Analyst, Quantitative – Model Validation

Company: Standard Bank of South Africa
Business Segment: Group Functions
Location: Johannesburg (30 Baker Street)
Job Type: Full-Time
Job Ref ID: 80374680A-0002
Date Posted: 27 February 2026

 Job Overview

Standard Bank of South Africa is seeking a skilled Quantitative Analyst – Model Validation to perform independent validation of risk and capital models across the bank.

This role is critical in managing Model Risk, ensuring regulatory compliance, and maintaining the integrity of interest rate risk, earnings at risk, economic capital, stress testing, and operational risk models.

 Key Responsibilities

• Perform initial and ongoing validation of:

  • Interest Rate Risk models

  • Earnings at Risk (EaR) models

  • Economic Capital models

  • Stress Testing frameworks

  • Operational Risk models

• Apply critical thinking to manage and mitigate Model Risk

• Engage with Model Development teams to clarify methodologies

• Execute validation activities according to operating standards

• Identify opportunities to enhance validation methods and processes

• Contribute to improved governance of model lifecycle management

 Minimum Qualifications

• 4-year degree in a quantitative field, such as:

  • Business Analytics

  • Quantitative Risk Management

  • Statistics

  • Financial Mathematics

  • Engineering

  • Physics

 Experience Required

✔ 3+ years’ experience developing statistical or analytical models
✔ 3+ years’ experience estimating expected and unexpected losses (capital modelling)
✔ 3+ years’ experience using Python, SAS, Power BI, or R
✔ Strong knowledge of banking regulations, especially internal model approaches for risk capital
✔ 3+ years’ experience in model risk management practices including:

• Data preparation

• Model development

• Documentation

• Validation

• Approval

• Monitoring

 Technical Competencies

• Statistical & Mathematical Analysis

• Data Analysis & Data Integrity

• Model Documentation

• Knowledge Classification

• Risk Capital Modelling

 Behavioural Competencies

• Challenging Ideas

• Examining & Interpreting Data

• Providing Insights

• Producing High-Quality Output

• Teamwork & Collaboration

• Taking Action

• Attention to Detail

 Why Apply?

✔ Work within a leading African banking institution
✔ Gain exposure to advanced risk and capital models
✔ Strengthen expertise in regulatory model validation
✔ Play a key role in safeguarding financial stability