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Consultant - Model Risk Management

 

Skills

Model validation experience with an understanding of risk assessment processes and approaches. Knowledge of financial crime mitigation products and models used to mitigate the risk.

Solid knowledge of quantitative models as well as numerical methods.

Programming skills such as C/C++/C#, SAS, R, Python, Matlab, Database (Oracle, SQL…) …

Strong communication sills both orally and written

Team player who can excel in a challenging work environment with a desire to learn new thing and the ability to adapt to a changing environment.

Education

Master’s or PhD degree in a quantitative field (physics, mathematics, computer science, etc. is preferable)

Experience

Minimum 5+ years of modeling experience in financial services

Description

We are looking for an enthusiastic Model Risk Consultant to join one of our project teams working on a mission critical Model Validation and Model Tuning programs. The Model Risk Validator will be responsible for conducting independent validation of various types of models.  This role will work cross-functionally within the organization including collaboration with business lines as well as key integral support units.

Coordinating and conducting model validation processes and monitoring in adherence with internal policies, procedures and regulatory guidelines.  Evaluating the models based on various aspects including model data, parameters, design and methodology, implementation and model documentation.

Essential Duties & Responsibilities

Responsibilities will include but are not limited to:

Verify the soundness of the modelling approach of the assumptions used.

Ensure the model is implemented properly.

Ensure compliance with the applicable governance, framework and policies are maintained.

Evaluate the quality of the input data used within the model

Monitor the model outputs and identify the potential limitations

Ensure corresponding documentation respects the firm standard and describes the model accurately

APply Now

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