Saturday , April 13 2024

Old Mutual Jobs – Junior Quantitative Analyst

Website Old Mutual

Job Description:

Junior Quantitative Analyst role will report to Head of Quantitative and Model Risk Team. Junior Quantitative Analyst will work on projects together with a Senior Risk Officer, providing technical assistance as well as input into problem analysis, brainstorming and solution design. Analyst will also work with technical resources in stakeholder areas for the purpose of problem analysis and solution communication. Time will be shared between credit (retail lending and investment credit) projects and other risk type related projects (interest rate risk, liquidity risk and market risk).

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Job Responsibilities:

  • Technical assistance to Senior Risk Officer: Working on a model validation or an internal Group Risk project, taking ownership of smaller deliverable pieces, which may include data gathering and preparation, analysis of model development documentation, analysis of development data, building of mathematical/statistical/financial model, such as regression, logistic regression, time-series forecasting, optimization, Monte-Carlo simulation, observational study and other, building of independent model from model design documentation, model re-performance, research into alternative methodologies, input into critical assessment of the project, feedback to the stakeholders
  • Quarterly Management Credit Risk Committee investment credit portfolio reporting, including data feed quality check and resolution, execute data warehouse report queries, data and quarterly movement analysis, compiling graphs and tables for presentation submission pack
  • Providing assistance to 2nd line deliveries in terms of Old Mutual’s Stress and Scenario testing framework (scenario development and scenario modelling validation)
  • Providing oversight of financial risk in Old Mutual (technical review of risk exposures relative to risk appetite and risk appetite setting)
  • Ad-hoc investigations regarding suspected issues in model performance or outputs
  • Ad-hoc technical assistance to other Group Risk teams
  • Knowledge sharing with stakeholders
  • Continuous learning of subject matter and organization
  • Networking and relationship building
  • Continually improve quant skills & knowledge, as well as project and people management in order take on more responsibility over time.

Job Requirements:

  • Matric
  • MSc or MPhil in related topic, e.g. Quantitative Risk Management or Mathematical Finance
  • Graduate role for recently acquired qualification. Some relevant working experience is advantageous, but not expected.
  • Demonstrate leadership behaviours that are aligned to Old Mutual’ s values
  • Set an example of high performance, personal growth, and professional excellence
  • Self-motivated and oriented towards developing new approaches.
  • Problem solving, continuous learning, critical thinking, creativity, solution design
  • Ability to work on conceptual as well as detail level
  • Communication skills and people skills, particularly confidence, respectfulness and transparency in communication
  • Down to earth, approachable, engaged and helpful
  • Quantitative skills: statistical, mathematical. Advantageous: economic, financial, accounting, actuarial
  • Programming skills and ease of learning new programming languages and adjusting to available tools. Advantageous: R, Python, SQL
  • Good knowledge of the Insurance industry and types of products will be an advantage
  • Good knowledge of the Banking industry and types of products will be an advantage
  • Communication, Financial Markets, Market Risk, Mathematical Finance, Quantitative Models, Quantitative Risk, Quantitative Risk
  • Management, Risk Management, Technical Knowledge
  • Master of Science (MSc) (Required), Masters of Philosophy (MPhil): Mathematical Finance (Required)

Job Details:

Company: Old Mutual

Vacancy Type:  Full Time

Job Location: Pinelands

Application Deadline: N/A

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