Head of Quantitative Analysis

Recruiter:

MARANG-A-KHANYA

Job Ref:

DHQA

Date posted:

Friday, February 19, 2021

Location:

Johannesburg, South Africa

Salary:

NEG

SUMMARY:
Provide a managerial leadership and strategic direction to the team that reviews and monitors risk measurement models throughout the division.

POSITION INFO:

Role Purpose:

To provide managerial leadership and strategic direction to the team that reviews and monitors risk measurement models throughout the department, in a regulated industry and provide expertise focused on support in quantitative analysis to other divisions that promote the soundness of financial institutions and contributes to financial stability.

Detailed description and role responsibilities:

Provide a managerial leadership, strategic direction and thought leadership in the development, implementation, and monitoring of the Division’s operational plan aligned to the overall departmental strategy.
To provide input into the supervisory plan based on a cyclical/risk-based approach.
To develop work plans and business plans based on the supervisory plan and the strategy of the division and department.
To provide thought leadership to the Risk Support and frontline supervision staff on the review and monitoring of risk measurement models used by financial institutions.
To monitor and analyse risk measurement models throughout the industry, including the analysis of data and conducting of thematic reviews.
To provide support to the Policy Division by interpreting and consulting on Regulations or providing input in terms of development of departmental standards, directives, guidance notes and circulars regarding risk measurement models.
To improve the risk principles, processes and methods relating to risk measurement models.
To engage with stakeholders in order to:
- report aggregated quantitative and qualitative information to key
- stakeholders; and
- provide support to the department through representation on
- international committees as required.

• To monitor and evaluate gaps, inefficiencies, quality issues, and implement improvements.

To manage the performance and development of direct reports, provide technical guidance and support, promote and support career management and development.
To ensure that risks of the division are identified, assessed and that adequate and effective risk-mitigating measures are implemented.
To ensure that governance processes are functional, and manage information and knowledge systems.

Job, Qaulifications And Exp requirements

• A minimum of Postgraduate degree in Mathematics, Statistics, Actuarial Science OR equivalent.

• Between 10 to 12 years of experience in model development and/or model validation in the banking OR insurance sector, with at least five (5) years in a managerial role.

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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