Senior Data Scientist - FirstRand - Johannesburg

Job Description To plan, build, optimise and implement innovative quantitative analytical methodologies, procedures, products and advanced mathematical models that provide analytical support and interpret insights, using advanced analytics technologies, to address business opportunities and problems and implement business strategy. Take all necessary actions to ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability. Ensure implementation of relevant policies, governance and practice standards across the business. Maintain expert knowledge on relevant legislative amendments, industry best practices and business’s internal compliance procedures and requirements. Ensure compliance is adopted in terms of systems and procedures as laid out by business. Implement and provide input into the development of governance and compliance procedures and processes within area of specialization and identify risks. Innovate by finding the best fit solution for the situation such as the flexibility of delivery and customized solutions which result in more efficient outcomes. Provide input into localization of appropriate model building policies, standards, frameworks, and governance process and integration of business modelling and analytics value chain. Adhere to model building policies, standards, frameworks, and governance process. Ensure own ethical usage of information that complies to restrictions applied for privacy and sensitivity classification. Understand and ensure implementation and adherence to Privacy business requirements, legislation and policy. Ensure reporting of any information Privacy Incidents and escalate appropriately for resolution of Privacy and Protection Audit Findings, Complaints, Incidents, Investigations and Privacy and Protection Assessments. Create delivery plans for achievement of outputs / deliverables in collaboration with business stakeholders to understand information requirements for strategy delivery and define metrics that track performance. Analyse available data to identify information commercialization opportunities that have not been explored to address business needs and revenue options. Productionise analytics in the approved FirstRand architecture by translating technical data information into practical business information that addresses identified needs. Analyse information requirements, availability and quality of data to feed into management for resolution. Contribute to the development of core analytical capabilities or model libraries using advanced statistical, quantitative or econometric techniques and utilize as appropriate. Collaborate with numerous departments across the business to aid them in the proper use of data to ensure delivery of desired operational results. Participate in relevant project related to the business overall analytical needs and opportunities Serve as SME for analytics applying own understanding of the operations of the business product or service. Determine the business questions that need be answered and determine appropriate analytics models for utilization. Source and prepare relevant data sources for analysis. Translate business requirements into tangible models utilizing own understanding of the business value of projects, models and processes. Develop and apply analytical algorithms and methods to build, test and implement advanced mathematical models and analytical solutions that address business problem, opportunities and improve business outcomes i.e., reduced risk and costs, increased profitability, optimized efficiency and to facilitate strategic decision-making. Build models that analyze processes to recommend areas for optimization to achieve cost savings, revenue generation or efficiency improvements for the business. Document and audit relevant processes. Document and implement models to address specific business requirements. Conduct appropriate manipulation and analysis of data to pro-actively identify and meet needs of the business for the purpose of future work and to ensure high information-quality and reliability across the business. Apply own understanding of statistical techniques to determine approach to provide input required for decisions and design or evaluation of experiments. Apply technical concepts such as (Multivariable Calculus, Linear Algebra etc.) concepts to improve predictive performance or algorithm optimization in data defined products. Implement machine learning mathematical algorithms and automation techniques using open-source programming languages such as SAS or Python libraries. Utilize advanced predictive modelling techniques to hold insight into outcomes and future events that confront key assumptions. Utilize data to model complex abstractions in machine learning research to enable deep learning. Utilize pattern recognition technology to recognizes patterns in data and the criteria for use interchangeably with machine learning technology. Build and program own statistical model in statistical software for application development to productionize the model into a software application conducted by software developers. Conduct Text analytics to examine unstructured data to glean key business insights. Understand principles of Data Wrangling to identify and recommend corrective actions for imperfections in data quality. Participate in enterprise-wide high level problem resolution by interacting with relevant engineers and product managers, utilizing appropriate methods and decide when approximations make sense. Conduct data visualization to present data, findings and techniques to audiences, both technical and nontechnical link pictorial or graphical format so it can be easily analyzed utilizing principles of visually encoding data and communicating information. Maintain ownership of models through regular audits and updates to ensure relevance. Plan and perform regular model updates that capture evolving business complexity in current models. Challenge current models to ensure relevance and accuracy of outputs. Test outputs and accuracy of models to ensure relevance. Use data and analytic insights to provide input into improving customer experience through a better understanding of the customers context to identify monetization opportunities and monitoring implementation of business decisions to recommend enhancements utilizing statistical modelling and data analysis. Validate, interpret and create reports and presentations for data analytics management and relevant stakeholders. Review and assist more junior Quantitative Analysts with processes and models. Job Details Application Closing Date 06/03/24 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. Apply Now

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Senior Data Scientist - Johannesburg

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