Description:
To plan, build, optimise, and implement innovative quantitative analytical methodologies, procedures, products, and advanced mathematical models that provide analytical support and interpret insights to address business opportunities and problems and implement business strategy, with minimal guidance.
Take all necessary actions to ensure compliance with relevant statutory, legislative, policy, and governance requirements in the area of accountability.
Ensure the implementation of relevant policies, governance, and practice standards across the business. Maintain expert knowledge on relevant legislative amendments, industry best practices, and internal compliance procedures and requirements.
Ensure compliance is adopted in terms of systems and procedures as laid out by the business. Implement and provide input into the development of governance and compliance procedures and processes within the area of specialization and identify risks.
Innovate by finding the best-fit solution for the situation such as the flexibility of delivery and customized solutions which result in more efficient outcomes. Maintain ownership of models through regular audits and updates to ensure relevance.
Plan and perform regular model updates that capture evolving business complexity in current models. Challenge current models to ensure relevance and accuracy of outputs. Test outputs and accuracy of models to ensure relevance.
Use data and analytic insights to provide input into improving customer experience through a better understanding of the customer's context to identify monetization opportunities and monitoring the implementation of business decisions to recommend enhancements utilizing statistical modeling and data analysis.
Validate, interpret, and create reports and presentations for data analytics management and relevant stakeholders. Review and assist more junior Quantitative Analysts with processes and models.
Adhere to model building policies, standards, frameworks, and governance processes. Ensure ethical usage of information that complies with restrictions applied for privacy and sensitivity classification.
Understand and ensure implementation and adherence to Privacy business requirements, legislation, and policy. Ensure the reporting of any Information Privacy Incidents and escalate appropriately for resolution of Privacy and Protection Audit Findings, Complaints, Incidents, Investigations, and Privacy and Protection Assessments.
Provide input into the creation of delivery plans for the achievement of outputs/deliverables in collaboration with business stakeholders to understand information requirements for strategy delivery and define metrics that track performance.
Assist in the analysis of available data to identify information commercialization opportunities that have not been explored to address business needs and revenue options. Assist in the productionilization of analytics in the approved FirstRand architecture by translating technical data information into practical business information that addresses identified needs.
Analyze information requirements, availability, and quality of data to feed into management for resolution. Contribute to the development of core analytical capabilities or model libraries using advanced statistical, quantitative, or econometric techniques and utilize as appropriate.
Collaborate with numerous departments across the business to aid them in the proper use of data to ensure the delivery of desired operational results. Participate in relevant project related to the business's overall analytical needs and opportunities. Assist as SME for analytics applying own understanding of the operations of the business product or service.
Determine the business questions that need to be answered and determine appropriate analytics models for utilization. Source and do some preparation (20-30%) of relevant data sources for analysis. Translate business requirements into tangible models utilizing own understanding of the business value of projects, models, and processes.
Develop and apply analytical algorithms and methods to build, test, and implement robust mathematical models and analytical solutions that address business problems, opportunities, and improve business outcomes (i.e., reduced risk and costs, increased profitability, optimized efficiency) and to facilitate strategic decision-making.
Build models that analyze processes to recommend areas for optimization to achieve cost savings, revenue generation, or efficiency improvements for the business. Document and audit relevant processes. Document and implement models to address specific business requirements.
Conduct appropriate manipulation and analysis of data to proactively identify and meet the needs of the business for the purpose of future work and to ensure high information-quality and reliability across the business. Deliver within broad parameters.
Job Details:
Application Closing Date: 04/06/24
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
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