Quantitative Risk Modelling Analyst
Insurance Jobs
- POSB - People’s Own Savings B…
- Expires 09 Aug 2024
- Harare
- Full Time
Job Description
Applications are invited from suitably qualified and experienced persons to fill the below position which has arisen in the People's Own Savings Bank (POSB).
QUANTITATIVE RISK MODELLING ANALYST
Reporting to the Quantitative Risk Modelling Manager, the incumbent will be responsible for developing, implementing and maintaining risk models to identify, assess and manage financial and operational risks across the Bank.
Duties and Responsibilities
KEY PERFORMANCE AREAS
• Design and develop nsk models using statistical techniques and machine leaming algorthms.
• Conduct data analysis and simulation to estimate risk exposures and predict potential losses.
• Develop capital models for Internal Capital Adequacy Assessment Process (ICAAP), economic capital etc.
• Validate and back test isk models to ensure accuracy and reliability.
• Perform ad-hoc financial modelling, stress testing and scenario analysis.
• Provide insights and recommendations to senior management on sk management strategies.
• Collaborate with cross-functional teams to integrate risk models into business decision-making processes.
• Stay up to date with industry trends and regulatory requirements in risk management
• Formulate and implement policies and procedures.
• Identify potential market, operational and credit risk through indicative analysis.
• Train staff and management in modelling and related issues.
Qualifications and Experience
QUALIFICATIONS & EXPERIENCE
• Degree in Actuarial Science, Mathematics, Statistics or Financial Engineering.
• A professional qualification in a related discipline will be an added advantage.
• At least three (3) years in a financial institution or related field.
SKILLS
• Experience with risk modelling frameworks and tools (e.g., Monte Carlo simulations, econometric models).
• Programming skills in languages such as Python, R, or Matlab.
• Proficiency in Excel.
• Excellent reporting and presentation skills.
How to Apply
REMUNERATION
The position offers an attractive remuneration package commensurate with qualifications and experience.
Interested candidates should email detailed CVs and applications clearly indicating on the email subject heading the position being applied for, to recruitment@posb.co.zw not later than Friday
09 August 2024.
POSB is an equal opportunity employer and female candidates are encouraged to apply.
Only shortlisted applicants will be contacted.
