Job Details

📌 Position: Quantitative Analyst – IFRS 9 or Capital (ICAAP) Modelling
🏢 Company: Capitec Bank
📍 Location: Stellenbosch, Western Cape, South Africa
💼 Employment Type: Permanent
🏦 Industry: Banking & Financial Services
📊 Specialisation: IFRS 9 / Basel / ICAAP Financial Modelling

Company Overview

Capitec Bank is one of South Africa’s leading retail banks, recognised for its simplified banking model and data-driven decision-making approach. The bank operates within a highly regulated financial environment and places strong emphasis on robust risk management, capital adequacy, and financial forecasting frameworks.

The organisation leverages advanced quantitative methodologies aligned to regulatory standards such as IFRS 9 and Basel capital requirements to maintain sustainable growth and financial resilience.

Job Overview

The Quantitative Analyst will embed, optimise, and maintain complex pricing and financial frameworks, with a primary focus on IFRS 9 impairment modelling or ICAAP capital modelling.

The role involves running and enhancing existing financial models, developing new modelling components, and ensuring model outputs are accurate, regulatory-compliant, and strategically aligned. This position operates within a mathematically intensive and analytically rigorous environment.

Key Responsibilities

Maintain and optimise IFRS 9 or ICAAP financial models
Execute and enhance complex pricing and capital frameworks
Develop components of new financial and risk models
Perform advanced statistical and financial mathematical analysis
Support forecasting and budgeting processes
Ensure regulatory alignment with Basel and IFRS frameworks
Analyse macroeconomic and regulatory impacts on financial models
Contribute to model governance and quality assurance standards

Qualifications

Education

Minimum:

Honours Degree in Mathematics or Statistics

Preferred:

Master’s Degree in Mathematics or Statistics

Experience

Minimum:

Honours Degree with 1–3 years’ analytical experience in a mathematically complex financial modelling environment
OR
Master’s Degree with 0–2 years’ analytical experience in financial modelling

Advantageous:

Experience within Capitec Bank
Exposure to credit pricing or provisioning models

Skills & Knowledge

Technical Knowledge:

Forecasting and budgeting methodologies
Advanced statistical analysis
Advanced financial mathematics
Credit pricing and provisioning principles
IFRS 9 impairment modelling
Basel regulatory frameworks
ICAAP capital adequacy modelling
Regulatory and economic impact assessment

Core Skills:

Strong analytical and numerical reasoning ability
High attention to detail
Advanced MS Excel proficiency
Effective written and verbal communication
Structured and systematic problem-solving approach

CV Tips

Clearly indicate whether your experience relates to IFRS 9, Basel, or ICAAP frameworks.
Highlight specific modelling tools used (e.g., Excel, Python, SAS, R).
Quantify impact where possible (e.g., “Improved impairment forecast accuracy by 8%”).
Include academic research topics if relevant to financial mathematics or econometrics.
Showcase exposure to regulatory reporting environments.
Keep your CV technically structured and results-oriented.

Benefits of Joining the Company

Exposure to complex, high-impact financial modelling frameworks
Work within a highly analytical and data-driven banking environment
Opportunity to deepen expertise in IFRS 9 and capital adequacy modelling
Professional growth within a leading South African bank
Collaborative environment with experienced quantitative professionals

Company Policy

Capitec Bank is committed to maintaining high standards of integrity, compliance, and governance.

Employment is subject to a clear criminal and credit record. The bank supports diversity, equity, and inclusion in accordance with applicable South African legislation and internal policy frameworks.

To apply for this job please visit careers.capitecbank.co.za.