Welcome to FNB, where we believe help is at the heart of human greatness. Our vision is to be a great business helping to create a better world.
As part of our talent team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.
Role Overview:
To design, develop, validate and optimise advanced quantitative models, analytical frameworks and data-driven solutions that enhance credit risk management, regulatory compliance, and portfolio performance. The role provides deep analytical insight to support strategic decision-making, improve profitability, reduce credit losses, and strengthen model governance, operating with a high degree of autonomy and technical ownership.
Job Summary
- Employer: FNB (First National Bank), part of FirstRand Group
- Job Type: Full-time
- Location: Windhoek, Namibia
- Category: Data Science
- Closing Date: 2026-10-01
Key Responsibilities
- Participate in cross-functional projects to address emerging analytical needs and unlock value across credit lifecycle activities (origination, monitoring, collections, provisioning).
- Use data and analytic insights to provide input into managing credit risk
- Validate, interpret and create reports and presentations for data analytics, management and relevant stakeholders.
- Provide input into creation of delivery plans for achievement of outputs / deliverables in collaboration with business stakeholders to understand information requirements for strategy delivery and define metrics that track performance.
- Assist in productionilisation of analytics in the approved FirstRand architecture by translating technical data information into practical business information that addresses identified needs.
- Contribute to the development of core analytical capabilities or model libraries using advanced statistical, quantitative or econometric techniques and utilize as appropriate.
- Participate in relevant project related to the businesses overall analytical needs and opportunities.
- Translate business requirements into tangible models utilizing own understanding of the business value of projects, models and processes.
Requirements
- A Bachelors Degree in one of the following (Mathematics, Statistics, Engineering, Computer Science, Econometrics, Physics or Actuarial Science).
- Minimum of at least 3 – 5 years relevant experience in a similar environment.
- Experience in credit analytics.
- Familiarity with banking regulation such as BID-2, IFRS9, risk frameworks and compliance requirements.
- Intermediate to Advanced level skills in either SAS, SQL, Python or R.
- Strong communication and interpersonal skills.
- Intermediate to Advanced level skills in data visualization tools (PowerBi or Tableau).
How to Apply
REF Code: R53713
About the Company
FNB Namibia (First National Bank) stands as a cornerstone of financial services across the nation. This prominent bank provides a comprehensive suite of banking solutions, catering to individuals, small businesses, and large corporations throughout Namibia. With a robust network of branches and ATMs, alongside advanced digital platforms, FNB Namibia ensures accessible and innovative financial support for its diverse clientele. The institution plays a pivotal role in the country's economic development, fostering growth and financial inclusion. Operating as a proud member of the broader FirstRand Group, FNB Namibia is deeply committed to empowering its customers and communities within the Namibian landscape.
How can we help you?
Frequently Asked Questions
What qualifications do I need to become a Quantitative Analyst at FNB Namibia?
Most employers require a bachelor's degree in Mathematics, Statistics, Actuarial Science, Economics, or Engineering. A postgraduate qualification (Honours or Master's) in quantitative finance or data science significantly improves your competitiveness. Professional certifications like CFA, FRM, or SAS/PRMIA are highly regarded but not always mandatory.
What does a typical day look like for a Quantitative Analyst at a Namibian bank?
Your day involves building and validating financial models, analyzing credit risk portfolios, and stress-testing scenarios for regulatory compliance. You'll collaborate with risk managers and IT teams to implement quantitative solutions. Reporting to senior management and preparing documentation for Bank of Namibia requirements is also common.
How is the work culture for quantitative roles in Namibian banks?
The culture blends formal corporate banking standards with collaborative team environments. Punctuality, professionalism, and attention to detail are expected due to regulatory scrutiny. Work-life balance varies by department, but month-end and regulatory reporting periods typically require longer hours.
What career progression paths exist for Quantitative Analysts in Namibia?
Analysts typically advance to Senior Quantitative Analyst, then Quantitative Manager or Head of Risk Analytics. Some transition into Chief Risk Officer tracks or specialized roles in treasury, actuarial science, or data science leadership. Regional mobility within FirstRand Group to South Africa is possible for high performers.
What benefits should I expect as a Quantitative Analyst in Namibia?
Standard packages include medical aid (often with family coverage), pension/provident fund contributions, and annual leave of 20-25 days. Banks typically offer performance bonuses, study assistance for further qualifications, and group life cover. Specific benefits vary by employer and seniority level.
How do I apply and what do Namibian employers look for in candidates?
Apply through FirstRand Group's careers portal, LinkedIn, or Namibian job boards like MyNamibia and Careers Namibia. Employers prioritize strong academic records, proficiency in Python/R/SQL, and demonstrated problem-solving through projects or internships. Local experience or understanding of Namibian banking regulations gives candidates an advantage.
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