Quantitative Analyst

Job Description

Foreign Exchange Product House (FXPH) – Pricing & Analytics

FXPH is a business unit within FRB that facilitates currency trades for both individuals and businesses with tailored product structures, for specific purposes, pricing structures, and customer and regulatory experience requirements.

Role Summary:

A technical and specialised role within the FXPH Pricing Team, responsible for developing, implementing, and maintaining pricing models, reports, and strategies. The role plays a key part in driving pricing innovation, supporting data migration, enhancing analytical capabilities, and contributing to strategic business decisions across the bank.

Pricing & Analytics

• Build and maintain robust pricing models using statistical and quantitative methods (SAS, SQL, Python, etc.).
• Monitor model accuracy, conduct regular reviews, and implement updates to reflect business changes.
• Automate and maintain reports and dashboards (e.g. Power BI) to support pricing insights and executive reporting.
• Conduct scenario analysis, trend monitoring, and pricing insights to shape strategic initiatives.

Data & Platforms

• Support migration of FX pricing processes and code to Group-wide analytics platforms.
• Collaborate with the broader Data & Analytics ecosystem, including the Chief Data & Analytics Office (CDAO).
• Prepare and cleanse datasets to enable accurate model development and reporting.

Governance & Compliance

• Ensure model governance, validation, documentation, and audit-readiness in line with internal policies.
• Comply with internal pricing procedures, client pricing validation, and regulatory expectations.

Stakeholder Engagement

• Present analytical findings, pricing insights, and business cases to internal forums (e.g. Exco).
• Act as a key contact for cross-functional teams, including operations, compliance, and business executives.
• Engage with regional teams on pricing strategies and presentations (including occasional travel).

Operational Support

• Assist the operations team by resolving pricing issues using data-driven root cause analysis.
• Maintain and enhance pricing infrastructure in collaboration with the DS3 Analyst.

Preferred Skills & Experience:​

• 3–5 years in a quantitative analyst or data science role, preferably within financial services or FX.
• Proficiency in SQL, Python, SAS, Power BI, and statistical modelling.
• Strong knowledge of foreign exchange pricing models and related financial instruments. (advantageous)
• Experience in automating analytics processes and delivering production-level models.
• Ability to translate technical analytics into business insights and communicate to senior stakeholders.

Qualification:

• Mathematical statistics, Actuarial Science, Applied mathematics , Econometrics, or similar

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

24/07/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.