OM Bank - Senior Credit Quantitative Analyst at Old Mutual Limited

Cape Town, Western Cape, South Africa -

Full Time

Start Date

Immediate

Expiry Date

19 Apr, 26

Salary

0.0

Posted On

19 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Risk Analytics, Underwriting, Quantitative Analysis, Scorecards, Policy Rules, Pricing Strategies, Data Analysis, Stakeholder Management, Commercial Judgement, Statistical Analysis, Portfolio Segmentation, Decision Frameworks, Scenario Analysis, Stress Testing, Credit Assessment, Performance Metrics

Industry

Financial Services

Description

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description As a Senior Credit Quantitative Analyst, you will play a critical role in the development, optimisation, and ongoing monitoring of credit origination and underwriting strategies. You will apply advanced quantitative analysis and credit risk expertise to support responsible growth, profitability, and portfolio quality across lending products. This role combines strategic ownership of originations frameworks with hands-on analytical execution, requiring strong commercial judgement, technical modelling skills, and close collaboration with Product, Data, Operations, and Finance teams. KEY RESULT AREAS Credit Originations & Underwriting Strategy Drive the development, analysis, and continuous improvement of credit origination strategies, ensuring alignment with risk appetite and business objectives. Own and optimise scorecard cut-offs, banding strategies, and decision thresholds to balance approval rates, risk, and profitability. Design, implement, and maintain credit policy rules across originations, ensuring robust risk controls and regulatory compliance. Support the development of loan pricing and credit limit strategies, incorporating risk-based pricing principles and customer segmentation. Lead portfolio segmentation analysis to identify risk, behavioural, and profitability trends across customer cohorts. Credit Risk & Analytics Develop, enhance, and monitor decisioning frameworks used in underwriting and originations. Perform deep-dive profitability, loss, and performance analysis to evaluate the impact of underwriting and pricing strategies. Monitor key origination and early-life performance metrics (e.g. approval rates, bad rates, roll rates, vintage performance). Conduct scenario analysis and stress testing to assess the impact of strategy changes on portfolio risk and returns. Credit Assessment & Decisioning Assess complex or high-value credit applications, exercising expert judgement in credit approval decisions where required. Provide guidance and escalation support for underwriting teams on policy interpretation and exception handling. Ensure consistent, data-driven decisioning across credit approval processes. Risk Governance & Stakeholder Collaboration Work closely with cross-functional stakeholders to embed originations strategies into systems, processes, and operational workflows. Support governance forums by preparing insights, recommendations, and performance reporting on underwriting and originations outcomes. Contribute to the ongoing refinement of risk appetite, lending standards, and credit risk frameworks. Skills & Experience Strong experience in credit risk analytics, underwriting, or originations strategy, ideally within retail consumer or SME lending. Advanced quantitative and analytical skills, including experience with scorecards, policy rules, pricing, and limit strategies. Proven ability to translate complex analysis into clear, commercially focused recommendations. Strong stakeholder management skills and the ability to influence strategy at a senior level. Comfortable working across strategy, analytics, and operational decisioning in a fast-paced environment. ROLE REQUIREMENTS Bachelor’s degree in Statistics, Mathematics, or related fields. 5 Years + working within a retail credit environment Strong reporting and analytics background within Financial Services industry Credit underwriting experience in a digital bank is advantageous. Proficiency in SAS programming is advantageous. Skills Action Planning, Analytics Software, Budget Management, Business Intelligence (BI) Analysis, Computer Literacy, Data Analysis, Data Compilation, Data Controls, Data Interpretations, Data Modeling, Evaluating Information, Numerical Aptitude, Report Review, Solution Analysis, Statistical Analysis Techniques Competencies Business Insight Cultivates Innovation Manages Complexity Optimizes Work Processes Situational Adaptability Strategic Mindset Education Closing Date 23 January 2026 , 23:59 The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. The Old Mutual Story! Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.

Responsibilities

The Senior Credit Quantitative Analyst will develop, optimize, and monitor credit origination and underwriting strategies. This role involves applying quantitative analysis to support growth, profitability, and portfolio quality across lending products.