If you have potent and proven mathematical and statistical skills, combined with an analytical mind and a problem-solving approach to challenges, join Nedbank Quants Graduate Programme for the 2022 intake today.
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Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. The bank was founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika (“Dutch Bank and Credit Union for South Africa”).
In the same year, the bank opened an office in Church Street, Pretoria, South Africa. In 1903, the company was renamed Nederlandsche Bank voor Zuid-Afrika (“Dutch Bank for South Africa”).
In 1906, the bank expanded and an office in London was opened. The bank split in 1951, renaming its South African counterpart as Nederlandse Bank in Suid-Afrika/Netherlands Bank of South Africa (NBSA).
In 1969, the number of South African shareholders increased significantly and the company became 100% South African-owned after the Bank Mees and Hope sold 20% of its shares. Then, the South African counterpart was completely independent.
If you have what it takes to be a part of this leading banking firm, keep reading. Below you will find all the information you need to secure your position in the Nedbank Quants Graduate Programme.
Nedbank Quants Graduate Programme: A Programme Overview
The Nedbank Quants Graduate Programme offers exceptional quantitative and capital risk management exposure through bank-wide rotation opportunities over a two-year graduate experience.
The programme is an environment that enables your success through the support and access to coaching and mentorship. Through the programme, you will be exposed to leadership opportunities and participate in driving the strategic direction of the programme.
As a Quantitative Analyst, you will be responsible to:
- Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank;
- Contribute to the Nedbank Quants Training Programme by pro-actively participating in programme committees/structures;
- Ensure business needs are met by engaging and assisting business through face to face interaction and attendance at forums and committees;
- Assist the business to address queries by extracting and analysing data;
- Ensure continuity and knowledge base through documenting and recording processes and models;
- Ensure compliance to policy through data analysis and monitoring;
- Establish an understanding of processes by bridging the gap between operational and analytical concepts through communication;
- Improve personal capability and stay abreast of developments in the field of expertise by identifying training courses and career progression for self through input and feedback from managers as well as sharing knowledge and industry trends with the team; and
- Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
Programme Benefits
If you aspire to have an exciting career specialising in quantitative and capital risk management, joining this tailor-made graduate programme will help you achieve your dreams by opening up opportunities for you.
You will have the chance to be rotated across several business areas for a period of up to two years, being extensively exposed to a broad range of quantitative risk management techniques, such as model development, model validation, scorecard calibration and stress testing.
Even though you will join the various business units at an entry-level position, you will be treated as an indispensable member of the team. Your work will include the development and maintenance of models that form an integral part of our business processes, as the advanced risk measures produced by these models inform the bank’s decision making and strategy.
Eligibility Requirements
Basically, to apply you must:
- Have an interest in quantitative risk management within the financial services sector; and
- Currently be registered for a postgraduate qualification in applied or pure mathematics, statistics, econometrics, engineering, financial engineering, or quantitative risk management.
Other qualifications with a strong quantitative element will also be considered, such as:
Minimum Experience Level
No experience required
Essential Qualifications – NQF Level
- Advanced Diplomas/National 1st Degrees/Undergraduate Degree; or
- Matric/Grade 12/National Senior Certificate
Preferred Qualification
Postgraduate degree, Honours, or Master’s degree (with majors in pure mathematics, applied mathematics, statistics, engineering, econometrics, financial engineering, quantitative risk management or similar)
Technical/Professional Knowledge
- Business Acumen
- Industry trends
- Microsoft Office
- Principles of project management
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Risk management process and frameworks
- Business writing skills
- Quantitative Skills
- Governance, Risk and Controls
Behavioural Competencies
- Adaptability
- Applied Learning
- Earning Trust
- Communication
- Stress Tolerance
- Driving for results
- Continuous Improvement
- Technical/Professional Knowledge and Skills
- Decision Making
- Managing Work
- Quality Orientation
How to Apply for the Nedbank Quants Graduate Programme
Applications for the Nedbank Quants Graduate Program can be made online. First of all, you need to visit the registration webpage here. Then, scroll down the page and click the “Apply now” button.
Upon clicking, you will see two registration options available. You can apply either by submitting your LinkedIn profile or filling out a form directly on the web.
If you choose the first option, you can use your LinkedIn profile to join the Nedbank talent community, receive notifications for future jobs, and begin the application process. Meanwhile, by filling out the application form via the web, you can join the Nedbank talent community, receive future job announcements, and start the application process.
Closing Date
The applications for Nedbank Quants Graduate Programme’s 2022 intake are open and close on 30 June 2021. Apply immediately before the deadline. The programme will disqualify applicants with late submissions.
Announcement of winners will be made no later than two weeks after the closing date. Please understand that you are an unlucky applicant if you do not receive any news.
Contact Details
Do you have any questions regarding the Nedbank Quants Graduate Program? Send your inquiries by post at the address below or by calling the following numbers.
Nedbank Group Limited
135 Rivonia Road, Sandown, 2196
Sandton
+27112944444
Gauteng Office: +27112944444
Western Cape Office: +27214123000
Eastern Cape Office: +27413935800
KwaZulu Natal Office: +27313641000
Nedbank Quants Graduate Programme Official Website
For information regarding this opportunity visit the official website of Nedbank at www.nedbank.co.za. Alternatively, you can bookmark this webpage to get the latest updates from time to time. Also, you can get complete information on other opportunities, for example: