JOB DETAILS
OM Bank - Credit Quantitative Risk Analyst
CompanyOld Mutual Limited
LocationCape Town
Work ModeOn Site
PostedJanuary 19, 2026
About The Company
Old Mutual Limited is a premium pan-African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. We have been helping our customers achieve their lifetime financial goals for over 170 years by investing their funds in ways that create positive futures for them, their families, their communities and broader society.
In this way, we significantly contribute to improving the lives of our customers and their communities while ensuring a sustainable future for our business.
We employ more than 30 000 people and operate in 14 countries across two regions Africa (South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Nigeria, Ghana, Uganda, Rwanda, South Sudan and eSwatini) as well as Asia (China)
So why work here?
We believe you can shape the future with us – a future where we build a better Africa together. That’s why we’re committed to creating opportunities that will give you an edge on the rest. Once you’re part of our team, you will have access to the best breed of advice, tools and frameworks that will equip you to be your exceptional best. #MomentsThatMatter
About the Role
Let's Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
As a Credit Quantitative Risk Analyst, you will play a vital role in analysing credit data, developing credit models, and supporting credit risk management processes.Your responsibilities will involve quantitative analysis, risk modelling, and providing insights to optimise lending practices. You’ll work closely with senior analysts and contribute to the bank’s credit risk assessment.
KEY RESULT AREAS
Credit Risk Modelling and Analysis
- Assist in developing and maintaining credit risk models such as impairment and regulatory type models, scorecards and Stress Testing.
- Analyse historical credit data or alternative credit data to identify patterns and risk factors.
- Use statistical techniques to predict credit risk.
- Assist in designing and developing Credit Monitoring and Credit Reporting Capabilities to be embedded within the credit platform.
- Assist with the interpretation of credit monitoring and credit reports.
Data Preparation and Feature Engineering
- Clean and preprocess raw credit data.
- Create relevant features for credit risk modelling.
- Sourcing, consolidating and analysing large data sets, utilizing strong programming skills and identifying anomalies/trends.
Model Risk Management and Performance Monitoring
- Adhere to the Model Risk lifecycle standards and processes.
- Monitor the credit performance on the portfolios, tracking key metrics such as credit loss, NPL ratios, roll rates and market benchmarks.
- Identify opportunities to streamline credit processes through automation, standardization, and optimization of workflows.
- Ensure compliance with regulatory requirements.
Stakeholder Collaboration
- Liaising with relevant stakeholders, including IT, Front end, Collections, Operations, Finance and other Risk & Business teamsTranslate technical findings into actionable insights.
- Present analysis results to senior management.
ROLE REQUIREMENTS
- Bachelor’s degree in Statistics, Mathematics, or related fields.
- 2 - 4 years' experience in Banking.
- Minimum 2 years’ experience developing credit risk models and/or quantitative analytics.
- Regulatory Capital and IFRS 9 experience
- Proficiency in programming languages (e.g., SAS, Python) is advantageous.
Skills
Action Planning, Analytics Software, Budget Management, Business Intelligence (BI) Analysis, Computer Literacy, Data Analysis, Data Compilation, Data Controls, Data Interpretations, Data Modeling, Evaluating Information, Numerical Aptitude, Report Review, Solution Analysis, Statistical Analysis TechniquesCompetencies
Business InsightCultivates InnovationManages ComplexityOptimizes Work ProcessesSituational AdaptabilityStrategic MindsetEducation
Closing Date
24 January 2026 , 23:59The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
The Old Mutual Story!
Key Skills
Credit Risk ModellingData AnalysisStatistical TechniquesProgramming SkillsData PreparationFeature EngineeringModel Risk ManagementPerformance MonitoringStakeholder CollaborationCredit MonitoringCredit ReportingRegulatory ComplianceAutomationOptimizationNumerical AptitudeBusiness Intelligence
Categories
Finance & AccountingData & AnalyticsTechnology
Job Information
📋Core Responsibilities
As a Credit Quantitative Risk Analyst, you will analyze credit data, develop credit models, and support credit risk management processes. You will work closely with senior analysts to contribute to the bank’s credit risk assessment.
📋Job Type
full time
📊Experience Level
2-5
💼Company Size
17836
📊Visa Sponsorship
No
💼Language
English
🏢Working Hours
40 hours
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