Quantitative Model Risk Manager

Employer
Michael Page International Rec Ltd
Location
London, UK
Salary
Competitive
Closing date
26 Oct 2020

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Sector
Accountancy
Contract Type
Permanent
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A new role created to support the delivery of a new financial and model risk second line team.

The role will involve a mix of business and usual and project work, including the development of a risk framework.

Client Details

Leading Financial Services Business

Description

Validation of the models and methodologies used to manage Financial Risk (Market, Credit and Liquidity) to ensure compliance with regulatory guidelines and industry best practice.

Monitor and report on subsequent actions undertaken by the first line risk team.

Assist with the development of model performance tests and associated reporting and oversight.

Ownership of financial risk policies including annual reviews of compliance and associated oversight of any change and developments to policy

Daily and periodic reporting of activities undertaken by first line to ensure ongoing compliance with policy. This will include reporting to senior management and through the governance structures.

Ensure regular review of models in accordance with model risk governance framework, associated testing and regular assessment that model achieves methodology goals.

Test model implementation in production environment and department tools.

Profile

Track record in financial services businesses

Experience in a quantitative risk role essential

Model risk and model validation experience preferred and beneficial

Experience in quantitative market and liquidity risk preferred

Knowledge of commodities and derivative products essential

Job Offer

AVP / VP level role with competitive benefits package
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