FirstRand Corporate Centre

Model Risk Specialist (Data Scientist)

FirstRand Corporate Centre  •  Johannesburg, ZA (Onsite)  •  16 hours ago
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Job Description

Exciting new opportunity in Enterprise Risk Management to join the Model Risk team. Have a good understanding of different types of models and be able to perform tasks that include model independent validation, reporting, presenting at governance committees, shaping of frameworks, researching methodologies, etc, that contribute to the management of model risk.

Hello future Model Risk Specialist/Data Scientist!

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!

Role Purpose:

Are you someone who can do:

Model independent validation and model risk management

  • Review and/or reperform model building process.
  • Document and communicate independent validation findings, corrective actions and advise on model appropriateness
  • Assess the adequacy and/or best practice in strategy, frameworks, policies and business process alignment to modelling practice.
  • Present to designated validations committee independent validation outcomes and corrective actions.
  • Communicate effectively and maintain a good relationship with key stakeholders.
  • Optimize processes through continuous updates to frameworks and governance design.

Education/Qualifications

  • Bachelor’s degree (Honours preferrable) in one of the following disciplines: Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar.

Skills and Competencies

  • 2-4+ years of financial modelling, risk modelling and/or model validation experience within a banking context.
  • Proficiency in programming languages that can include SAS, SQL, Excel, Python and R.
  • Experience with developing the following model types/usage advantageous:
  • Scorecard models (Application and Behavioral)
  • Credit Risk Regulatory Capital and Provisioning models
  • Financial Crime models
  • Group Treasury models
  • Artificial intelligence models

You will have access to:

  • Challenging work in a complex and exciting environment
  • Opportunities to innovate and create efficiencies.

Are you interested to take the step? We look forward to engaging with you further. Apply now!

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

02/06/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

FirstRand Corporate Centre

About FirstRand Corporate Centre

The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The Corporate Centre’s stakeholders are external, such as regulators, shareholders, global developmental institutions and government; and also internal, mainly the market-leading businesses that service the group’s customers. These critical functions cover risk, compliance, governance, internal audit, treasury, finance and tax amongst many others. They require deep specialist and technical skills and ultimately represent the custodianship of the FirstRand group’s licence to operate.

Employees of the Corporate Centre develop a very unique perspective of the group because nowhere else can you own or be part of a mandate that operates across the portfolio. This allows for both big picture thinking and operational learning. It is also a great place to drive collaboration and a place to have a significant impact.

The Corporate Centre has adopted a blended approach to working, with a focus on balancing remote working and connections with colleagues in the workplace. Face-to-face interactions remain important to its way of working as these connections protect the business’s social capital, which is key to ensuring that FirstRand’s unique culture stays alive and continues to thrive.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Sandton, ZA
Year Founded
Unknown
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