Your Opportunity
Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella to provide oversight over a broad spectrum of models that create innovative products for our clients, and prudently manage our financial risk using sophisticated quantitative approaches.
The Model Risk Oversight team plays a key role in identifying, reviewing, and monitoring all the models at the company.
We are hiring a quantitative analyst to conduct model validations and make additional contributions to the Model Risk Oversight team.
The analyst will need strong quantitative aptitude and a good understanding of how financial models are used in business context to effectively challenge the choice of methods and assumptions.
Prior experience with Asset Liability Management, Liquidity Risk, or Market Risk (Term structure, prepayment, risk metrics of fixed income, derivative hedging, , is desirable.
The job responsibilities will include, but not be limited to :
- Performing model validations following guidelines based on SR 11-7, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment.
- Presenting work through formal model validation reports, as well as through verbal presentations to model owners, senior management, and oversight agencies.
- Collaborating effectively with model owners to identify and drive practical resolutions for gaps in model risk management.
- Evaluating model performance monitoring reports and conducting model annual reviews.
- This will be an individual contributor role.
What you have
Required skills and qualifications :
- Advanced degree in a quantitative discipline (Finance, Economics, Statistics, Mathematics, Physics).
- 5+ years of work experience in quantitative modeling or validation of Asset Liability Management (ALM), market risk or liquidity risk models.
- An in-depth understanding of fixed income instruments, interest rate and prepayment modeling.
- Advanced skill with one or more analytical tools, such as R, Python, SAS, SQL, VBA, or Tableau.
Preferred skills and qualifications :
- Experience with 3rd party ALM applications, such as Polypaths, Bancware or QRM.
- CFA and / or FRM and / or CTP certification.
- Knowledge of model governance processes and regulatory requirements for large US banks.
- Strong verbal and written communication skills.
- Excellent people skills.
Why work for us?
Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams.
Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
Benefits : A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home today and in the future.
Manager, Risk and Process Transformation Consultant
Experience in risk frameworks including risk appetite and taxonomy definition, organizational design and governance, and risk and control process mapping . Our Business Transformation Consultants are also able to function as Process Engineers and Business System Analysts who work with client st...
Senior Analyst Third Party Risk
A company is looking for a Senior Analyst, Third Party Risk to manage customer security assessments and contract reviews. ...
Senior Manager of Consolidation & Financial Reporting
The Senior Manager of Financial Reporting has responsibility for the preparation and review of our quarterly, annual, and other SEC filings and for researching technical US GAAP and IFRS issues. Reviewing and supervising the preparation of Gates' quarterly and annual SEC filings and other external r...
Risk Business Process Manager
A company is looking for a Manager, Risk Business Process. ...
Creative Services Manager and Senior Graphic Designer
Reporting to the Director of Marketing and Branding, this position is both team manager and graphic designer mixed with strategic and out of the box thinking. Manage the creative process from concept to completion, utilizing DEN’s established branding guidelines, providing recommendations and timeli...
Advisory - Cyber & Strategic Risk - Cyber Identity - SailPoint Senior Consultant
Identify and evaluate complex business and technology risks, internal controls which mitigate risks, and related opportunities for internal control improvement. Demonstrate advanced understanding of business processes, internal control risk management, IT controls and related standards. The wage ran...
Managing Consultant, Climate Risk Financial Manager (Senior Level)
Apply quantitative methodologies to climate risk and opportunity assessments, including financial statement analysis, discounted cash flow modelling, cost-benefit analysis, and uncertainty analysis such as Monte Carlo simulations. This role will focus on quantifying the financial implications of cli...
Senior Team Manager, IT Audits and SOX Compliance
Determine a risk-based approach to the IT and Business Process (BP) portions of Schwab’s annual ICFR and ICOC assessments by seeking and applying understanding of Schwab’s risks and controls. This Senior Team Manager will be accountable for the portions of the assessments that they are assigned to p...
Manager / Senior Manager, Compliance & Reporting Specialist
Participate in and contribute to market and business activities external to the firm; build and manage client relationships; team with other professionals to identify new marketplace opportunities and grow the tax practice. Collaborate with and guide internal teams and clients through transition and...
Risk Management - Credit Officer - Vice President
You will have the ability to develop a broad and deep understanding of the business, financial and industry risks faced by clients in the assigned portfolio and utilize that view to properly risk grade borrowers, analyze credit requests, structure credit facilities and negotiate credit agreements an...