Quantitative Credit Modelling Analyst

Recruiter:

Network Recruitment

Job Ref:

NFP016804/ZG

Date posted:

Thursday, May 7, 2026

Location:

Stellenbosch, 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

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