Responsibilities:
- Ability to Develop, enhance and validates the methods of measuring and analysing risk (inc. market, credit and operational) as well as both scoring models and scoring model related policies.
- Responsible for Managing model risk across the entire model life-cycle including model validation, Model Governance, the ongoing performance evaluation and annual model reviews.
- Carryout in depth analysis and reporting that will be used to assess risk across the bank and to assist in the implementation of a robust risk framework.
- Assist the Quants, Risk and IT teams in the design, development and implementation is engines for analytic purposes for all product lines.
- Manage stakeholder interaction with model developers and business owners during the model life-cycle with the aim of achieving business results.
- Present Model Validation Findings to senior management, senior stakeholders and supervisory bodies across the business
- Ability to challenge and provide recommendations for change to model assumptions, mathematical formula and the implementation process - ensuring all tasks are actioned.
- Ability to quantify and assess model risk from the analysis of the banks model limitations and provide a detailed report of recommendations to mitigate risk and enhance controls
Qualifications;
- MSc or a PhD in Finance, Economics, Mathematics, Physics, Statistics, Engineering or an equivalent in other science disciplines.
- 6-10 years' experience within Model Validation, Model Development, Treasury or a Risk Stress-testing position, with the ability to apply your quantitative experience in a Risk Management role.
- Proficient in SAS, Python, R, SQL, capable of building and testing prediction models, handling large data sets and for analysis purposes.
- Good knowledge and understanding of a variety of model development and validation testing techniques covering risk models.
- Demonstrated project management and organisational skills and capability to handle multiple projects at one time
- Previous experience managing a team and supporting/developing junior members of the team.
- Strong communication skills and previous stakeholder experience.
