Credit Quantitative Analyst

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Credit Quantitative Analyst

Apply locations Cape Town Johannesburg time type Full time posted on Posted 4 Days Ago job requisition id JR-62156

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

As a Junior Credit Quantitative Analyst, you will play a vital role in analysing credit data, developing credit models, and supporting credit risk management processes. Your responsibilities will involve quantitative analysis, risk modeling, and providing insights to optimise lending practices. You’ll work closely with senior analysts and contribute to the bank’s credit risk assessment.

KEY RESULT AREAS

Credit Risk Modeling and Analysis

1. Assist in developing and maintaining credit risk models.
2. Analyse historical credit data or alternative credit data to identify patterns and risk factors.
3. Use statistical techniques to predict credit risk.
4. Assist in designing and developing Credit Monitoring and Credit Reporting Capabilities to be embedded within the credit platform.
5. Assist with the interpretation of credit monitoring and credit reports.

Data Preparation and Feature Engineering

1. Clean and preprocess raw credit data.
2. Create relevant features for credit risk modeling.
3. Handle missing data and outliers.

Model Risk Management and Performance Monitoring

1. Adhere to the Model Risk lifecycle standards and processes.
2. Monitor model performance and recommend adjustments.
3. Ensure compliance with regulatory requirements.

Stakeholder Collaboration

1. Work closely with credit risk officers, data scientists, and business units.
2. Translate technical findings into actionable insights.
3. Present analysis results to senior management.

ROLE REQUIREMENTS

1. Bachelor’s degree in Statistics, Mathematics, or related fields.
2. 2 - 4 years' experience in Banking.
3. Strong interest in quantitative analysis, credit risk modelling or pricing.
4. Experience in advanced analytics
5. Proficiency in programming languages (e.g., SAS) is advantageous.

COMPETENCIES

Analytical Skills

1. Basic understanding of statistical modeling and data analysis.
2. Eagerness to learn and apply quantitative techniques.

Attention to Detail

1. Ability to work meticulously with data and model inputs.
2. Strong problem-solving skills.

Strategic

1. Identifies, understands and acts on broader opportunities in order to drive longer-term value-adding change.

Collaboration (Relating)

1. Proactively establishes and maintains relationships.

Customer First

1. Puts the customer at the heart of business decisions and drives to improve value for customers.

Innovation (Perspective)

1. Demonstrates ability to relate to challenges from a range of diverse but relevant perspectives.

Personal Mastery (Learning)

1. Learns and actively works to build self-awareness; develop through experience and feedback from others.

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit.

Skills

Competencies

Business Insight, Cultivates Innovation, Manages Complexity, Optimizes Work Processes, Situational Adaptability, Strategic Mindset

Education

Closing Date

26 January 2025 , 23:59

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.