Your field of responsibility

You will lead independent validation reviews across a wide range of core Risk Capital or other business-impactful models used throughout the bank, meeting business needs and regulatory expectations, with responsibility for investigating key aspects of each model under review: choice of modelling approach, the underlying assumptions and associated limitations, performance and efficient use of the model, etc.
• Seek to review, verify and validate models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, as well as contribute in the firm-wide model risk and control assessment.
• Seek to demonstrate independence in planning and partner engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

The truly global scope of model risk means that this role will involve working with an incredibly broad group of partners from every part of the firm, investigating model risk and model governance standards and performing detailed validation of risk models.

Your future colleagues

The Model Risk Management (MRM) team has a directive to review and approve the models used in the bank in order to make sure that the risk due to design and use of model is accurately managed and mitigated.

As a part of the MRM Enterprise Risk Management IB Stress Testing Validation team, you will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management.

The department values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global cultural values
Remote Working?N/A - pending TWWW agreement Your skills and experience

You are expected to possess the below:
• Hold an advanced degree in a quantitative field, eg. Mathematics, Statistics, Financial Engineering.
• 3-6 year professional experience in financial modelling and/or model validation.
• Hands-on experience of risk and capital modeling, derivatives pricing and broader financial modeling is desirable, but regardless of experience you should be able to demonstrate an understanding of capital modeling, financial and derivative products and mathematics.
• Acquired leadership experience in a technical role of either model development or model validation (advantageous)
• Client focus and can communicate optimally with senior partners, including the ability to explain complex topics to a diverse range of audiences and build positive relationships
• Self-motivated, disciplined, task focused, structure approach when presenting work, and have a proven record of delivering high quality results to strict deadlines.
• Strong knowledge and programming experience of software applications such as R, Python, SQL and Matlab. Model Risk Management CCAR Validation (AVP-VP)
• Understands the value of diversity in the workplace and is dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work