Accessibility Links

Director - Model Validation

  • Job type: Permanent
  • Location: New York
  • Salary: 200,000 +
  • Job reference: 692lhs
  • Sector: Banking and Finance, Quantitative Finance, Selby Jennings
  • Date posted: 18/07/2017
A Global Tier One Investment bank is currently looking for a Director of Model Validation. This will be a managerial position so the ideal candidates will have experience with direct reports or being a team lead. Candidates with backgrounds in Credit, Market or Operational Risk will be considered as the team will have exposure to all models. Candidates must have at least 10 years of modeling experience paired with several years of working with pricing models. As a senior manager leading the validation efforts, this role will require someone with an excellent degree of communication and technical understanding as you will need to interact with both model developers and model owners on a regular basis.

 

Responsibilities include:
  • Assess model risk and independently review and challenge model methodologies
  • Lead validation efforts, engaging with model developers and model owners to ensure validation expectations around the supply of supporting materials required for validation are clear
  • Build Challenger models when needed
  • Perform technical/ data analysis
  • Produce and present high-quality regulatory reports to model governance teams
 

Requirements include:
  • Graduate degree in a highly quantitative field (PhD preferred)
  • Over 10 years in a quantitative role in risk management at a financial institution with experience in either model development or validation
  • At least 5 years of experience with pricing models
  • Strong Knowledge of CCAR requirements
  • Excellent knowledge and understanding of a wide variety of model development and validation statistical techniques covering primarily credit and market risk
  • Excellent communication skills – both verbal and written
  • Beyond risk management, knowledge in financial projection, capital management, and treasury are highly desirable.
Please apply below if interested
Similar jobs
Product Manager
  • Job type: Permanent
  • Location: Boston, Massachusetts
  • Salary: Competitive
  • Description Financial Insurance Firm in Boston is looking to bring on a product manager. The ideal candidate is 5+ years of experience in the public markets domain. RESPONSIBILITIES: Provide leadership while
Senior Compliance Team Leader - Anti Money Laundering
  • Job type: Permanent
  • Location: Geneva
  • Salary: Negotiable
  • Description An international financial institution with a global exposure is actively seeking a Senior Compliance Officer AML specialist for its wealth management branch in Geneva
Quantitative Model Implementation And Validation AVP/VP
  • Job type: Permanent
  • Location: New York
  • Salary: US$135000 - US$175000 per annum
  • Description Quantitative Model Validation Analyst: Location: New York, NY Salary: Description: An established global Investment Bank is searching for a bright and motivated Quantitative Model Validation Analyst
Electronic Trader
  • Job type: Permanent
  • Location: Chicago, Illinois
  • Salary: Negotiable
  • Description A leading proprietary trading firm is searching for an individual with Electronic Trading Exposure to work alongside traders on Strategy Research and Development with multiple asset classes
Machine Learning Research Scientist
  • Job type: Permanent
  • Location: New York
  • Salary: US$250000 - US$10000000 per annum
  • Description Machine Learning Research Scientist Machine learning has left its footprint in the technology sector, having created innovative tools and applications that have improved the interactions between