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Quantitative Credit Risk Analyst

Johannesburg
Salary: Market Related
Job Type: Permanent
Sectors: Business Management
Reference: NFP015334/Crush

Apply before Dec 21 2024 | 30 Days left

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Vacancy Details

Employer: Network Recruitment

Shape the Future of Credit Risk as a Quantitative Credit Analyst! Are you ready to make a real impact in credit risk management? Join a dynamic team, reporting directly to the Head of Credit within the Group Balance Sheet Management division.

We’re seeking a highly skilled Quantitative Credit Analyst to lead the development and maintenance of critical tools and infrastructure that aggregate credit risk exposures across the Group. From economic capital modelling to earnings at risk, you’ll play a pivotal role in setting the risk appetite and optimizing credit models for the entire organization.

Key Responsibilities:

Credit Risk Aggregation: Implement tools like economic capital and earnings at risk models to offer a comprehensive view of the client’s credit risk exposures.
Model Maintenance & Validation: Maintain, update, and validate technical credit risk models, ensuring accuracy and compliance with annual validation requirements.
Risk Exposure Analysis: Calculate monthly/quarterly aggregated credit risk exposures, providing detailed insights into portfolio changes across business units.
Risk Appetite & Strategy: Collaborate with the Head of Credit to set and cascade risk appetite, credit risk limits, and budgets for various business units.
Portfolio Optimization: Work with business units to adjust portfolios based on risk strategy and credit tool outputs, ensuring alignment with the client’s overall goals.
Model Enhancement: Support and guide credit business units to refine models for probability of default (PD), loss given default (LGD), and other key metrics.
Stakeholder Collaboration: Build strong relationships with credit quants, enhancing their capabilities and improving model performance.
Governance: Serve on the technical credit risk model approval committee, ensuring all credit models meet group-wide standards.

Experience & Qualifications:

Minimum Honors Degree in Finance, Financial Engineering, Quantitative Analytics, Actuarial Science, or a related field. A postgraduate qualification will be an advantage.
5+ years of Banking experience with hands-on expertise in developing and maintaining credit risk models (PD, LGD, and others) for retail and investment credit.
Expertise in Economic Capital Modeling and tools for aggregating credit exposures across multiple risk dimensions.
Strong skills in technical analysis, problem-solving, critical thinking, programming, and data analytics.

Take the next step in your career and apply now to lead innovative credit risk solutions!
Visit www.networkrecruitment.co.za for more Actuarial and Analytics opportunities.

If you haven’t received a response within four weeks, please consider your application unsuccessful. Your profile will be retained for future opportunities.

For more information, contact:
Crushen Pietersen
Recruitment Consultant
cpietersen@networkfinance.co.za

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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.