Absa Bank Limited
Finance
ManagerModelDevelopment
“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
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