Capitec Business Bank is growing rapidly, and so is our need for rigorous, independent model validation. We are looking for a senior quantitative specialist to lead the independent validation of all models developed and used in our Business Bank, spanning credit scorecard models (granting, behavioural and collections), IFRS 9 provisions, regulatory capital, pricing and business forecasting. About the Role To independently validate quantitative models across Capitec Business Bank — applying expert-level technical knowledge to assess model soundness, identify weaknesses, and provide structured, evidence-based challenge in line with the Model Risk Management validation standard and applicable regulatory requirements (IFRS 9, Basel, SARB/PA). Responsibilities Conduct thorough, independent model validations in line with applicable standards, frameworks and regulatory requirements. Apply deep technical expertise across the full suite of Business Bank models, providing credible, well-reasoned validation findings that inform model approvals, risk ratings, and remediation plans. Conduct independent validation across all Business Bank models, including: Credit scorecard models: granting scorecards, behavioural scorecards, and collections scorecards Credit pricing models IFRS 9 Expected Credit Loss (ECL) / provisions models: PD, LGD and EAD components; staging logic and forward-looking adjustments Regulatory capital models: credit risk capital under standardised and IRB approaches (Basel III/IV) Business forecasting models: credit loss forecasting, portfolio growth projections, and stress-testing models Qualifications Master's degree in Actuarial Science, Mathematics, Statistics, Engineering, Computer Science or a related quantitative/STEM field + minimum 6 years' relevant experience; OR Honours degree in a quantitative/STEM field + relevant technical qualifications (e.g. FRM, PRM, or equivalent) + minimum 8 years' relevant experience Experience must include hands-on model development or independent model validation in a regulated financial institution Required Skills Expert-level model development and/or independent model validation across all major credit risk model types Conducting model validation reviews and producing high-quality validation reports with clear risk-rated findings Engaging model owners and senior stakeholders to communicate technical findings and drive remediation Quality assurance of models and contributing to peer reviews of others' work Working within a model risk governance or model risk management environment Preferred Skills Deep credit risk knowledge: scorecard development and/or validation (granting, behavioural, collections), PD/LGD/EAD modelling, IFRS 9 ECL frameworks, staging logic and forward-looking adjustments Regulatory capital: Basel III/IV credit risk capital under standardised and/or IRB approaches Business forecasting and stress testing in a banking context Expert-level understanding of modelling techniques: logistic regression, survival models, and Markov chains Regulatory environment: IFRS 9, Basel III/IV, SARB/PA model risk guidance, NCR, POPIA Clear criminal and credit record Equal Opportunity Statement We are committed to diversity and inclusivity. #J-18808-Ljbffr