[Skip to main content](#main-content) [OpenNash Jobs](https://jobs.opennash.com/) [Hiring report](/reports/hiring/) · [All Absa Group jobs](https://jobs.opennash.com/companies/absa-group/) · [Search jobs](/search/) Absa Group · Johannesburg # Model Development Manager Johannesburg Full-time Manager or lead Listed on Absa Group’s official careers site. Posted October 16, 2026. Check that it is still open and apply there. [Apply on Absa Group’s careers site →](https://absa.wd3.myworkdayjobs.com/ABSAcareersite/job/Johannesburg/Model-Development-Manager_R-15992097-1) [OpenNash Jobs](https://jobs.opennash.com/) / [Absa Group](https://jobs.opennash.com/companies/absa-group/) / Model Development Manager ## Job description 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. Belonging at Absa Absa is committed to creating an inclusive workplace where everyone can thrive. We are an equal opportunity employer and welcome applications from suitably qualified individuals from diverse backgrounds. In support of our Diversity, Equity, Inclusion and Belonging (DEIB) commitments and Employment Equity objectives, preference may be given to candidates from underrepresented designated groups, including persons with disabilities. We encourage applicants who may require reasonable accommodation during the recruitment process to let us know so that appropriate support can be provided. ### Job Summary Join a diverse team of dynamic model developers. We are looking for experienced Model Development Managers with a strong quantitative background in developing PD, LGD and EAD models for Regulatory Capital and IFRS9 impairments within a banking or consulting environment. ### Job Description Accountabilities: - Take ownership of the full end-to-end model development lifecycle, including development, implementation and governance, to meet relevant business-as-usual and project timelines - Lead the development, calibration, enhancement and documentation of PD, LGD and EAD models for Regulatory Capital and IFRS9 purposes - Manage delivery timelines, priorities and dependencies across multiple modelling initiatives - Ensure that all model development activities and duties are carried out in full compliance with regulatory requirements, risk management frameworks and internal policies and standards - Understand and manage risks and risk events (incidents) relevant to the model development process - Work closely with model validation, credit, finance, audit and other stakeholders to support model governance and implementation requirements - Provide directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers - Support mentoring, performance management, talent management and succession planning within the team Keep up with industry trends, emerging modelling methodologies and regulatory developments to ensure increased capability and capacity to build robust models - Contribute to continuous improvement initiatives within the broader modelling and risk environment Qualification and Experience: BSc/MSc Mathematics, Mathematical Statistics, Statistics or Actuarial Science A minimum of 3–4 years hands-on model development experience in credit risk modelling, specifically across PD, LGD and/or EAD models. At least 2 years’ experience managing model development teams and/or leading model development projects. Proven experience managing the full end-to-end model development lifecycle, including development, implementation, monitoring and governance. Strong understanding of Regulatory Capital and IFRS9 frameworks and associated modelling requirements. Experience mentoring and developing junior analysts within a model development environment. Strong analytical, problem-solving and communication skills, with the ability to explain technical concepts to non-technical stakeholders. ### Education Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required) ## At a glance - Posted by the employer: Oct 16, 2026 - First seen by OpenNash: Oct 19, 2026 - Last checked: Oct 19, 2026 - Listed for: 3 days - Location: Johannesburg - Employment type: Full-time[Apply on Absa Group’s careers site →](https://absa.wd3.myworkdayjobs.com/ABSAcareersite/job/Johannesburg/Model-Development-Manager_R-15992097-1) ## More jobs at Absa Group ### [Analyst Liquidity Risk](https://jobs.opennash.com/companies/absa-group/jobs/f299764a0277c7988b77/) Johannesburg ### [Manager: Automation and Digital Enablement](https://jobs.opennash.com/companies/absa-group/jobs/0b5f42168a9923570452/) Johannesburg ### [Manager Project](https://jobs.opennash.com/companies/absa-group/jobs/781ada48ebeccdae8679/) Johannesburg ### [Officer Bus Dev. 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