A leading American Investment Bank is seeking a Senior Associate to join their Model Risk Management team and cover all stripes of model risk across the firm. The broad coverage can range anywhere from derivative pricing to liquidity capital requirement models.
This position has great visibility within the firm, partnering with stakeholders across all stripes of risk to assess model utilization, implementation, and accuracy. The ideal candidate has 4+ years experience, broad market knowledge and business acumen, and strong technical understanding.
Responsibilities:
- Develop and maintain strong relationships across the firm, working with the credit, market, operational, liquidity, and model risk teams
- Oversee model performance and perform benchmark analysis
- Identify risks arising from incorrectly chosen or incorrectly calibrated models
- Assess model performance in specific scenarios, analyzing and reporting on improvements
Qualifications:
- 4+ years of model risk experience (validation, development, review, governance, etc)
- Advanced degree in a quantitative field
- Strong technical literacy in Python, R, SQL, MATLAB or other programming/coding language
- Derivative/option pricing experience is strongly preferred
