If you’re a seasoned data scientist with a knack for pricing models, there’s an exciting opportunity waiting for you at First National Bank (FNB). The bank is looking for a talented individual to join their team in Johannesburg, where you’ll play a pivotal role in developing and implementing advanced analytical models. This position isn’t just another job; it’s a chance to apply your expertise in mathematics, statistics, and data science to real-world challenges that directly impact FNB’s business strategies.
Data Scientist Job Overview
- Company: FNB
- Position: Data Scientist
- Location: Johannesburg
- Closing date: 24 August 2024
Key Responsibilities
As a Data Scientist at FNB, you’ll be responsible for several critical functions that drive the bank’s pricing strategies and risk management. Below are the key areas you’ll be working on:
1. Development of Quantitative Analytical Methodologies
- Innovative Modeling: You’ll be tasked with creating and optimizing quantitative models that provide crucial analytical support to the business. These models will be used to interpret data insights, addressing both opportunities and challenges faced by FNB.
- Advanced Analytics Technologies: Utilizing cutting-edge technologies, you’ll help the bank stay ahead in the competitive market by implementing sophisticated mathematical models.
2. Risk-Based Pricing Models
- Model Building and Optimization: You will build and challenge risk-based pricing models across various product platforms, ensuring that FNB’s pricing is competitive yet sustainable.
- Strategic Positioning: Re-imagine and innovate how FNB positions its pricing in the market, using quantitative analytics to optimize the risk-return framework.
3. Behavioural Economics and Decision Science
- Champion-Challenger Strategies: Leverage behavioural economics and decision science to build, test, and execute strategies that enhance FNB’s pricing models.
- Future Fit Models: Ensure that all pricing strategies and models align with FNB’s long-term goals and are adaptable to future changes across the entire value chain.
4. Data Analysis and Forecasting
- Data Evaluation: Collate and analyze internal and external data to forecast business margins and returns. This analysis supports the development of new pricing strategies.
- Impact Analysis: Regularly perform impact analysis to ensure that the models align with real-world experiences, refining them to improve accuracy.
5. Cross-Functional Collaboration
- Model Maintenance: Collaborate with various business functions to maintain and update models, ensuring they meet governance standards.
- Integration and Transition: Work closely with IT to decommission legacy systems and transition to modern, integrated platforms that support advanced pricing capabilities.
6. Team Management and Reporting
- Team Leadership: Manage and upskill a team of junior and senior data scientists, fostering an environment that encourages growth and success.
- Strategic Reporting: Monitor and report on pricing strategies, market insights, and trends. Present your findings to relevant forums to drive strategic decisions.
7. Operational Efficiency
- Revenue Protection: Manage operational efficiencies to minimize revenue leakage, ensuring that FNB’s pricing strategies are both effective and sustainable.
- Resilience: Demonstrate resilience under pressure, thriving in a fast-paced environment while leading your team to success.
Requirements
To be considered for this Data Scientist role, you’ll need the following qualifications and experience:
- Degree in Mathematics, Statistics, or a related field.
- 5-8 years of experience in a similar role, particularly in pricing.
- Proficiency in SAS and SQL.
- Advanced Excel VBA skills.
- Strong leadership and communication skills, essential for managing a team and presenting data insights to non-technical stakeholders.
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Why Work at FNB?
FNB is a leading financial institution in South Africa, known for its innovation and commitment to customer satisfaction. Working at FNB offers the opportunity to be part of a dynamic team that is shaping the future of banking. As a data scientist at FNB, you’ll not only have the chance to apply your technical skills but also to make a significant impact on the bank’s strategic direction.
How to Apply
Interested candidates can apply directly through FNB’s official job portal. When applying, ensure your CV highlights your relevant experience in pricing models, data analysis, and team management. Demonstrate how your skills align with the responsibilities outlined in the job description.
Joining FNB as a Data Scientist is more than just a career move; it’s an opportunity to make a tangible impact on one of South Africa’s most innovative financial institutions. In this role, you’ll leverage your expertise in mathematics, statistics, and data science to shape and refine pricing strategies that drive the bank’s success. You’ll have the chance to work with cutting-edge technologies, lead a talented team, and contribute to critical decision-making processes that influence FNB’s strategic direction.
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If you’re ready to take on a challenging and rewarding role that blends technical prowess with strategic influence, FNB offers the perfect platform for you to thrive. Don’t miss out on the opportunity to be part of a forward-thinking team that values innovation, resilience, and excellence—apply today!