Analyst Model Development
Analyst Model Development
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Salary Not Disclosed
1 Vacancy
Job Description
Minimum Requirements:
- Matric (Grade 12)
- 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
- Preferred Requirements
- Banking Retail model development experience
- Years of experience: 3 5 years
Responsibilities:
- Accountability: Model development
- Develop and monitor IFRS9 and/or Regulatory Capital models inhouse 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 macroeconomic 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 signoff by completing all relevant documentation according to the Company 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 oneonone 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 The Companies internal Model Risk Governance requirements and relevant
- Standards About Us
- Familiarize yourself with the regulations which govern model methodologies
- Ensure that work which is performed adheres to the above
Employment Type
Full Time
