The Industrial Development Corporation (IDC) plays a key role in promoting economic growth and sustainable development in South Africa and across the African continent. If you’re looking to take your career to the next level with a leading financial institution, the IDC is currently offering two dynamic roles: Senior Quantitative Manager and Tax Specialist. Both positions provide an excellent opportunity to apply your skills in a high-impact environment.
1. Senior Quantitative Manager
Region: Gauteng
IDC Job Grade: M Band
Posting End Date: 13 February 2025
Key Responsibilities
As the Senior Quantitative Manager, you will be at the forefront of developing and managing quantitative models that ensure best practices in Rating, Pricing, and Valuation within the financial sector. Key responsibilities include:
- Developing Quantitative Risk Models (e.g., Probability of Default, Loss Given Default, Exposure to Default) aligned with international standards.
- Overseeing the Expected Credit Loss (ECL) models in compliance with IFRS 9.
- Leading the validation and performance assessment of existing quantitative risk models.
- Championing model innovation and researching new approaches to improve risk management.
- Collaborating with stakeholders and influencing portfolio reporting from a quantitative perspective.
Qualifications and Experience
- Post-graduate qualifications in Quantitative disciplines (Mathematics, Statistics, Econometrics, etc.) with a Masters or Honors degree.
- 8-10 years’ experience in risk modelling or a similar role, particularly within a financial institution.
- Strong proficiency in SQL/SAS/Python and a solid understanding of the Microsoft suite (Excel, Word, etc.).
- Exceptional leadership skills, with a proven track record of managing high-performing teams.
- Strong stakeholder management, communication, and presentation skills.
Why Apply?
This is an excellent opportunity for professionals passionate about quantitative risk management and eager to make an impact in a leadership capacity. The role requires someone who is not only technically proficient but also capable of guiding teams and influencing decisions at the highest levels.
2. Tax Specialist
Region: Gauteng
IDC Job Grade: M Band
Posting End Date: 7 February 2025
Key Responsibilities
As a Tax Specialist at the IDC, you will provide expert tax advisory services, particularly in tax planning, equity/loan deal structuring, and cross-border investments across Africa. Your main duties will include:
- Offering proactive tax strategies to optimize tax benefits for the IDC, focusing on both local and cross-border tax implications.
- Advising on transfer pricing, tax incentives, and restructuring of investments.
- Reviewing and liaising with external tax experts and auditors to ensure tax compliance.
- Preparing proposals and discussion papers for tax efficiency and strategy for IDC committees and boards.
Qualifications and Experience
- LLB or CA (SA) with a Higher Diploma or Master’s in taxation (desirable).
- 8+ years of post-article experience in tax advisory, preferably within financial services or banking.
- Experience in DFI (Development Finance Institutions), specifically restructuring, turnaround, and business rescue is essential.
- Strong communication and stakeholder management abilities to navigate complex tax structures.
Why Apply?
The Tax Specialist role at IDC is ideal for seasoned tax professionals who want to shape the tax strategy for a leading development finance institution. With a broad range of responsibilities, you will have the opportunity to work on high-level cross-border tax projects and influence tax efficiency for the organization.
Why Work at IDC?
The IDC is a great place to build a career that blends innovation, growth, and sustainability. As a key player in the development finance sector, the IDC provides its employees with opportunities to work on exciting projects that make a real impact on South Africa and the African continent’s economic future.
Both roles offer competitive salaries and the chance to be part of an inclusive and high-performing team.
Closing Dates:
- Senior Quantitative Manager: 13 February 2025
- Tax Specialist: 7 February 2025
Don’t miss out on these exciting opportunities to shape the future of finance and development in Africa. Apply now and take the next step in your professional journey with the Industrial Development Corporation!