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Model Risk Validation - Asset Managemant

  • Job type: Permanent
  • Location: New York
  • Salary: $135000 - $190000 per annum
  • Job reference: Asset Management
  • Sector: Banking and Finance, Risk Management, Selby Jennings
  • Date posted: 26/06/2017
A Global Investment bank is looking to expand their model risk group within their asset management function. This team is focused on alternative solutions and investment models globally.  The team covers all aspects of the model risk function for the asset management business including validation, control, governance, and output.  This team interacts with front office trading desk and other areas of the business.  This is a key hire as you will manage large projects and will set you up to lead a team in the future.

The ideal candidate will come from a strong quantitative background with experience either working directly at another asset manager or experience with investment models.  This team covers all asset classes and will work directly with the PMs. This team has some of the strong quants in the industry in their group so they are looking for the best of the best for this role.  In this role, you will report directly to the Lead Model Risk Officer for the Asset Management Business.

 
Skills Required

  • Ph.D. (preferred) or Masters in Math, Physics, or Engineering, or a relevant quantitative discipline
  • Experience with derivatives and one or more asset classes such as (equity, fixed income, commodities or FX)
  • Must have experience with investment models and alternative solutions
  • 5+ years in Model Development, Model Validation or Asset Management 
  • Strong statistical skills and risk methodologies understanding
  • Experience with numerical methods and Monte Carlo simulation
  • Good programming knowledge
  • Understanding of optimizations techniques
  • Must have strong communication skills and the ability to interface as this is a high visibility role
  • Risk and control mindset is a plus
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