Our client is seeking to recruit a Quantitative Analyst. The chosen candidate will analyse and quantify
various types of risk (market, credit, operational) using advanced statistical methods. The person will report to the Chief Risk Officer.
Duties include:
Creating models that predict potential losses and help in risk mitigation strategies.
o Reviewing and calibrating such models on a regular basis to ensure that model risk remains within acceptable levels
Providing adequate oversight and challenge methodologies, statistical results, documentation, etc for models built by third parties for the bank
Utilising big data techniques to process and analyse extensive datasets, extracting actionable insights in the process
Carrying out research to develop new models and improving analytical techniques.
Ensuring that quantitative methodologies align with regulatory requirements, if and where applicable.
Maintaining thorough documentation of models and analysis to support audit trails and transparency.
Ensuring that documentation of the right standard and detail is delivered to the bank for external models.
Communicating complex quantitative findings to non-technical stakeholders
Ensuring clarity and understanding.
Providing the necessary information to validators to be able to do their work.
Working collaboratively with other departments to integrate quantitative insights into business tools.
Mentoring junior team members to foster their growth and knowledge in the area.
Requirements
Previous proven work experience of five (5) years in Risk Quantitative Model development in Financial Services including data preparation and analysis, analysing model assumptions and variable and model selection,
MQF Level 6 Award in Mathematics, Econometrics or Statistics.
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