Quantitative Credit Modelling Analyst

Recruiter:

Network Recruitment

Job Ref:

NFP016801/ZG

Date posted:

Thursday, May 7, 2026

Location:

Johannesburg, South Africa

Salary:

Annually

SUMMARY:
A leading retail banking group is seeking a driven Quantitative Credit Modelling Analyst to join its model validation team. This role is ideal for a technically strong professional who thrives on challenges, enjoys independent thinking, and wants to contribute to robust risk management and regulatory excellence.

POSITION INFO:
You will form part of a specialised Model Validation team responsible for providing independent oversight of models used across the bank. These include models supporting credit risk, capital adequacy, financial forecasting, and fraud detection.

The role offers exposure across multiple modelling disciplines and gives you the opportunity to work endâtoâend on validations, from conceptual review through to quantitative testing and final recommendations.

Key Responsibilities:

Perform endâtoâend validation of quantitative models across various banking domains
Develop challenger models to assess model performance and robustness
Review methodology, assumptions, data integrity, and governance frameworks
Provide clear, professional validation opinions and recommendations
Collaborate with technical and business stakeholders to resolve findings

Job Experience and Skills Required:

Education:
- Degree in Mathematics, Statistics, Actuarial Science, or Data Science
Experience:
- 3–6 years’ proven experience in credit scorecard development, validation, and monitoring
- Experience with credit risk application and behaviour models and/or marketing scorecards
- Strong exposure to data mining, predictive modelling, and analytical techniques
- Solid understanding of the end to end credit lifecycle
Skills:
- High attention to detail and the ability to manage multiple model types simultaneously
- Strong communication skills and a collaborative working style

For more exciting Actuarial and Analytics vacancies, please visit:

Similar jobs you might be interested in:

Quantitative Credit Modelling Analyst
Location: Johannesburg
Salary: Annually
A leading retail banking group is seeking a driven quantitative credit modelling analyst to join its model validation team. This role is ideal for a technically strong professional who thrives on challenges, enjoys independent thinking, and wants to contribute to robust risk management and regulatory excellence.
1 day ago

Actuarial Analyst
Location: Johannesburg
Salary: Annually
The Actuarial analyst will play a key role within the management analytics environment, supporting the business through highâquality data analysis, statistical modelling, and insightful reporting. Working closely with a team of experienced analysts, the incumbent will contribute to the development of robust business intelligence that informs strategic, financial, and operational decisionâmakin...
Today

Risk Analyst
Location: Johannesburg
Salary:
Are you a Risk analyst looking to deepen your exposure within a regulated environment where your insights directly influence decisionâmaking? This opportunity offers handsâon involvement in risk analysis, stakeholder engagement, and process improvement within a dynamic and growing organisation.This established organisation operates within a regulated financial and healthcare environment, suppo...
Today

Actuarial Analyst â Healthcare
Location: Johannesburg
Salary:
A leading organisation within the healthcare industry is seeking an Actuarial analyst to join their growing and high-performing team. This company is known for its strong focus on innovation, data-driven decision-making, and impactful healthcare solutions. You will be part of a collaborative environment where actuarial insights play a key role in shaping pricing strategies, risk management fr...
Today

Lead Quantitative Analyst
Location: Johannesburg
Salary:
Our client is looking for a Lead quantitative analyst to join their collaborative and fast-growing team.
1 day ago

Lead Quantitative Analyst â Advanced Analytics
Location: Johannesburg
Salary: Annually
A leading South African retail bank is expanding its advanced analytics and machine learning capabilities and is seeking a Lead quantitative analyst – Advanced Analytics to independently validate highâimpact models across credit risk, financial crime, and broader advanced analytics use cases.
1 day ago

Senior Quantitative Analyst (Machine Learning & Model Validation)
Location: Johannesburg
Salary:
We are partnering with a fast-growing financial services organisation that is building their world-class advanced analytics and quantitative risk capability. Data, machine learning, and model governance sit at the heart of how they design smarter, more inclusive financial solutions.
1 day ago

Quantitative Analyst
Location: Johannesburg
Salary:
We are partnering with a fast-growing, data-driven financial institution that is redefining how analytics, machine learning, and risk modelling shape smarter and fairer credit and banking decisions.
1 day ago

Pricing Analyst
Location: Johannesburg
Salary:
Are you an ambitious actuarial professional eager to build strong pricing and profitability expertise within a commercial insurance environment? This opportunity offers handsâon actuarial exposure, robust technical development, and support toward attaining a professional qualification, all within a highâperformance, forwardâthinking team.
1 day ago

Actuarial Manager
Location: Midrand
Salary: Annually
We’re partnering with a leading financial services group that sits at the forefront of innovation across short-term insurance, health insurance, and digital comparison platforms. This is a business known for its strong tech-driven approach, customer focus, and high-performing actuarial teams.
3 days ago