- Johannesburg
- Salary: Market Related
- Job Type: Contract
- Sectors: Consulting
- Reference: 169331
Vacancy Details
Employer: iqbusiness South Africa
We are seeking Quantitative Analysts for a project within a banking client. The role focuses on the development, implementation, and monitoring of credit and operational risk models, with a strong emphasis on predictive analytics and regulatory modelling.
Skilled professionals will apply advanced statistical techniques to large, complex financial datasets, delivering robust, well-governed models aligned to business and regulatory requirements. SAS is the primary modelling environment, with additional use of R, SQL, Python, and VBA.
- Develop, implement, and optimise credit risk and operational risk models, including:
- Basel II/III regulatory capital models (PD, LGD, EAD)
- IFRS 9 impairment and expected credit loss models
- Application, behavioural, and collection scorecards
- Perform statistical analysis, forecasting, segmentation, and cohort analysis across the credit lifecycle.
- Conduct data extraction, cleansing, and transformation using SAS, SQL, and supporting tools.
- Build and maintain model performance monitoring and validation metrics (e.g. stability, discriminatory power, calibration).
- Produce clear model documentation and analytical insights for internal stakeholders and clients.
- Design management information and analytical dashboards to support credit risk decision-making.
- Automate modelling and reporting processes and contribute to first-principles, innovative model development.
- 3+ years’ experience in quantitative analysis or statistical modelling within credit or financial risk.
- Strong hands-on experience with SAS (Base/STAT/Enterprise Guide or similar).
- Working knowledge of SQL, with exposure to R, Python, or VBA.
- Solid understanding of credit risk modelling, including scorecard development and impairment modelling.
- Exposure to banking or insurance environments and familiarity with the credit lifecycle.
- Ability to translate complex quantitative outputs into clear, business-focused insights.
Please Note:
As all IQbusiness roles require honesty in the handling of or access to cash, finances, financial systems, or confidential information; our recruitment process requires that the following background checks be completed: credit, criminal, ID, and qualification verification.
IQbusiness is committed to sustainable growth and transformation, we embrace diversity and employ previously disadvantaged individuals.
Photos
Quotes
Opportunity
IQbusiness has also given me the opportunity to be involved in exciting initiatives such as B-Corp and the Women’s Chapter Network which allows me to find meaning in my work. Working under good leadership and a supportive team at IQbusiness really makes me enjoy coming to work every day.
Sheneez Sigamoney
RAS – Senior Associate – Sustainability
Video
