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INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
 


​SENIOR QUANTITATIVE MANAGER
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Job number IDC00482
Contract Type Permanent
Posting End Date 13 Feb 2025
Region Gauteng
IDC Job Grade M Band
 
Job Description
  • To own the development, management, as well as the maintenance of best practice Rating, Pricing and Valuation models in line with regulations.
  • To own the development, management, as well as the maintenance of best practice Expected Credit Loss / Impairment models in line with International Standards.
 
Qualification and Experience
 
QUALIFICATIONS:
  • Post-graduate qualifications in a Quantitative discipline such as Mathematics, Statistics, Econometrics (Masters and/or Hons degree).
  • Professional certifications such as CFA, FRM, PRMIA-PRM, or equivalent are highly advantageous.
 
KNOWLEDGE AND EXPERIENCE:
  • 8 - 10 years’ work experience in risk modelling or a similar role in a Financial Institution.
  • Excellent programming skills in SQL/SAS/Python and a thorough understanding and application of Microsoft suite of products (such as Excel etc.)
  • Knowledge and understanding of portfolio credit risk management.
  • Knowledge of Model building and interpretation to minimise risk and/or maximise development returns/revenue.
  • Exceptional leadership capabilities, with a proven track record of playing a leadership role in high-performing teams.
  • Strong stakeholder management skills, with the ability to influence and collaborate across all levels of the organisation.
  • Excellent communication and presentation skills, capable of translating complex risk findings into actionable insights.
  • Ability to anticipate and manage emerging risks in a dynamic financial landscape.
  • Integrity and ethical decision-making.
 
Roles and Responsibilities
  • Developing a range of quantitative Rating and Pricing models including, among others, Probability of Default (PD), Loss Given Default (LGD) and Exposure to Default (EAD).
  • Development of differentiated, superior solutions (solutions engineering) that meet stakeholder and business requirements.
  • Lead in the Validation of the performance of existing quantitative risk models and recommend changes.
  • Service and interact with internal and external stakeholders.
  • Participate in and influence Portfolio Reporting from a Quantitative perspective.
  • Provide training to end users on both model usage and comprehensive understanding
  • Management and maintenance of the IFRS 9 ECL model.
  • Champion the application of model innovation, research of new approaches and challenge existing methodologies.
  • Participate in preparing specifications, preparing for and executing testing, implementation, and documentation, data validation of models.
  • Develop an understanding of data and make recommendations to resolve data integrity issues.
  • Research into best practices regarding the development, maintenance, and use of statistical and behavioural scorecards.
  • Use understanding of regulatory framework (incl. Capital framework / Basel III/IV) to inform business strategy and decisions (capital allocation);
  • Monthly / Quarterly portfolio reporting to appropriate Executive Committees and Board Sub-Committees.
 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
  • Problem Solving
  • Business Acumen
  • Ability to translate complex data outputs into clear and understandable insights for use by business users
  • Report writing Skills
  • Strong attention to detail and data validity
  • Project Management Skills
  • Ability to quickly understand changing market trends and incorporate information into model inputs
  • Appropriate inclusion of data within the model.
  • Strong Analytical Skills
  • Planning and Organizing
 
BEHAVIOURAL COMPETENCIES
  • Good Communication Skills
  • Self-motivated and self-driven skills
  • Coping with Pressures and Setbacks
  • Negotiating and influencing
  • Interpersonal Skills
 
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​TAX SPECIALIST
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Job number IDC00365
Contract Type Permanent
Posting End Date 7 Feb 2025
Region Gauteng
IDC Job Grade M Band
 
Job Description
The tax specialist role exists to provide expert tax advisory services, focusing on tax planning, equity and loan deal structuring, and cross-border investments locally as well as in Africa. The role includes evaluating the impact of new projects, liaising with external tax experts, and ensuring optimal tax strategies for the company. Additionally, the specialist will assist with tax incentives, company restructurings, and negotiations involving complex tax structures to maximize benefits and minimize risk.  
 
Qualification and Experience
Qualifications:
  •  LLB or CA (SA)
  •  Higher Diploma or Masters in taxation is desirable
  •  Admission as an Attorney is essential 
Knowledge and Experience:
  • A minimum of 8 years’ post-article experience in the financial services industry mainly on tax advisory
  • 2-3 years working experience in the banking and finance/DFI (restructuring, turnaround & business rescue) space is essential 
 
Roles and Responsibilities
  • Act as technical consultant/specialist to IDC Department Heads on equity and loan deal structuring and other related tax matters
  • Provide proactive input into the company’s financing group tax planning initiatives and evaluating the impact of new financing and projects on the IDC financing group
  • Formulate tax strategy proposals and draft discussion papers for consideration by the IDC Committees focused on optimal usage of the IDC group’s tax base
  • Act as technical consultant on cross-border equity and loan deal structuring specifically with regards to investments in Africa
  • Liaise with investigating staff and discuss tax implications of non-standard financing agreements
  • Prepare briefs and liaise with external tax experts with regards to obtaining of tax legal opinions
  • Advise on Transfer pricing issues for the IDC and its subsidiaries
  • Review changes in taxation legislation and court interpretations and report on implications
  • Review submissions to be presented to Committees and Board for tax efficiency
  • Advise IDC Departments and clients to make effective use of DTI and other tax incentives
  • Assist the IDC with restructuring of its investments
  • Assist in negotiations where complex tax structures exist to avoid risk and ensure tax efficiency
  • Liaison with the external auditors for year-end procedures
 
Job Requirements
LEADERSHIP COMPETENCIES
Leading & Supervising
Resilience
Decisiveness in Execution
Team work
Communication and Engagement
Diverse Stakeholder Management
Strategic Thinking
Business Mindset
Influence
 
TECHNICAL/FUNCTIONAL COMPETENCIES
Proactive problem solver
Report writing Skills
Project Management Skills
Strong Analytical Skills
Planning and Organizing Skills
Prioritisation Skills

BEHAVIOURAL COMPETENCIES
Relating and Networking Skills
Negotiating and influencing Skills
 
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