Job Description

Reporting directly to the Head of Model Risk, the role sits in the Model Risk Management Team. This is a Second Line of Defence role in the Risk Management function. The role is responsible for conducting model validation and driving the effective implementation of the Model Risk policy and agenda while aligning them to the Bank's overall digital strategy.Job Responsibilities: Perform validation and approval of the firm's models by verifying conceptual soundness, methodology, and implementation, and by identifying limitations and uncertainties. Assess and quantify model risk by developing alternative benchmark models. Review model documents, and conduct test runs on model codes. Evaluating model performance monitoring reports and conducting model annual reviews. Communicate validation outcomes to key stakeholders and management. Collaborate with model owners and model developers to remediate model validation findings. Work effectively as a team member with other quantitative analysts in the Bank, as well as with external consultants.Our Ideal Candidate: The Model Risk Management Team is looking for dynamic individuals with interest in financial markets. Applicants should possess the following: Strong quantitative problem-solving skills. Advanced degree in a quantitative discipline such as statistics, data science, math, physics, engineering, computer science, or financial engineering. At least 3 years of working experience in quantitative modeling, numerical simulation, and data analysis. Recent graduate applications with relevant practical experience are also considered. Experience working with ad campaign models and credit scoring models, and the development and use of machine learning models are desirable. Advanced skill with one or more analytical tools, such as R or Python. Eagerness and ability to learn new technologies and programming languages. Awareness of technology and retail products in the digital banking space. Familiar with modern and emerging technology techniques and an interest to stay abreast of industry developments (e.g. DevOps, Cloud, APIs, service-oriented architectures etc). Team orientation and ability to work in a fast-paced environment. Strong oral and written communication skills, and ability to explain complex problems in a simple way. Awareness of model governance processes, and regulatory requirements. Familiarity with FEAT principles and best practices for adherence is desirable. CFA and/or FRM certification is preferred
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