Senior Model Risk Analyst

Johannesburg
Salary: R83 333.00 - R100 000.00 Per Month
Job Type: Permanent
Sectors: Business Management Technology Finance
Reference: NFR005109/MOL

Apply before Dec 06 2024 | 17 Days left

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Vacancy Details

Employer: Network Recruitment

This is a leader in commodity trading and mining, specializing in the production and marketing of metals, minerals, and energy.

A Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional teams to ensure models remain robust, well-documented, and updated as needed.

Job Purpose:

Recertification & Review: Perform full recertification or affirmation of model parameters and performance based on inventory and review schedules.
Identify Model Risks: Assess model risks during certification reviews.
Materiality Assessments: Design and implement materiality assessments and monitoring for limitations with the Quant Risk team.
Understand Operational Constraints: Analyze and incorporate physical operational constraints into model representations when necessary.
Performance Review: Conduct performance reviews, including convergence tests and other performance evaluations defined in the model.
Documentation & Version Control: Ensure models are properly documented, version-controlled, and validated for a clear audit trail.

Job Experience & Skills Required:

Bachelor’s Degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering.
A minimum of 3-7 years of experience in model risk management, validation, and control, with in-depth knowledge of regulatory frameworks (e.g., IFRS, PRA) and experience using risk modeling tools (e.g., Python) and model validation methodologies.

If you are interested in this opportunity, please apply directly. For more finance jobs, please visit

Send your CV to momolefe@networkfinance.co.za

www.networkrecruitmentinternational.com

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.

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About Network Recruitment

Network Recruitment

Network Recruitment is a leading specialist recruitment company in the fields of IT, Finance and Engineering.

Since our establishment in 1987, we have been at the forefront of the specialist recruitment industry. Network Recruitment’s key to success is the focus on delivering superior quality service by developing and maintaining an exclusive focus on sourcing high-calibre skills for medium-sized to JSE-listed companies operating in these three niche sectors across South Africa.

Our experience in permanent and contract-based recruitment enables us to provide you with recruitment solutions that meet your long- and short-term needs.

Network Recruitment is a division of ADvTECH Resourcing, the recruitment arm of the national JSE-listed ADvTECH Limited Group a leader in quality education, training, skills development and placement services.