Absa Bank Limited
Finance
Manager-ModelDevelopment
Neural analysis suggests this role is
optimal for Mid candidates.
“Manager - Model Development at Absa Bank Limited. Skills: Model Development, IFRS9, Basel, Credit Risk. Manage model development and enhancement. Provide technical leadership”
Industry & Context.
Model build; Model build detail; Model build methodologies; Analysis of model outputs; Statistical analysis; Quantitative analysis; Forecasting; Extrapolation analyses; Trend analyses; Scenario analysis; Reworking the model build
What They're Looking For.
Must Have
5 years or more of experience at a specialist level, Honours degree in Statistics, Mathematics, Econometrics, Quantitative Finance / Financial Engineering, Actuarial Science, Applied Mathematics / Data Science
Nice to Have
Knowledge of impairment/ regulatory capital modelling, Proficiency in SAS
What You'll Do.
Manage model development and enhancement
Provide technical leadership
Engage with key stakeholders
Facilitate stakeholder requests
Explain methodologies and analyses
Generate appropriate challenge
Provide general consultancy
Compile trend analyses
Present analysis results
Scan the external market
Participate in proof of concepts
Provide directional expertise
Enhance model building skills
Transfer knowledge and experience
Obtain theoretical understanding
Gain practical application experience
Adhere to Model Development Standard
Incorporate feedback from business
Communicate results and recommendations
Store analysis code and workings
Adhere to version control
Submit to Internal Validation Unit
Support IVU and Audit
Assist model implementation team
Answer technical questions
Compare implementation results
Review Post-Implementation Review
Follow governance processes
Prepare monitoring packs
Follow SAS Model Risk Manager governance
Ensure model compliance
Notify senior management
Participate in gap resolution
Contribute to high-performance culture
Participate in planning
Participate in resource allocation
Participate in training
Participate in team-building
How You'll Work.
Team & Collaboration
Engage with key stakeholders across the business; Facilitate delivery of stakeholder requests; Tailor interpretation of results to the audience; Explain methodologies and analyses to internal and external audit; Discuss model build detail and ideas; Provide general consultancy within the cluster; Assist in business forecasting and extrapolation analyses; Compile trend analyses by statistically comparing different scenarios; Present analysis results to Technical Committees and Forums; Take on challenge and guidance from peers; Provide appropriate challenge on model build and methodologies; Discuss model build detail and ideas in forums and meetings; Provide directional expertise to enhance model building skills; Transfer knowledge and experience gained; Present development checkpoints and analytical results to Model Owners and CROs; Incorporate feedback from business into model building process; Communicate results and recommendations to other areas of Absa; Provide support to IVU, Internal and External Audit; Assist the model implementation team; Participate in discussions aimed to resolve gaps; Participate in planning, resource allocation, training, and team-building functions
Communication Scope
Tailor the interpretation of results to the audience; Utilise appropriate presentation technology and templates; Explain methodologies and analyses; Communicate results and recommendations
Full Job Description
### **Empowering Africa’s tomorrow, together…one story at a time.** With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. _**Job Summary**_ Take responsibility of a technical functional area. Manage the development and continuous enhancement of IFRS9 and Basel related models within Retail portfolios by playing a leading technical role in the entire credit risk model build, implementation, and governance lifecycle. Technical advisor to Model Development Analysts and modelers across the wider team. **_Job Description_** 1\. **Stakeholder management** * * Engage with key stakeholders across the business, ensuring their objectives, concerns and priorities are reflected in the agreed solutions. * Facilitate delivery of the stakeholders’ requests through emails, group meetings and one-on-one discussions in a timely fashion. Tailor the interpretation of results to the audience and utilise appropriate presentation technology and templates. * Explain methodologies and analyses that will assist internal and external audit as well as the SARB PA and representatives with requests. * Generate appropriate challenge by discussing model build detail and ideas. 2\. **Expert Consultancy** * * Stay abreast of industry trends and role players and ensure that the function is well positioned to provide competitive and industry leading services. * Provide general consultancy within the cluster, including validation and challenge models, assisting in business forecasting and extrapolation analyses, compiling trend analyses by statistically comparing different scenarios. Use these analyses to make recommendations around next steps or decisions to be taken by business. * Present analysis results to Technical Committees and Forums, as required. Take on relevant challeng
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