ABSA Sandton Vacancies 2021-2022 Business Bank Model Development Manager Jobs in Amalgamated Banks of South Africa Limited

ABSA Sandton Vacancies 2021-2022: Apply for ABSA Sandton Jobs in Amalgamated Banks of South Africa Limited 2021. Check Current Gauteng Government Jobs through ABSA Careers Portal 2021-2022. Check Amalgamated Banks of South Africa Limited Careers24 News 2021.

ABSA Sandton Vacancies 2021-2022: Apply for Government Vacancies in Amalgamated Banks of South Africa Limited Department

If you wants to work with ABSA Vacancies for Sandton Job Location, now available for you. This is the dream Jobs work for many students and talented professional. Currently ABSA Employment news published on official website of ABSA for Sandton Job Location. This Employment news for Business Bank Model Development Manager Job Position.

Candidates who are preparing and getting ready their self to get jobs in Sandton at ABSA organization. They can know about the eligibility of Business Bank Model Development Manager Jobs in Sandton South Africa like as the required age, what is the must qualification condition, job location, how to submit ABSA Application form and Important Resume submitting/applying link in the part of below in this post.

ABSA Sandton Vacancies & Employment News 2021-2022

In the below table Jobsvacancynews.com team filled information related to ABSA Sandton Vacancies 2021 those are currently available for Business Bank Model Development Manager Post. Every condition in the short given in below table. Candidates advising that they should check all details of ABSA Careers on official website before applying because our team know that a little mistake can made by you can cause great harm to you.

ABSA Sandton Vacancies 2021 Business Bank Model Development Manager Post Brief information

Employers Name Amalgamated Banks of South Africa Limited
Careers Portal Name ABSA Careers Portal
ABSA Vacancies available for Profile Business Bank Model Development Manager
Number of Vacant Role Not Specified
ABSA Vacancies Age limit As per Govt Rules
Gumtree State
Gumtree Gauteng jobs
Gumtree jobs Gumtree Sandton Jobs
Job Location Sandton
Job Types Gauteng Jobs 2021-22
Salary R 8,89,144.00 Yearly
Last Date 07/12/2021

Required Educational Background for ABSA Sandton Job Vacancies 2021 

Unemployed candidates who want fill the ABSA application form 2021-22 for this job in Amalgamated Banks of South Africa Limited need to complete the required qualification background which is necessary for this Amalgamated Banks of South Africa Limited Vacancies Jobs application Forum 2021-22:-

ABSA Sandton Job Description

Bring your possibility to life! Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The purpose of the role is to manage the development and continuous enhancement of Business Bank models for large, medium and SME corporate lending by playing a leading role in the entire credit risk model build, implementation and governance lifecycle. Act as a Senior technical advisor to junior quantitative analysts and Model Development analysts across wider Model Risk and Development team.

Join a diverse team of dynamic model developers.  We are looking for experienced Model Development Managers with a background as quantitative analysts developing PD, LGD and EAD models for Regulatory Capital and Impairments (IFRS9) models in a banking or consulting environment.

We will expect you to take ownership of the full end-to-end model development lifecycle (development, implementation and governance) to meet relevant business as usual and project timelines.

  • You will be involved in model developments and your role will, to some degree, include mentoring, performance management, talent management and succession planning
  • You will be accountable for ensuring that all activities and duties are carried out in full compliance with regulatory requirements, risk management frameworks and internal policies and standards and understand and manage risks and risk events (incidents) relevant to the process.
  •  You will also play an active role in providing directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers, and keep up with industry trends to ensure increased capacity to build models.
  • Your ability to effectively manage stakeholders across different functions is key.

Key Accountabilities:

Stakeholder Management

  • Actively engage stakeholders (model users, validation team, and monitoring team, regulators) to be fully engaged in process and delivery.
  • Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
  • Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
  • Explaining methodologies and data feeds to Internal Audit, External Audit, SARB and their representatives.
  • Develop and maintain relationships with relevant business units by understanding the business units’ requirements and obtaining feedback.
  • Contribute to the development of a high-performance culture
  • Participate in planning, resource allocation, training and team-building functions

Expert Advisory

  • Stay abreast of industry trends and role players and ensure that the function is well positioned to provide competitive and industry leading services.
  • Scan the external market to understand future challenges and ensure that the function is positioned to deal with multiple and often contradicting scenarios across Absa.
  • Expert technical adviser to junior quant and modellers across wider team across the following model/methodology disciplines: Model Risk; AIRB (PD, LGD, EAD) and Impairment (IFRS9)
  • Provide directional expertise to enhance model building skills within the team, ensuring increased capacity to build models, by transferring knowledge and experience gained.

Model Development

  • Develop theoretical understanding and practical application of model development methodology through model building and application experience.
  • Develop models in-house by ensuring model build data are of sufficient quality, completing statistical data analysis and producing detailed model build documentation while conforming to the governance structures.
  • Ensure successful implementation of models by assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and helping out with testing (comparing implementation results with prototype results) to ensure the model is implemented correctly
  • Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy. This includes responding to Independent Review/Validation questions and reworking the model build to include issues raised.
  • Provide and detail appropriateness, perform and report impact analysis and recommend the use of both internal existing corporate models as well as external industry standard models available.
  • Ensure model compliance with Group governance standards by following and adhering to standards
  • Communicate results and recommendations from analysis and modelling undertaken to other areas of Risk by tailoring the interpretation to the audience and using appropriate presentation technology and templates
  • Enhance model usage through strategy and policy recommendations to the Credit Risk team.

Governance and Compliance

  • Provide general consultancy for credit risk matters within the cluster, including validation and challenge models
  • Ensure best practice modelling techniques are in place by liaising with other business units and consulting as required

People Management

  • Ensure that Absa values are instilled with the function and through demonstrating leadership by example.
  • Ensure the development of a high-performing function through embedding formal Performance Management and informal coaching.
  • Ensure that all poor performance is addressed and that recognition is appropriately managed


  • Formulating strategies and concepts
  • Leading and supervising
  • Planning and organising
  • Creating and innovating
  • Analysing
  • Learning and researching
  • Applying expertise and technology
  • Presenting and communicating information
  • Coding

Education and Experience Required

  • Post Graduate degree in Statistics/Mathematics/Engineering or similar.
  • Minimum of 6 years’ experience in statistical model development or validation in a PD, LGD, EAD model development environment with process and people management experience preferred.
  • Preference will be given to South African Citizens and Permanent residents of South Africa in possession of proof of permanent resident status


  • The appointment will be made in line with the Divisional Employment Equity strategy.


Bachelor Honours Degree: Actuarial Science (Required), Bachelor Honours Degree: Applied Mathematics (Required), Bachelor Honours Degree: BMI – Business Management and Informatics (Required), Bachelor Honours Degree: Mathematics (Required), Bachelor Honours Degree: Statistics (Required)

How to Submit the Amalgamated Banks of South Africa Limited Sandton Vacancies 2021 Application forum 

Candidate who have required eligibility of fill this available Jobs at ABSA Careers Portal. ABSA application form 2021 for Gauteng Job Vacancies can submit their ABSA Application Forum with the help of below tips:-

  • Job seekers directly go through below Amalgamated Banks of South Africa Limited Jobs apply now link.
  • When you click on the below Apply now button you will be redirected on official link of ABSA Careers website.
  • Now you should check first eligibility given in the ABSA Vacancies official announcement documents once again.
  • If you are profile/background matching with related profile you can click on apply button.
  • Now you need to fill up all information related your profile marked with *.
  • Now cross check once and click on the submit button.
  • Your application status will be show on your screen.
  • Take a mobile/desktop screen shot to use it for future.

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