Credit Risk Modelling with expertise in IFRS 9 and Basel regulations that will be tasked with data and analytics to support business, enabling analytics, development, implementation and maintenance of Capital and Impairment models and driving process and systems optimization.

Job Responsibilities

• Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
• Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• 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 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.
• 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).
   

Essential Qualifications - NQF Level

Preferred Qualification

• B Eng or quantitative equivalent e.g. B Com or BSC degree in Risk Management, Operational Research, Applied Mathematics, Statistics, Actuarial Science, Data Science, Financial Engineering, Computer Science.
• CFA/ FRM / PRM would be beneficial
• A post graduate degree in a quantitative field would be advantageous

Minimum Experience Level

4- 6 years relevant analytical experience in the financial industry with specific focus on Basel / IFRS9 modelling within Business Banking, Commercial Banking or Corporate Investment Banking

Technical / Professional Knowledge

Behavioural Competencies