Quantitative Specialist – 17 October 2026

To apply, click on the link at the end of the posts and all the best with your applications

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top and largest investment managers in South Africa and the rest of the
African continent, with current assets under management at over R3.6 trillion. At the centre
of our growth is a team of self-driven professionals who are results-focused

We are currently seeking applications from dynamic individuals for the following position:

• Position: Quantitative Specialist
• *Job Grade: E1 – E4
• Ref: QSP002
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporration, Pretoria

Purpose of the role:
As part of the Research and Innovation team the candidate will undertake quantitative models and provide
information and investment ideas to the Head: Research & Innovation and Investment teams.

Requirements:

• Postgraduate degree with specialisation in the quantitative discipline (quantitative finance,
  mathematics, statistics, data science, financial engineering, computer science, etc).
• Master’s degree/CFA/CAIA/FRM would be advantageous.
• 8 – 10 years’ experience in quantitative research & modelling, portfolio construction &
  optimisation, advanced data analytics, data management & automation and predictive
  modelling.
• Extensive experience in the use of articifial intellegince and machine learning within the
  financial services industry (asset managements, banking, insurance, etc.)

Duties:

• Build mathematical, statistical, and computer (artificial intelligence)-driven models to
  optimise portfolios, manage risk, analyse asset classes, and generate investment alpha.
• Research investment opportunities and analyse trends in various asset classes.
• Develop strategic asset allocation framework for unlisted investments to ensure that PIC
  delivers on its dual mandate of financial returns and socioeconomic impact.
• Collect, clean, and manage unlisted investment data, and automate processes and
  reporting.
• Implement and manage systems that support asset allocation decision-making at the PIC.
• Generate innovative investment ideas and solutions using quantitative tools, artificial
  intelligence and machine learning.
• Build automated dashboards that summarize portfolio investment performance and
  individual asset performance.
• Test and implement risk models to measure the impact of the investable ideas generated
  by the division.
• Support portfolio managers, fund principals, risk teams, and investment committees by
  developing quantitative tools, building optimization frameworks, pricing financial
  instruments, analyzing market data and fund styles.
• Lead, manage, mentor and develop direct reports within the team

Competencies and skills:

• Financial analysis and interpretation
• Quantitative analysis
• AI and ML tools
• Data analytics
• Process automation
• Financial modelling
• Innovation
• Model building
• Sector specific research
• Maintain, develop and update fundamental models
• Presentation skills
• Communication skills
• Strong analytical skills
• Strong numerical skills
• Should possess technical skills Python, Pyspark, ARIMA, R, MATLAB, databricks,
  LSTM/deep learning, Random forecast, K-means, XG Boost, amongst others.
• Must possess the desire and ability to work in a collaborative and intensive team-orientated
  environment within an established investment process.
• Self-starting personality with keen attention to detail, who can work independently. Openminded thought process and innovative idea generation.
• Must possess the desire and ability to work in a collaborative and intensive team-orientated
  environment within an established and successful investment process

Our firm values diversity and excellence, and is committed to realising these across all operations
and investment activities. If you are dynamic, resilient, agile, disciplined and eager to be part of a
team that is focused on creating meaningful change, you are encouraged to apply for this position.

• Grade Range: The grade range for this position is from E1 – E4, commensurate with applicable
  minimum requirements.

The PIC is an equal opportunity employer and aligns appointments with its Employment Equity
Plan.

Please forward a copy of your comprehensive curriculum vitae to: Recruitment4@pic.gov.za

We wish you all the best with your applications