Overview
Analyst, Quantitative Jobs in Johannesburg at Standard Bank
Job Overview
Business Segment: Group Functions
Company: Standard Bank of South Africa
Location: ZA, GP, Johannesburg, 30 Baker Street
Job Type: Full-time
Job Ref ID: 80369709A-0002
Date Posted: 5/4/2026
Job Description
The key purpose of this job is to ensure that the validation requirements for the above areas are met. To validate mathematical and statistical models used within Counterparty Credit Risk, Market Risk and the Global Markets space for the Standard Bank Group, including relevant trading models in Liberty.
Perform initial and ongoing validations of internally and externally developed Counterparty Credit Risk, Market Risk and Global Markets Trading models. Formulate detailed understanding of the model specification and related data requirements.
Research and develop an independent/challenger model to use as the reference model. Collate validation results in a technical report. Make conclusions on the validation outcome, as well as model risk, of the model being validated. Identify weaknesses in the model and formulate appropriate recommendations that will address the identified model weaknesses.
Interact with Model Development to obtain additional clarity on the models that are being validated. Determine which aspects of the model require more clarity. Arrange and attend meetings and discussions with Model Development. Interaction with Model Owners and Business may also be required.
Qualifications
Honours Degree in either Financial Mathematics; Quantitative Risk Management; Statistics; Engineering; Mathematical Sciences or Physics
Masters Degree in either Financial Mathematics; Quantitative Risk Management; Statistics; Engineering; Mathematical Sciences or Physic
Experience Required
2-4 years’ experience as an Analyst in a bank’s risk management, model development or model validation function. Demonstrable ability to develop mathematical models. Complex mathematical problems need to be solved in this role. In most cases, the jobholder would need to perform additional research and engage with internal stakeholders to determine in appropriateness of a particular model.
3-5 years’ experience with programming tools such as Python, Matlab.
3-5 years proven understanding of regulations affecting banking, especially impacting risk modelling
2-4 years experience in Model risk management practices in banking spanning data preparation, development, documentation, validation, approval, usage and monitoring.
Additional Information
Behavioural Competencies:
Adopting Practical Approaches
Articulating Information
Challenging Ideas
Checking Things
Examining Information
Exploring Possibilities
Interacting with People
Interpreting Data
Producing Output
Providing Insights
Taking Action
Team Working
Technical Competencies:
Data Analysis
Data Integrity
Documenting
Knowledge Classification
Statistical & Mathematical Analysis
Please note: All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any from of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or [email protected]
Title: Analyst, Quantitative
Company: Standard Bank
Location: Johannesburg
