Quant & Analytics Graduate Program at FirstRand

FirstRand, a leading African financial services group, invites highly analytical and ambitious postgraduate students to join its prestigious Quant and Analytics Graduate Program. This intensive two-year program offers unparalleled practical and immersive exposure to the financial services sector, specifically within the critical areas of quantitative analysis and risk management. As a participant, you will gain specific risk experience across a variety of Business Groups within the expansive FirstRand Group, engaging in diverse and challenging assignments designed to provide a broad understanding of the group’s multifaceted operations. This program is meticulously structured to accelerate your professional development, equipping you with the advanced skills and insights necessary to excel in the complex world of financial analytics and contribute significantly to the group's strategic objectives.

The program emphasizes hands-on learning, mentorship from industry experts, and exposure to cutting-edge analytical tools and methodologies. Graduates will work on real-world projects, contributing to risk modeling, data analysis, and strategic decision-making processes that impact the entire FirstRand ecosystem. This unique opportunity allows for deep dives into various financial products and markets, fostering a comprehensive understanding of quantitative finance and its application in a dynamic banking environment.

Key Responsibilities

• Gaining specific risk experience within a variety of Business Groups across the FirstRand Group, including retail, corporate, and investment banking.
• Participating actively in a two-year Quant and Analytics Graduate programme, embracing practical and immersive exposure to the financial services sector.
• Engaging in diverse and challenging assignments designed to provide broad experience across all of the group’s businesses, fostering a holistic understanding.
• Undergoing psychometric assessments and interviews if shortlisted, demonstrating analytical aptitude and problem-solving capabilities.
• Providing required supporting documents in a single PDF: motivational letter, CV, South African ID, Grade 12 Certificate, and undergraduate transcript.
• Developing and implementing quantitative models for risk assessment, pricing, and portfolio management.
• Analyzing large datasets to identify trends, patterns, and insights that inform strategic business decisions.
• Collaborating with senior quants and business stakeholders to translate complex analytical findings into actionable recommendations.
• Contributing to the continuous improvement of analytical tools and methodologies within the group.

Why Join the Company

Joining FirstRand means becoming part of a leading African financial services group renowned for its innovation, customer-centric approach, and commitment to employee development. The Quant and Analytics Graduate Program offers a competitive graduate salary, reflecting the value FirstRand places on top talent. You will have access to comprehensive employee wellness programs and receive support for individuals with disabilities, with all disclosed information handled confidentially. FirstRand is deeply committed to its Employment Equity plan, fostering an inclusive and diverse workplace where all employees can thrive. Beyond remuneration, graduates benefit from standard perks such as paid leave and invaluable professional networking opportunities within a vast and influential organization. The structured two-year development program provides immersive, practical experience and exposure to all business areas, ensuring robust professional growth through mentorship and on-the-job learning. Successful completion of the program positions graduates for significant career advancement within FirstRand’s various business groups, with strong potential for permanent roles and leadership opportunities in a dynamic and rewarding industry.

How to Apply

Submit a single PDF containing a motivational letter, CV, South African ID, Grade 12 Certificate, and undergraduate transcript. Applications must be submitted online via Workday. Only complete applications will be considered. All applicants will receive feedback after the recruitment process. Disclosure of disability information is voluntary and confidential unless required by law. Please apply using the Quick Apply button on this page.

Salary is estimated based on market research.

• Must be studying a postgraduate qualification (NQF 8 or above) in Actuarial Science, Data Analytics, Mathematics, Statistics, Risk Management, or Engineering.
• Must submit a motivational letter, CV, South African ID, Grade 12 Certificate, and undergraduate transcript as a single PDF.
• Self-starter who enjoys challenges and is eager to gain broad experience in financial services.
• Willingness to undergo psychometric assessments and interviews if shortlisted.
• South African Citizen or Permanent Resident.
• No prior experience is required.
• Possession of a Bachelor's degree or higher qualification level from an institution in South Africa.
• Academic background in Business & Management, Actuarial Studies, Engineering & Mathematics, Mathematics & Statistics.