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AVP - Model Validation

  • Job type: Permanent
  • Location: New York
  • Salary: Negotiable
  • Job reference: 190631/001_1541459265
  • Sector: Selby Jennings, Risk Management
  • Date posted: 05/11/2018

Assistant Vice President Independent Model Review:

Location: Jersey City, NJ

Salary:

Description:

A large global bank is currently seeking a responsible and efficient Assistant Vice President to join their team in Jersey City, NJ. The AVP will be responsible for leading the validation and independent review of AML models, Economic capital models, Risk models, Risk Strategy models and Stress Testing models while also reviewing broker dealer reporting framework to ensure compliance with all regulatory guidelines. Additionally the AVP will be tasked with working independent from the creation and management of risk and capital systems thus to ensure that bias is not coming into play. This bank is looking for a motivated and meticulous individual to join their team.

Responsibilities:

  • Assess and validate all risk models, compliance models and analytical tools utilized for calculating risk parameters and best practices.

  • Regularly assess framework of HNAH RWA calculation processes. Ensure appropriateness and conceptual soundness. Test assumptions.

  • Create a program utilizing back testing and benchmarking to assess and validate the risk rating system.

  • Engage best practices, sophisticated modeling techniques and utilize expert opinion and evaluation. Be compliant with policies while conducting validation and review and follow regulation standards.

  • Be an active team member; assist HBUS and HNAH in preparation to meet qualifications for Basel AIRB in a timely manner.

  • Create comprehensive reports for the Credit Review & Risk Identification team, the Head of Risk Management and Reviewees. File reports with the Chief Risk Officer.

  • Be a strong leader of a motivated team. Communicate professionally and effectively.

  • Always reflect company values and support diversity efforts.

  • Contribute to local and economic stress tests as needed.

Qualifications:

  • 5+ years of experience in credit and financial services, advances economic or regulatory credit risk management, credit risk modeling, wholesale lending, ICAAP, EWST, economic capital, credit audit or credit analysis.

  • Bachelor's degree in Business, Industrial Engineering, Mathematics, Operations Research, or Statistics. (Masters Degree preferred).

  • Professional analytical, communications, decision-making, interpersonal and thinking skills.

  • Prior knowledge of AML framework and process (preferred).

  • Comprehensive understanding of credit processes in both commercial and retail including risk assessment and systems and credit products.

  • Advanced knowledge of complex financial modeling and analysis.

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