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Director - Model Validation

  • Job type: Permanent
  • Location: New York
  • Salary: 200,000 +
  • Job reference: abc562
  • Sector: Banking and Finance, Quantitative Finance, Selby Jennings
  • Date posted: 07/08/2017
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
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