Quantitative Analyst

Johannesburg, Gauteng, South Africa

Job Description


To develop and maintain best practice qualitative and quantitative analysitics and data assets that informs risk management strategies and processes in line with regulations and Nedbank standards.

Job Responsibilities

  • Build and formally present reports by monitoring business performance and operations within the set risk appetite and through analysis, as and when required.
  • Increase efficiencies through programming and automating processes.
  • Enhance business efficiencies and ensure compliance through formal communications and interacting with external bodies.
  • Participate in analytics-based projects that cover different aspects of credit risk management, including Credit Risk RWA, IFRS9 ECL adequacy, scorecards, and models.
  • Drive process improvements across the credit risk reporting landscape.
  • Provide trend analysis and assurance on portfolio movements.
  • Communicate insights and results to relevant committees / forums to facilitate improved measurement and management of risk.
  • Contribute to a high-performance team culture and continuous improvement via collaboration, knowledge sharing, mentoring, sprint planning and retrospectives, daily scrums, and project participation.
  • 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.
  • 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.
  • Ensure business process consistency through formal communication; updating and maintaining policies.
  • 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.
  • Take corrective action where risk is identified in any processes; models or reporting; through analysis and formal 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.
Essential Qualifications - NQF Level
  • Advanced Diplomas/National 1st Degrees
Preferred Qualification

Post graduate degree in Statistics/Mathematics, CFA/ FRM/CQF

Minimum Experience Level

2-5 years relevant experience in an analytical environment

Technical / Professional Knowledge
  • Business Acumen
  • Industry trends
  • Microsoft Office
  • Principles of project management
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge
  • Risk management process and frameworks
  • Business writing skills
  • Microsoft Excel
  • Quantitative Skills
Behavioural Competencies
  • Adaptability
  • Applied Learning
  • Earning Trust
  • Communication
  • Stress Tolerance
  • Driving for results
  • Continuous Improvement
  • Technical/Professional Knowledge and Skills


Please contact the Nedbank Recruiting Team at +27 860 555 566

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Job Detail

  • Job Id
    JD1291911
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Johannesburg, Gauteng, South Africa
  • Education
    Not mentioned