Quantitative Analyst - Nedbank

Job Purpose

To develop and maintain best-practice qualitative and quantitative analytics and data assets that inform 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.
• 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, with relevant investigation and interpretation.
• Contribute to 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).
• Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• 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 change.
• Improve personal capability and stay abreast of developments in the field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Enable skilling and required corrective action to take place by sharing knowledge and industry trends with the team and stakeholders during formal and informal interactions.

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Minimum Experience Level

• 0 - 3 years relevant experience in an analytical environment

Essential Qualification

• Matric / Grade 12 / National Senior Certificate 
• Professional Qualifications/Honour’s Degree

Preferred Qualification

• Postgraduate degree in Statistics / Mathematics / Economics / Engineering / Informatics

Type of Exposure

• Analysing situations or data that requires an in-depth evaluation of multiple factors 
• Developing ways to minimize risks 
• Influencing stakeholders to obtain buy-in for concepts and ideas 
• Sharing information in different ways to increase stakeholders’ understanding 
• Working with a group to identify alternative solutions to a problem
• Interacting with diverse people 
• Building and maintaining effective relationships with internal and external stakeholders 
• Analysing and interpreting quantitative and qualitative data
• Conducting root cause analysis
• Technical / Professional Knowledge
• Industry trends 
• Microsoft Office (with strong Microsoft Excel capabilities)
• Relevant regulatory knowledge 
• Relevant software and systems knowledge (SAS/SQL/Python/R/Statistical Packages)
• Risk management process and frameworks 
• Business writing skills 
• Quantitative Skills
• Business Acumen 
• Behavioural Competencies
• Applied Learning 
• Communication 
• Collaborating 
• Continuous Improvement 
• Quality Orientation and Attention to Detail

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Technical/Professional Knowledge and Skills

• Accountability
• Commitment
• Analytical thinking 
• Self-starter
• Deadline driven
• Curiosity and flexibility
• Business acumen