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Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella that utilizes a broad spectrum of models to create innovative products for our clients, and to 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 contexts. This is a senior specialist level individual contributor role in which the person will perform 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. This senior specialist will have the opportunity to present work through formal model validation reports, as well as through presentations to model owners and senior management. The nature of the team is very collaborative, and this team member will work effectively with other quantitative analysts at the company, as well as with external consultants. To ensure success, it will be key to evaluate model performance monitoring reports and conduct model annual reviews.
What you haveRequired Qualifications
Advanced degree in a quantitative discipline (economics, statistics, finance, mathematics, physics, engineering)Advanced skill with one or more analytical tools, such as Python, R, SAS, or MATLABPreferred Qualifications
Solid understanding of financial predictive modeling disciplines, such as time series forecasting, consumer behavioral modeling, dynamic equilibrium models, optimization theory, panel data analysis, and decision scienceExperience working as a quant in the financial industryKnowledge of model governance processes and regulatory requirements for large US banksExcellent people skillsStrong oral and written communication skills Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed 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.
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