Bring your possibility to life! Define your career with us
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
Join a diverse team of dynamic model developers. We are looking for an experienced Model Development Manager with a background as a quantitative analyst developing PD, LGD and EAD models for Impairments (IFRS9) and Basel in a banking or consulting environment.
Job Description
- You will be responsible for managing the development and continuous enhancement of impairment (IFRS9) and Capital (Basel) models within a retail portfolio, contributing to the entire credit risk model build, implementation, and governance lifecycle.
- You will be leading a team of modelling analysts and your role will include mentoring, performance management, and technical upskilling.
- You will be accountable for ensuring that all activities and duties are carried out in full compliance with policies, procedures and regulations.
- You will also play an active role in providing directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers, and keep up with industry trends to ensure increased capacity to build impairment models.
- Your ability to effectively manage business stakeholders is key.
- A successful candidate will hold at least a degree in Mathematics, Actuarial Science, Statistics, Business Mathematics and Informatics (BMI) or a related field with a minimum of 5 years’ experience in credit risk model development in a retail environment with process and people management experience preferred.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (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
