Nedbank offers retail and wholesale banking services, as well as asset management, wealth management, and insurance. The bank has strategic alliances around the world and is known for its reputation for personal relationships, consistency, and attention to clients’ needs.
Nedbank Group Limited (Nedbank) is a South African bank holding company that was created in 1888 -Amsterdam and was called Nederlandsche Bank en Credietvereeniginig.
In 1831, the Cape of Good Hope Bank was established, and the bank has undergone several name changes, including The Nederlandsche Bank voor Zuid-Africa, the Netherlands Bank of South Africa (NBSA), and Nedcor Group. In 1951, the bank expanded to South Africa as the Netherlands Bank of South Africa Limited. In 2003, Nedbank Group was formed.
- Nedbank Group’s primary market is South Africa, however, we are continuing to expand into the rest of Africa.
- Outside South Africa we operate in five countries in Southern African Development Community (SADC), through subsidiaries and banks in Lesotho, Mozambique, Namibia, eSwatini (Swaziland) and Zimbabwe.
- In Central and West Africa we have a strategic alliance with Ecobank Transnational Incorporated (ETI) and we have representative offices in Angola and Kenya.
- Outside Africa we have a presence in key global financial centres to provide international financial services for Africa-based multinational and high-net-worth clients, in Guernsey, Isle of Man, Jersey and London, and we have a representative office in Dubai.
2009
- Bought out Old Mutual’s stake in the bancassurance and wealth joint ventures.
- Received regulatory and Competition Commission approval to acquire the Imperial Bank minorities to create South Africa’s second-largest vehicle finance business.
- Announced Mike Brown as Nedbank Group’s new Chief Executive Officer from March 2010.
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Job Purpose
To contribute to the development and maintenance of best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management.
Job Responsibilities
- Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
- Contribute to the development of differentiated; superior solutions (solution engineering) that meet stakeholder and business requirements through analysis; business requirements gathering and designs validation.
- Manage client expectations by liaising with stakeholders through the model build process as well as the systems and strategy development process.
- Ensure accuracy and feasibility through impact analysis for newly developed products.
- Providing advice to key operational areas ensuring optimal resource allocation and desired results through analysis and communication.
- Ensure continuity and record keeping through formal sign-off at forums and by creating documentation.
- Ensuring the correct return is generated on new business.
- Assisting in the testing and implementation of credit and pricing changes.
- Analysis of credit risk and pricing recommendations based on data analysis/statistical methods.
- Data extraction, data manipulation and highlighting of key insights are a pivotal part of the role.
- Continuous ad-hoc queries and presenting such to relevant stakeholders.
Essential Qualifications – NQF Level
- Matric / Grade 12 / National Senior Certificate
- Advanced Diplomas/National 1st Degrees
Qualification
- Matric / Grade 12 / National Senior Certification
- 3-year STEM (Science, technology, engineering and mathematics) qualification, Mathematics, Finance or Actuarial Science preferable
Minimum Experience Level
- 1 – 3 years of banking/ pricing experience
- 1 – 3 years’ experience in Business Analysis and Statistics
- Strong skills in attention to detail and self-checking
Technical / Professional Knowledge
- Business Acumen
- Industry trends
- Microsoft Office
- Principles of project management
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Risk management process and frameworks
- Business writing skills
- Microsoft Excel
- Quantitative Skills
Behavioural Competencies
- Adaptability
- Applied Learning
- Earning Trust
- Communication
- Stress Tolerance
- Driving for results
- Continuous Improvement
- Technical/Professional Knowledge and Skills
