ABSA Jobs – Model Development Specialist

Job Description:

Job Responsibilities:

• Communicate results and recommendations from analysis and modelling undertaken to stakeholders by tailoring the interpretation to the audience and using appropriate presentation technology and templates
• Ensure model compliance with Group governance standards by following and adhering to standards
• Manage key stakeholders across the business by ensuring their objectives and priorities are reflected in the agreed solutions.
• Enhance model usage through strategic recommendations to the Credit Risk team.
• Feed into and uphold the high-performing team culture.
• Ensure that Absa values are instilled through demonstrating leadership by example.
• Participate in planning, resource allocation, training and team-building functions
• Interact with the Validation Team during review of the models.
• Play an active role in providing directional expertise and enhance model building skills across the team, including transferring knowledge and experience to junior team members.
• Explaining methodologies and data feeds to Validation, Internal Audit and External Audit
• Develop and maintain relationships with relevant business units by understanding the business units’ requirements and obtaining feedback. In addition explaining the models to relevant business units.

Job Requirements:

• Pro-active thinking
• Model methodology documentation
• Learning and researching
• In-depth Mathematical and statistical knowledge
• Innovative problem solving ability and formulating solutions
• IFRS9 model development experience (lifetime PD, LGD, EAD, Significant Increase in Credit Risk (SICR) and economic forward looking modelling).
• SAS coding
• Data analytics

Qualification & Experience:

• Preference will be given to South African Citizens and Permanent residents of South Africa in possession of proof of permanent resident status
• Minimum of 6 years’ experience in statistical model development or validation in IFRS9 model development environment
• Post Graduate degree in Statistics/Mathematics/Engineering or similar.

Job Details:

Company: Absa Group Limited

Vacancy Type:  Full Time

Job Location: Sandton, Gauteng, SA

Application Deadline: N/A

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