Actuarial Bursary

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To perform defined actuarial modelling, analysis, and reporting activities, applying Actuarial, Statistical and Mathematical techniques under supervision. Gain familiarity with business context, build knowledge and skill, and assist actuarial teams with solving business and financial problems within a business area that requires actuarial capability i.e., risk, product development, product pricing, actuarial valuation, finance etc.,across Standard Bank Group.

Qualifications

Type of Qualification: First Degree 
Field of Study: Actuarial Science

Currently enrolled in a First-Degree programme in Actuarial Science

Required Experience:

• Currently in the first year of study in Actuarial Science
• Demonstrated experience or exposure to actuarial modelling, financial analysis, or quantitative research methodologies

Experience Required
Actuarial 

• Currently in the first year of study in Actuarial Science
• Demonstrated experience or exposure to actuarial modelling, financial analysis, or quantitative research methodologies

Additional Information

Behavioural Competencies:

• Adopting Practical Approaches
• Articulating Information
• Checking Things
• Developing Expertise
• Embracing Change
• Examining Information
• Exploring Possibilities
• Following Procedures
• Generating Ideas
• Interpreting Data
• Inviting Feedback
• Managing Tasks
• Meeting Timescales
• Producing Output
• Providing Insights
• Pursuing Goals
• Showing Composure
• Taking Action
• Team Working

Technical Competencies:

• Data Analysis
• Data Integrity
• Quantitative Analysis
• Statistical & Mathematical Analysis
• Write Code

View all current vacancies at Standard Bank Group →

1. Read the full job description and requirements on this page carefully before applying — tailor your application to what the employer actually asks for.
2. Update your CV and save it as a PDF. Make sure your contact details, most recent experience and qualifications are easy to find.
3. Click the apply button on this page to complete your application on Standard Bank Group's own careers site. The employer manages the shortlisting process directly.
4. Have certified copies of your ID and qualifications ready. Many South African employers request them once you are shortlisted.
5. Applications close on 19 August 2026. Submit well before the deadline — late applications are normally not considered.
6. Keep a record of what you submitted and when. If you have not heard back within a few weeks of the closing date, it is acceptable to follow up politely.

If Standard Bank Group shortlists you for the Actuarial Bursary position, preparation makes the difference. Work through these steps:

• Research Standard Bank Group before the interview — look for their official website, social profiles and any recent news. Interviewers expect you to know why you want to work there specifically.
• Go through the job description above and prepare a specific example from your own experience for each of the main duties. Most interview questions will be drawn from what the advert emphasises.
• Structure your answers with the STAR method — Situation, Task, Action, Result. Concrete stories with measurable outcomes are far stronger than general claims about your abilities.
• Prepare two or three thoughtful questions to ask the panel — about the team, how success is measured in the role, or growth opportunities. It signals genuine interest.
• Plan your logistics early. Confirm whether the interview is in person in Johannesburg or online, and arrive or log in at least ten minutes early.