Job Description

Job Requisition DetailsREQ#136408Location: Sandton, JohannesburgClosing Date: 21 October 2024Talent Acquisition: Bongiwe MchunuJob FamilyInvestment BankingCareer StreamQuantitative - Unsecured Models and AnalyticsLeadership PipelineManage Self: ProfessionalFAIS AffectedJob PurposeTo develop and maintain best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management and/or attainment of strategic objectives. The role involves leading a team of dynamic Quantitative Analysts in the Unsecured Lending Pricing and Profitability space, while undertaking your own analytics and modelling duties.Job Responsibilities

• Build and formally present reports by monitoring business performance within the set risk appetite and through analysis.
• Report to; monitor and advise operational areas to manage trends through analysis for ad-hoc requirements.
• Manage client expectations by liaising with stakeholders through the model build process as well as the systems and strategy development process.
• Increase efficiencies through programming and automating processes.
• Enhance business efficiencies and ensure compliance through formal communications and interacting with external bodies.
• Challenge model builds from around the cluster through peer review participation and ensuring best practice.
• 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.
• 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.
• Ensure accuracy and feasibility through impact analysis for newly developed products.
• 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.
• Manage access and change control and ensure compliance by creating change logs and restricting/providing access.
• 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

Professional Exposure

• Profitability Models: Develop and maintain profitability models to reflect an accurate view of new and existing client performance.
• Business Case Input: Provide input into business cases to support CVP updates and new product development.
• Pricing Tests: Develop, implement, and maintain pricing tests to improve understanding of client dynamics and sensitivities, aiming to enhance profitability while catering to client needs.
• Deep-Dives, Analysis, and Storytelling: Through a deep understanding of various profit levers and their primary and secondary influences, guide business and executives to take informed and appropriate action to track strategy, change strategy, and address business performance.
• Pricing/Fee/Offer Override Processes: Design and maintain pricing/fee/offer override processes to attract and retain critical and potentially rate-sensitive clients.
• Credit Policy Management: Proactively manage profitability by providing input into credit policies related to Overdrafts and Personal Loans.
• Performance Tracking: Monitor and track the performance of the lending portfolios, ensuring sustainable and profitable unsecured loan granting.
• Pricing Enhancements: Optimize pricing and offer models to achieve profitability targets while maintaining competitive pricing for consumers.

Technical Skills

• Coding, Modelling and Analysis
• Competent in SAS, SQL or Python

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Professional qualification/degree - BCom, BSc, BEng

Minimum Experience Level

• 4+ years of experience in Credit Risk or Analytics

Technical / Professional Knowledge

• 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
• Business Acumen
• Quantitative Skills

Behavioural Competencies

• Applied Learning
• Coaching
• Communication
• Collaborating
• Decision Making
• Continuous Improvement
• Quality Orientation
• Technical/Professional Knowledge and Skills

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

Nedbank