Job Description

To create the vision, culture and strategic direction for the Department and contribute to the business overall strategy. To manage a portfolio of products and services across a Pricing Function or Franchise through effective delivery of advanced mathematical models and pricing solutions thereby enhancing customer experience and grow business value. To provide support in the successful management of the pricing and profit margins written on new and existing business. To influence the behavior of a technical team by leading and directing a team of analytically minded resources to ensure the Banks financial performance is enhanced by exceeding agreed performance objectives.Develop and maintain a pricing strategy aligned with overall business objectives, ensuring competitiveness and sustainability.Support the launch of new products and enhancements, integrating business unit growth strategies and risk appetite considerations.Drive alignment with credit risk, treasury, and finance teams to ensure pricing reflects risk, cost, and profitability dynamics.Ensure all pricing structures adhere to regulatory requirements, internal policies, and governance frameworks.Oversee model input approvals, technical model signoffs, and Pricing Committee management.Maintain oversight of pricing mandates and exception reports, ensuring consistency and compliance.Drive training initiatives to embed a strong culture of pricing governance within the organisation.Streamline pricing processes to enhance efficiency and customer experience.Oversee the implementation of pricing tools/systems driving the pricing on platform journey.Leverage automation and digital capabilities to improve pricing accuracy and responsiveness.Utilise data analytics to drive insights into customer behavior, market trends, and pricing effectiveness.Monitor the accuracy of expected vs. actual profitability, ensuring data-driven decision-making.Optimise fee structures to ensure fairness, competitiveness, and consistency across segments and systems.Develop relationship pricing strategies that enhance customer lifetime value and revenue optimisation

Qualification

Relevant undergraduate qualification in a Science discipline, Mathematics, Financial Mathematics, Financial Engineering, Statistics, Computer Science, Actuarial SciencePreferred: Relevant post graduate qualification

Experience

5+ years financial modelling, credit and pricing in the financial services industry with three of those leading a teamOR8+ years in Data Analytics environment

Knowledge and Skills

Risk product knowledgeCompliance knowledge relating to regulatory and legislative requirementsFinancial analysis and interpretationPricing modellingKing IVGeneral business acumen and negotiating skillsCredit products and channelsCredit strategies and levers

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

02/04/25

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.