Model Development Manager

Recruiter:

Network Recruitment

Job Ref:

NFP016854/Ali

Date posted:

Monday, June 1, 2026

Location:

Johannesburg, South Africa

SUMMARY:

Model Development Manager

Take the lead in a high-impact role where your expertise in credit risk modelling shapes strategic decisions and drives business success. This is an exciting opportunity for a technically accomplished professional ready to own and enhance sophisticated IFRS 9 and Basel models within a dynamic, fast-paced environment.

Join a forward-thinking organisation in the financial services sector, renowned for its strong analytical culture and commitment to innovation. You’ll gain exposure to leading-edge modelling practices, evolving regulatory frameworks, and meaningful engagement with senior stakeholders.

POSITION INFO:

As a Manager in Model Development, you will take full ownership of the credit risk model life cycle - From development and implementation through to validation and governance. Acting as a trusted advisor, you will ensure alignment with regulatory requirements while continuously improving modelling approaches and delivering valuable insights that influence decision-making at the highest level.
This role is ideal for someone eager to work on business-critical initiatives, collaborate with a high-performing team, and accelerate their professional growth.

Key Responsibilities

Lead the development, enhancement, and implementation of IFRS 9 and Basel credit risk models
Translate business requirements into effective, data-driven analytical solutions
Present insights, findings, and recommendations to senior stakeholders
Ensure compliance with model risk management frameworks and regulatory standards
Support model validation processes and manage engagements with validation teams
Drive continuous improvement by refining methodologies and staying ahead of industry trends

Requirements

Qualifications:

Honours Degree in a quantitative discipline (e.g. Statistics, Mathematics, Econometrics, Actuarial Science, Quantitative Finance, Data Science)

Experience:

Minimum 5 years’ experience in a quantitative or credit risk modelling role
Demonstrated experience with IFRS 9 and/or Basel regulatory modelling
Experience operating at senior specialist or management level

Skills & Competencies:

Strong analytical thinking and problem-solving ability
Excellent stakeholder engagement and communication skills
Proficiency in SAS (advantageous)
High attention to detail with the ability to thrive under pressure

Non-Negotiables

Solid understanding of credit risk frameworks and regulatory requirements
Ability to manage multiple priorities and deliver within tight deadlines

Why Apply?

If you’re ready to elevate your career, gain exposure to senior leadership, and contribute to impactful, business-critical projects - This opportunity is for you.

Apply now!
For more exciting Finance vacancies, please visit:
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I also specialise in recruiting within the following areas:

Actuarial Modelling & Valuations
Pricing, Reserving & Financial Reporting
Predictive & Statistical Modelling
Credit Risk Scorecards (PD / LGD / EAD)
IFRS 9 Modelling & Impairments
Capital, Solvency & Enterprise Risk Management
Asset–Liability Management (ALM)

If you have not received any response within two weeks, please consider your application unsuccessful. Your profile will be retained on our database for any other suitable roles or positions.

For more information, contact:
Alicia de Jager
Specialist Recruitment Consultant

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