23 Model Development jobs in South Africa

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

Job Description

• Develop and monitor IFRS9 and/or Regulatory Capital models in-house ,PD, LGD or EAD models or scorecard models through sound methodologies and statistical analysis.
• Enhancing / refreshing existing models already in place.
• Proficiency in SAS coding is essential.
• Updating models to reflect latest forecasted macro-economic factors; and communicating this impact.
• Testing that model build data is of sufficient quality and completing statistical data analysis to ensure this.
• Producing detailed model build documentation.
• Assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and with testing (comparing implementation results with documented model) to ensure the model is implemented correctly
• Develop theoretical understanding and practical application of models.
• Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy. This includes responding to Independent Review questions and reworking the model build to resolve issues raised.
• Provide detail around the appropriateness of models.
• Perform and report impact analysis, including that of model updates.
• Work in a manner that allows models to easily be revisited or handed over.

Accountability: Stakeholder management

• Actively engage stakeholders (model users, validation team, monitoring team, regulators) to be fully engaged in process and delivery through email discussions, group meetings and one-on-one discussions.
• Present impacts of model updates / model refreshes.
• Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
• Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
• Explaining methodologies and data feeds to stakeholders when needed.
• Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
• Interact with Credit teams when details of their operational processes is required to understand the data / incorporate into the model methodology.

Accountability: Consultancy

• Share insights on the models for which you are responsible for. E.g., on the data used to build the model, drivers of the model, methodology, etc.
• Perform analysis on models to understand impacts, changes, etc.

Accountability: Governance and Adherence

• Familiarize yourself with Absa’s internal Model Risk Governance requirements and relevant Standards.
• Familiarize yourself with the regulations which govern model methodologies.
• Ensure that work which is performed adheres to the above.

Qualifications

• Statistics/Mathematics or similar. · Bachelor Honours Degree: Actuarial Science, or · Bachelor Honours Degree: Applied Mathematics, or · Bachelor Honours Degree: BMI – Business Management and Informatics, or · Bachelor Honours Degree: Mathematics, or · Bachelor Honours Degree: Statistics
• SAS programming proficiency
• Years of experience: 3 - 5 years

Education

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

Location: ZA, GP, Johannesburg, 30 Baker Street

To develop, apply and enhance specialist techniques and mathematical / statistical models, such as time series forecasting, regression analysis and multivariate statistics, to evaluate past and current financial performance, forecast trends, identify opportunities, anticipate risks and enable effective decision-making for Standard Bank Group. Optimise forecasting and scenario analysis capabilities and collaborate with Finance technology to define and build the required technical architecture.

Qualifications

Type of Qualification: First Degree

Field of Study: Information Studies, Mathematical Sciences, Quantitative Studies

Experience Required

Financial Insights & Analytics

Finance & Value Management

8-10 years experience with applying statistical techniques to solve business problems.

Experience with MS Office (Word, Access, Excel, PowerPoint, Outlook) required. Experience with programming languages such as Python, DAX or similar required. Experience with R would be beneficial. Practical experience in enterprise-wide or business unit-specific risk model development. Experiences with applying statistical techniques such as regression, ANOVA, cluster analysis, factor analysis, time series forecasting.

Location: ZA, GP, Johannesburg, 30 Baker Street

To develop, apply and enhance specialist techniques and mathematical / statistical models, such as time series forecasting, regression analysis and multivariate statistics, to evaluate past and current financial performance, forecast trends, identify opportunities, anticipate risks and enable effective decision-making for Standard Bank Group. Optimise forecasting and scenario analysis capabilities and collaborate with Finance technology to define and build the required technical architecture.

Qualifications

Type of Qualification: First Degree

Field of Study: Information Studies, Mathematical Sciences, Quantitative Studies

Experience Required

Financial Insights & Analytics

Finance & Value Management

8-10 years experience with applying statistical techniques to solve business problems.

Experience with MS Office (Word, Access, Excel, PowerPoint, Outlook) required. Experience with programming languages such as Python, DAX or similar required. Experience with R would be beneficial. Practical experience in enterprise-wide or business unit-specific risk model development. Experiences with applying statistical techniques such as regression, ANOVA, cluster analysis, factor analysis, time series forecasting.

Job Overview

Business Segment: Personal & Private Banking

Location: ZA, GP, Johannesburg, Baker Street 30

To ensure the optimal development, enhancement, deployment, maintenance and monitoring of high quality and effective impairment models within the PBB SA Capital and Impairment Model Development team. Managing Capital and Impairments Models team members (specialists) and engaging with Credit and Finance management to ensure: appropriate allocation and direction of resources; alignment to business priorities; monitoring and tracking of model performance; required governance of model changes; and adherence to accounting and Reserve Bank regulations.

Qualifications

• Completed Matric
• Honours Degree in Mathematical Sciences
• Actuarial Science; Computer/Data Science/Analytics; Mathematical Statistics; (Applied/Financial) Mathematics; Quantitative Risk Management; (Applied) Statistics.
• Masters Degree in Mathematical Sciences

Experience

• 5 - 7 years experience with data mining and retail credit risk modelling. Technical model development and implementation experience in the banking sector. Experience in building PD, LGD and EAD models end-to-end, through to implementation. Understanding of the use and impact of impairment models in retail banking or a retail lending environment. Understanding of the purpose and operation of impairment models. Strong communication skills, particularly in conveying technical concepts to a non-technical audience.

Business Segment: Personal & Private Banking

Location: ZA, GP, Johannesburg, 30 Baker Street

To ensure the optimal development, enhancement, deployment, maintenance, and monitoring of impairment models within PBB Capital and Impairment Model Development. Ensure models developed are of high quality and that the required governance of model changes, accounting, and Reserve Bank regulations are adhered to.

• Completed Matric
• Honours Degree in Mathematical Sciences
• Degree in Information Science

1-2 Years of experience with data mining and retail credit risk modelling. Technical model development and implementation experience in the banking sector. Experience in building PD, LGD, and EAD models end-to-end, through to implementation. Understanding of the use and impact of impairment models in retail banking or a retail lending environment. Understanding of the purpose and operation of impairment models. Strong communication skills, particularly in explaining technical concepts to a non-technical audience.

Please note: All our recruitment processes comply with applicable local laws and regulations. We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or

JOB TITLE

LOCATION

DEPARTMENT NAME

DIVISION NAME

JOB DESCRIPTION SUMMARY

JOB DESCRIPTION

• Design experimental methodology/setups for thermal gradient testing of thermal barrier coatings (TBCs) in engine turbine blades under high temperatures and aggressive environments
• Conduct spallation life testing of TBCs under a thermal gradient to assess the effect of factors such as temperature, cycle, and loading conditions on the life of TBCs
• Serve as a technical and programmatic liaison to engineers and scientists at our corporate partners on the development of testing methods and conducting testing of TBCs
• Coordinate with the research team at WPI on experimental investigations and modeling to quantify mechanical and interfacial behavior of TBCs
• Coordinate with the research team at WPI for experimental investigations and modeling of thermo-mechanical fatigue of superalloys used in engine turbine blades
• Train personnel (graduate students, post-doctoral fellows, corporate researchers on testing methods, analysis, and characterization
• Collaborate with WPI faculty from various departments to deliver technical results and progress in the form of technical reports, publications, and presentations

• Ph.D. in Materials Science and Engineering, Mechanical Engineering, Aerospace Engineering, Applied Physics, or related fields
• Practical knowledge of design of experimental setups and standard lab practices
• Experience in experimental mechanics (in particular, mechanical testing, thermal and environmental testing, and basic material characterization (SEM, TEM, EBSD))
• Ability to work independently and in large multi-disciplinary teams
• Excellent oral and written communication skills

• Experience designing, building, and conducting experiments that involve combustion and high temperature
• Experience with data acquisition, instrumentation, and/or signal conditioning
• Experience in the mechanical and thermal testing of coatings/thin films
• Basic knowledge of mechanics of materials (thermo-mechanical fatigue, creep, fracture mechanics), interface adhesion testing, and life predictions
• Basic knowledge of numerical modeling and finite element software

• Cover Letter / Statement of Interest
• Curriculum Vitae
• List of References

FLSA STATUS

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