Junior Quantitative Analyst

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

Role Summary

We are looking for a Junior Quantitative Analyst to work on developing and implementing quantitative models to support investment strategies and risk management. The successful incumbent will be responsible for complex modelling calculations and analysis, as well as the design and construction of appropriate models across the organisation. Continuously researches and assesses new processes for model development and enhancement.

The successful candidate will join a team that is committed to excellence, innovation, and the highest ethical standards. If you are driven by a passion for investments and a desire to make a significant impact on the financial well-being of our clients, we would like to hear from you.

Key Responsibilities include:

• Model Development:
  • Building and back-testing trading models.
  • Design, construction and documentation of appropriate models across the organisation

• Risk Management:
  • Performing risk analysis and maintaining risk tools.
  • Analyze, assess, and quantify the risks associated with products, individual applications, business activities, and the market to determine whether any risk is within the agreed risk appetite.
  • Undertake tactical risk modelling.

• Data Analysis:
  • Analysing financial data to support portfolio management and trading decisions.
  • Run advanced and predictive analyses and perform model assessments, validation, and enhancement activities, using predictive analytics' software tools and functionalities.
  • Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

• Product Support:
  • Assisting in the launch of new products and managing existing ones.
  • Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.

• Automation: Implementing automated tools for various business functions.

Qualification, Skill and Experience:

• A postgraduate qualification in a quantitative field such as Mathematics, Statistics, or Finance.
• A minimum of 3 years in a related role, such as quantitative finance or risk analysis.
• Proficiency in programming languages, such as Python, SQL, and Excel. 
• Exceptional analytical skills, with the ability to interpret complex financial data and market trends.
• Strong communication and interpersonal skills, capable of building and maintaining relationships with a diverse set of clients.

Responsible for complex modelling calculations and analysis. Designs, constructs and documents appropriate models across the organisation. Continuously researches and assesses new processes for model development and enhancement

Responsibilities

Data Collection and Analysis

Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Data Exploration

Conduct research and select relevant information to enable analysis of key themes and trends using primary data sources and business intelligence tools.

Advanced and Predictive Analytics

Run advanced and predictive analyses and perform model assessments, validation, and enhancement activities, using predictive analytics' software tools and functionalities.

Risk Scenario Modeling

Analyze, assess, and quantify the risks associated with products, individual applications, business activities, and the market to determine whether any risk is within the agreed risk appetite. Undertake tactical risk modeling.

Insights and Reporting

Prepare and coordinate the completion of various data and analytics reports.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.

Business Performance Metrics

Lead projects or area within the realm of business performance metrics involving identification, development, and tracking of key performance indicators.

Operational Compliance

Maintain and renew a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards. Or identify, within the team, patterns of noncompliance with the organization's policies and procedures and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an in-depth understanding of technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

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 Techniques

Competencies

Business Insight

Cultivates Innovation

Manages Complexity

Optimizes Work Processes

Situational Adaptability

Strategic Mindset

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

31 March 2025 , 23:59

The 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.

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