Capitec Client Care
Are you passionate about model risk management and validation? Do you have experience in financial institutions working with machine learning, predictive models, and financial models? Capitec Bank is seeking an experienced Model Validation Analyst to join our dynamic team in Stellenbosch, Western Cape. This role will enable you to utilize your technical expertise in model validation and governance, helping us ensure compliance with regulatory requirements and internal standards.
At Capitec, we are committed to building the best bank in the world by enabling our employees to thrive, innovate, and drive positive change. If you share our passion for making a difference, we would love to hear from you!
Why Choose Capitec?
✔ Client-first approach – We always prioritize our clients and their needs.
✔ Innovative environment – Work with advanced machine learning tools and cutting-edge financial models.
✔ Growth opportunities – We believe in the continuous development of our employees, offering diverse career paths.
✔ Comprehensive employee benefits – Competitive salary, wellness programs, and savings benefits.
✔ Supportive work culture – Capitec fosters a culture of collaboration, respect, and personal growth.
About the Role
As a Model Validation Analyst, you will play a pivotal role in ensuring model risk is effectively managed across Capitec Bank. Your responsibilities will include:
- Validating and reviewing models used for credit risk, financial modeling, and machine learning.
- Ensuring compliance with regulatory standards and internal governance, particularly in the areas of model development and implementation.
- Conducting technical reviews of machine learning and predictive models, ensuring their robustness and accuracy.
- Collaborating with cross-functional teams across data science, finance, and credit risk to ensure that models align with business objectives.
- Providing recommendations for model improvement and enhancement to meet regulatory and internal requirements.
- Analyzing and communicating model results to stakeholders and senior management, ensuring that complex modeling concepts are understood.
This role will provide you with a chance to work with advanced data science models and play a key role in optimizing Capitec’s risk management processes.
Ideal Candidate Profile
✔ Experience:
- 3+ years of hands-on modeling experience within financial institutions or relevant industries.
- Proven model validation and review experience, particularly with machine learning models, financial models, and credit risk models.
- Practical experience in end-to-end model development is required.
- Experience with Python, R, SQL, and working with both relational and non-relational databases.
- Familiarity with modern deep learning frameworks such as TensorFlow and PyTorch.
✔ Ideal Skills:
- Understanding of the credit lifecycle and its application in model development and validation.
- AWS technologies experience would be beneficial.
- Banking product experience will be an advantage, especially in credit risk and financial modeling.
Key Competencies
✔ Analytical skills – Strong ability to analyze complex models and recommend improvements.
✔ Communication – Effective in explaining complex technical concepts to both technical and non-technical stakeholders.
✔ Attention to detail – Ability to spot inconsistencies and ensure that models are accurate and compliant.
✔ Collaboration – Work effectively with cross-functional teams to achieve common goals.
✔ Problem-solving mindset – Capable of offering practical solutions to complex modeling issues.
Education & Qualifications
✔ Degree in Data Science, Mathematics, Statistics, or Actuarial Science (Honors or higher is preferred).
✔ Additional qualifications or certifications in financial modeling, risk management, or machine learning will be an advantage.
Why Work at Capitec?
At Capitec, we provide an inclusive, collaborative, and growth-focused environment where your career can flourish. We’re committed to creating an environment where employees feel valued, supported, and empowered to innovate. With our focus on providing value to our clients and employees, we offer you the opportunity to make a meaningful impact.
Additional Information
- Clear criminal and credit record required.
- Capitec is committed to diversity, and all appointments will be made in support of our employment equity goals.
How to Apply
If you are passionate about model validation and risk management, and you have the relevant skills and experience, we encourage you to apply!
- Complete a short assessment to discover more about life at Capitec here.
- Once finished, click Apply Now to submit your application and take the next step in your career.
Find similar jobs at:
https://careerjunctionza.co.za/jobs/
Tips for CV related to this post:
- Highlight your experience in model validation: Focus on any hands-on work you’ve done with financial models, machine learning models, or credit risk models.
- Emphasize your technical skills: Showcase your proficiency in Python, R, SQL, and experience with tools like TensorFlow and PyTorch.
- Demonstrate your understanding of risk management: Make sure your CV reflects any experience in ensuring compliance with regulatory standards and internal governance processes.
- Provide examples of model development: Highlight any end-to-end model development work you’ve been involved in, particularly in financial institutions.
Capitec Bank is an authorized financial services provider (FSP 46669) and a registered credit provider (NCRCP13). Capitec Bank Limited Reg. No: 1980/003695/06
