Model Development Manager

Johannesburg, South AfricaFull-timeSeniorOn-sitePosted 19 Oct 2026

Job Overview

Absa Group is hiring a Model Development Manager in Johannesburg (requisition R-15992097; full time; posted 16 October 2026) to join a diverse team of model developers. The role suits an experienced quantitative professional with a strong background in developing PD, LGD and EAD models for Regulatory Capital and IFRS 9 impairments within a banking or consulting environment.

The manager owns the full end-to-end model development lifecycle—development, calibration, enhancement, documentation, implementation and governance—while managing delivery timelines, priorities and dependencies across multiple modelling initiatives. Working closely with model validation, credit, finance and audit, the incumbent ensures full compliance with regulatory requirements and risk frameworks, manages model-risk events, and builds team capability through mentoring, performance and succession management.

Key Responsibilities

• Own the end-to-end model development lifecycle (development, implementation, governance) to BAU and project timelines

• Lead development, calibration, enhancement and documentation of PD, LGD and EAD models for Regulatory Capital and IFRS 9

• Manage delivery timelines, priorities and dependencies across multiple modelling initiatives

• Ensure model development complies with regulatory requirements, risk frameworks and internal policies

• Understand and manage risks and risk events (incidents) in the model development process

• Work with model validation, credit, finance, audit and other stakeholders on governance and implementation

• Provide directional expertise and transfer knowledge to junior team members and peers

• Support mentoring, performance management, talent management and succession planning

• Track industry trends, emerging modelling methodologies and regulatory developments

Required Qualifications

• BSc/MSc in Mathematics, Mathematical Statistics, Statistics or Actuarial Science

• Minimum 3–4 years’ hands-on credit risk model development across PD, LGD and/or EAD

• At least 2 years managing model development teams and/or leading model development projects

• Proven experience across the full model lifecycle: development, implementation, monitoring and governance

• Strong understanding of Regulatory Capital and IFRS 9 frameworks and modelling requirements

• Experience mentoring and developing junior analysts

• Strong analytical, problem-solving and communication skills; able to explain technical concepts to non-technical stakeholders

Skills & Requirements

Credit Risk ModellingPD / LGD / EAD ModelsIFRS 9Regulatory CapitalModel GovernanceModel CalibrationStatistical ModellingModel Validation LiaisonQuantitative AnalysisTeam LeadershipStakeholder Communication