Quantitative Analyst

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Date: 21 Jul 2026

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

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We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below.

Ready to Shape the Future of Financial Modelling?

As a Model Validation Analyst (Financial Modelling), you will independently review, challenge, and validate financial models used to support critical business decisions across the bank. You'll work closely with model developers, risk teams, and stakeholders to ensure that models are robust, fit for purpose, and aligned with regulatory and governance requirements.

This role offers exposure to a wide range of high-impact modelling disciplines, including:

  • IFRS 9 Provisioning Models
  • Credit Risk Scorecards
  • Pricing Models
  • Capital Models
  • Stress Testing Models
  • Portfolio Risk Analytics
  • Model Risk Governance and Validation

 

What You'll Be Doing

  • Validate and challenge complex financial and credit risk models.
  • Assess model assumptions, methodologies, performance, and limitations.
  • Review provisioning, capital, pricing, and scorecard models.
  • Perform quantitative analysis to identify model risks and opportunities for improvement.
  • Interact with senior stakeholders and provide independent recommendations.
  • Contribute to the enhancement of model governance and model risk management practices.
  • Translate complex technical concepts into clear, actionable business insights.

Experience

Minimum Experience

  • 3+ years' experience in financial modelling, quantitative analytics, or credit risk modelling.Practical end-to-end model development experience.
  • Experience with one or more of the following:
    • IFRS 9 / Provisioning Models
    • Credit Risk Scorecards
    • Pricing Models
    • Capital Models
    • Stress Testing Models
  • Strong statistical analysis and quantitative problem-solving skills.
  • Practical SQL experience.
  • Experience using Python, SAS and/or R

 

Ideal Experience:

  • Banking or financial services experience.
  • Model validation or model risk management experience.
  • Exposure to Basel or regulatory capital frameworks.
  • Knowledge of retail banking products such as Personal Loans, Credit Cards, Home Loans, or Vehicle Finance.
  • Experience presenting technical findings to senior stakeholders.

Qualification (Minimum)

  • Completed degree in Mathematics, Statistics, Data Science, Actuarial Science, Quantitative Finance, Economics, or a related quantitative field.

Qualifications (Ideal or Preferred)

  • Honours Degree in Mathematics or Statistics

Skills

  • Analytical Skills
  • Attention to Detail
  • Communications Skills
  • Computer Literacy (MS Word, MS Excel, MS Outlook)
  • Numerical Reasoning skills

Conditions of Employment

  • Clear criminal and credit record

Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.