Head: regulatory model development retail: model risk centre of excellence

Barclays - Johannesburg
new offer (28/01/2020)

job description

Head Regulatory Model Development Retail Model Risk Centre of Excellence Job Number 90233296 Description Head Regulatory Model Development Retail Model Risk Centre of Excellence We are on an exciting journey as the Absa Group and We want you to join us as we embark on our Growth path with true AFRICANACITY Within the Model Risk Centre of Excellence - You will lead the Regulatory Models team within Retail Model Development in developing risk measurement models for use in regulatory capital and IFRS9 impairments to ensure these models are developed in line with regulatory requirements To be successful in this role you will be required to Work with other modelling areas to incorporate inputs into model suites and with areas that use outputs from these model suites e g Retail business units Lead the development of Impairment and Regulatory Capital models for all Retail portfolios within South Africa 13 portfolios Work with CRO teams to identify opportunities to optimise model methodologies and model assumptions Define and agree priorities with business and internal stakeholders Manage the development of all in scope models in line with agreed timelines Ensure models remain fit for purpose and take corrective actions where appropriate Keep abreast of international best practice with respect to model development and contribute to model development standards and guidelines as required Ensure all models are compliant with Group policies and applicable regulation Manage business stakeholders for all models across the model lifecycle - i e initial development ongoing performance and usage pipeline of improvements Manage oversight stakeholders to ensure the timely addressing of issues raised and the delivery of the improvement pipeline Liaison with the CRO teams in order to ensure that models are relevant to the performance of and processes within each business unit Ensure that processes control requirements and risk management frameworks that impact the area are documented and understood by all members of the team Ensure that managers in the team understand their responsibilities for physical and systems access control and information security requirements Ensure that appropriate controls are in place to manage risk associated with the model building process Work with Audit internal and external Validation and Conformance teams to ensure reasonable scope for engagements and the timely resolution of identified issue Education and Experience Required B Degree in Maths Stats NQF Level 6 B Degree Honours in Maths Stats NQF Level 7 - preferred 8 years of relevant experience in a large financial services organisation Practical experience of using analytics modelling to solve complex business problems Experience of leading analytical modelling teams Your extensive ability to develop models that are relevant to business process and performance strong commercial orientation well developed analytical skills evidenced through specific issue analysis and model development strong strategic thinking and solid stakeholder engagement as well as big picture innovative thinking will serve you well in making a success of this role Be BRAVE PASSIONATE and READY

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