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ITHALA DEVELOPMENT FINANCE CORPORATION - CREDIT RISK MODELLING SPECIALIST
ITHALA DEVELOPMENT FINANCE CORPORATION
CREDIT RISK MODELLING SPECIALIST – D4
ITHALA SOC LIMITED
HEAD OFFICE
REFERENCE NUMBER: SM 19054
To ensure that Ithala has and implements the appropriate and best practice models for, amongst others; credit risk measurement, credit impairments, credit risk pricing, capital management and stress testing requirements.
The responsibilities of the successful candidate will be to:
Develop understanding of data and make recommendations to resolve any data integrity issues.
Create a database and build maintain the analytical capability of Ithala.
Develop detailed analytical tools for monitoring performance of new advances, credit portfolio performance, and arrears management
Develop, document and validate new credit risk models and other related models as and when they are required.
Research, develop and benchmark new methodologies for model development
Drive back-testing of assumptions used in the models, compile results and present to relevant governance structures
Review the existing credit impairments model and other models that may be in place. Make recommendations of any amendments required
Validation of recommended amendments and presentation to the governance structures for approval
Implement approved recommendations within agreed timelines
Create a framework for the development of models at Ithala and solicit approval from governance structures
Develop and document a framework for back-testing and obtain its approval from governance structures
Ensure new models and changes to existing models are approved by governance structures
Incorporate all aspects of benchmarked regulatory compliance requirements into all models.
Provide monthly and quarterly reports to credit management, EXCO and all other relevant Committees
Work closely with IT teams, revenue generating divisions, combined risk assurance and other stakeholders.
Provide support and ensure that the business requirements pertaining to models are met.
Engage with external service providers to solicit insight for effective review and maintenance of existing models.
Provide management guidance and support to the credit risk and analytics team.
Timeous and effective performance reviews of all direct reports.
Assume responsibility for the end to end lifecycle of direct reports.
Ensure ongoing professional development as and when required
The following minimum requirements should be met in order to be considered:
Post graduate tertiary qualification in a quantitative discipline such as Statistics, Mathematics, Econometrics or Actuarial Science or NQF level 7 equivalence.
Master’s degree in the above fields will be advantageous.
At least five (5) years’ experience in the development of credit risk models in a banking or financial services environment.
At least three (3) years’ experience in a senior management position
Working knowledge of IFRS 9 credit impairment model will be an advantage
Exceptional quantitative, research and analytical skills
Strong programming skills
Effective communication and interpersonal skills
Strong writing, reporting and presentation skills
Must be assertive and innovative
Flexibility and Initiative
Develop and document a framework for back-testing and obtain its approval from governance structures
Ensure new models and changes to existing models are approved by governance structures
Incorporate all aspects of benchmarked regulatory compliance requirements into all models.
Provide monthly and quarterly reports to credit management, EXCO and all other relevant Committees
Work closely with IT teams, revenue generating divisions, combined risk assurance and other stakeholders.
Provide support and ensure that the business requirements pertaining to models are met.
Engage with external service providers to solicit insight for effective review and maintenance of existing models.
Provide management guidance and support to the credit risk and analytics team.
Timeous and effective performance reviews of all direct reports.
Assume responsibility for the end to end lifecycle of direct reports.
Ensure ongoing professional development as and when required
The following minimum requirements should be met in order to be considered:
Post graduate tertiary qualification in a quantitative discipline such as Statistics, Mathematics, Econometrics or Actuarial Science or NQF level 7 equivalence.
Master’s degree in the above fields will be advantageous.
At least five (5) years’ experience in the development of credit risk models in a banking or financial services environment.
At least three (3) years’ experience in a senior management position
Working knowledge of IFRS 9 credit impairment model will be an advantage
Exceptional quantitative, research and analytical skills
Strong programming skills
Effective communication and interpersonal skills
Strong writing, reporting and presentation skills
Must be assertive and innovative
Flexibility and Initiative
ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
CLOSING DATE: 11 OCTOBER 2019
INTERESTED APPLICANTS MUST FORWARD A DETAILED CV; CERTIFIED COPIES OF QUALIFICATIONS AND ID DOCUMENT BY E-MAIL TO HR_recruitment1@ithala.co.za
KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.
PLEASE NOTE:
LATE APPLICATIONS AND APPLICATIONS WITH NO REFERENCE NUMBER WILL NOT BE CONSIDERED.
E-MAIL USERS ARE REQUESTED TO SET THE DELIVERY OPTION ON BOTH “RETURN RECEIPT” AND “CONFIRM DELIVERY”.
CORRESPONDENCE WILL BE LIMITED TO SHORT-LISTED CANDIDATES.
ALL SHORT-LISTED APPLICANTS WILL BE SUBJECTED TO ASSESSMENTS, REFERENCE AND CREDIT CHECKS.
IF YOU HAVE NOT BEEN CONTACTED WITHIN 1 MONTH OF CLOSING DATE OF THE ADVERTISEMENT, PLEASE ACCEPT THAT YOUR APPLICATION HAS BEEN UNSUCCESSFUL.