Old Mutual
OMF Quantitative Analyst: Credit & Impairment
This job is now closed
Job Description
- Req#: JR-45385
Support and aid the development of impairment and regulatory type models, i.e. Impairment; Capital (Regulatory & Economic); Stress Testing.
Sourcing, consolidating and analysing large data sets, utilizing strong programming skills and identifying anomalies/trends.
Maintain adequate technical documentation regarding the modelling methodologies used in the valuation and impairment models.
Communicate analytical results to both technical and non-technical audiences.
Perform monthly portfolio monitoring and periodic monitoring of the models.
Sourcing, consolidating and analyzing large data sets, utilizing strong SAS skills and identifying anomalies/trends.
Contribute (strategically) to building the vision and developing successful practices for the Business and the wider Risk Management Team.
Actively manage and improve the risk-based profitability of the portfolio.
Big data manipulation and management
Providing insights to various stakeholder
Interpreting data
Process automation
Documenting facts
Multitasking
Challenging ideas
Coding in statistical packages
Degree with Stats/Math/Applied Maths/Financial Risk Management/Data Science/Engineering or related disciplines
0-3 Years + working within a credit, model development, impairment or regulatory capital environment
R, SQL, MATLAB, SAS, and Python experience advantageous
Your time is now to be your exceptional best at Old Mutual!
Job Description
If you are looking for a company that offers great culture, leadership, learning opportunities, challenges, rewards, and recognition, then look no further than Old Mutual.
Who are We?
Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 17 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
Old Mutual Finance was established in 2008 to provide unsecured lending products and services to the SA market. The business started with a staff complement of 34 and has since grown to over 3000 staff with more than 300 branches nationally. Within our branches, we offer insurance, transactional banking and lending products, and servicing.
Why Join Old Mutual?
Enabling our people to be their exceptional best is at the core of what we do. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
We will provide you with a holistic experience to realise and unleash your potential.
Opportunity
The role is responsible for the development, analysis, monitoring and maintenance of impairment and loan valuation models and reporting for a retail portfolio. This includes responsibility for:
• Redevelopment or calibration of EAD, PD, LGD, FLI and models,
• Impairment reporting
• Loan valuation
• Portfolio analysis
• Model monitoring and reporting
• Model governanceCompetencies needed for this role.
Minimum Criteria:
Skills
Education
Closing Date
31 October 2023Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
About the company
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group.
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