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

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

Data Preparation and Feature Engineering

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

Model Risk Management and Performance Monitoring

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

Stakeholder Collaboration

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

ROLE REQUIREMENTS

Bachelor’s degree in Statistics, Mathematics, or related fields.2 - 4 years' experience in Banking.Strong interest in quantitative analysis and credit risk modelling.Regulatory Capital and IFRS 9 experienceProficiency in programming languages (e.g., SAS) is advantageous.

COMPETENCIES

Analytical Skills

Basic understanding of statistical modelling and data analysis.Eagerness to learn and apply quantitative techniques.

Attention to Detail

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

Strategic

Identifies, understands and acts on broader opportunities in order to drive longer-term value-adding change. Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive out value adding change. Is able to understand, identify and act on broader.Opportunities in order to drive longer-term, value-adding change. Applies judgement effectively. Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive out strategic value adding change.

Collaboration (Relating)

Proactively establishes and maintains relationships. Values driven in relating to others. Engenders trust, respect and the building of meaningful relationships across a variety of contexts. Able to handle a wide range of relational challenges including conflict and confrontation to collaborate across boundaries.

Customer First

Puts the customer at the heart of business decisions and drives to improve value for customers. Builds inspiring customer relationships. Being a customer champion and being responsive to customer needs so as to improve our speed to market.Displays consistent energy, drive and perseverance in order to deliver results. Demonstrates a willingness to take calculated risks to achieve stretch performance goals.

Innovation (Perspective)

Demonstrates ability to relate to challenges from a range of diverse but relevant perspectives. Generates creative/out-of-the-box solutions. Challenges the status quo and/or demonstrates ability to relate to challenges from a range of diverse but relevant perspectives. Generates new perspectives that allow a more creative approach to be followed. Willing to take calculated risks when introducing novel ideas.

Personal Mastery (Learning)

Learns and actively works to build self-awareness; develop through experience and feedback from others. Copes effectively with stress and has the resilience to take on stretching and challenging assignments which carry a risk of failure. Adjusts effectively to work within new work structures, processes requirements, or cultures.

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

Education

Closing Date

07 November 2024

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 in question.

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.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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