Financial Engineer - Sandton
Absa Group
Empowering Africa's tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job Summary Financial engineers are experts in the field of mathematical finance, which is a combination of mathematics, statistics, finance and financial markets, who are able to construct, price and value financial products; devise structured financial solutions; develop prototype quantitative finance models; and advise on related risk features, management processes and governance. This role is suited to an individual with At least 3 years of experience in a quantitative role at a financial services institution in a global markets environment. At least a postgraduate degree in engineering, mathematics, statistics, or quantitative finance. Experience with financial markets, financial instruments and regulation is highly beneficial. Experience with object-oriented programming (such as C#) is beneficial. Attention to detail, self-motivated, and strong analytical and problem- solving skills. Excellent communication and interpersonal skills. Develop and maintain pricing, valuation, risk and other statistical models and tools that may be utilized for quantitative finance functions across the front, middle and back offices. Validate the adequacy and efficacy of vendor provided models and tools for quantitative applications across the front, middle and back offices. Design and maintain transformations of market data for the purposes of trading, risk management and quantitative financial modelling. Contribute to and remain up to date with latest developments in industry- and academic-led quantitative finance research. Collaborate with various business area stakeholders (traders, structurers, business analysts, quantitative developers, etc.) to design and implement new trading and risk mitigating strategies. Education Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised
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