Senior Quantitative Analyst: Capital Management

Requisition Details and Talent Acquisition Contact

REQ 146240 - Michelle Thabethe

Location: Sandton

Cluster: Group Finance - BSM COE

Closing date: 12 June 2026

Job Family

Career Stream

Leadership Pipeline

Job Purpose

Assist with overall measurement, monitoring, and management of capital allocation across the Group within the Board-approved risk framework, while contributing to the implementation of world-class standards.

Job Responsibilities

Capital Planning Strategy Support & Planning 

• Ensure timely and accurate execution of Capital Adequacy Projection Model (CAPM) and Economic Capital aggregation models for Nedbank Group and Nedbank Ltd, delivering reports and actionable insights for management.


• Act as custodian of the CAPM, including oversight of model maintenance, documentation, and validation.


• Actively participate in reviewing and challenging the Group’s capital plan by providing quantitative analysis and presenting findings to senior management.


• Measure, monitor, and manage capital against Board-approved and Management targets, ensuring compliance and optimal allocation.


• Maintain and enhance the Internal Capital Adequacy Assessment (ICAAP) process, incorporating international benchmarking and best practices, and produce comprehensive ICAAP reports.


• Strategically manage capital to ensure ongoing compliance with regulatory requirements, including preparation for regulatory reviews and audits.


• Review and update ICAAP documentation for African Subsidiaries and Nedbank Private Wealth International, providing recommendations for improvements.


• Assist with capital management activities in Nedbank African Subsidiaries, including preparation of capital reports and analysis of capital adequacy.


• Contribute to ALCO, Pillar III, GRCMC, Opcom, and annual financial statements by preparing and presenting capital-related analyses and insights.


• Challenge CAPM and Economic Capital models by evaluating input assumptions, conducting output analyses, and documenting findings to test and improve model functionality.


• Work directly with business units to promote understanding of strategic capital management and deliver value-added contributions that enhance capital allocation and resource management.


• Support the Group’s regulatory capital processes, ensuring alignment with Basel III/IV and internal governance standards.


• Collaborate with stakeholders across Finance, Risk, Treasury, and business units to provide insights into capital consumption, returns, and value creation, delivering presentations and reports as required.


• Play a key role in building high-quality capital management requirements for Nedbank, including developing documentation and implementation plans.

Essential Qualifications - NQF Level

Preferred Qualification

• Post graduate degree in Statistics/Mathematics/Econometrics/Financial Risk Management/Commerce


• FRM/CQF/CFA  

Minimum Experience Level

• 3-5 years relevant experience in an analytical environment, ideally within capital management or financial modelling

Technical / Professional Knowledge

• Apply capital modelling techniques to develop, validate, and improve capital adequacy and aggregation models.


• Demonstrate Basel knowledge by ensuring compliance with regulatory frameworks and preparing regulatory submissions.


• Conduct data analysis to identify trends, assess risks, and inform capital allocation decisions, using advanced analytical tools.


• Utilize programming skills (Python/SAS/SQL/Matlab/R Studio) to develop, maintain, and enhance capital modelling tools and automate reporting processes.


• Apply financial modelling to support scenario analysis, stress testing, and capital forecasting, producing actionable insights for management.


• Prepare reports and presentations to communicate analysis, findings, and recommendations to stakeholders.

Personal Style & Values

• Demonstrate strong analytical capability by breaking down complex problems, interrogating data and models, and deriving meaningful insights for sound capital decisions.


• Maintain a curious mindset by questioning assumptions, exploring alternative perspectives, and seeking to understand underlying drivers rather than accepting outputs at face value.


• Exhibit a delivery-oriented approach by applying attention to detail, ensuring analysis, modelling, and reporting are accurate and reliable, and recognising the impact of even minor errors.


• Operate with integrity and professionalism, applying sound judgement, objectivity, and accountability, especially when challenging assumptions or influencing decisions.


• Show commitment to continuous learning and improvement, actively developing expertise and adapting to evolving regulatory and industry developments.