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Model Risk Validation

Daily Rate Competitive
Type Temporary / Interim
Sector Finance & Accountancy
Job Reference T9/NXS/32224
Contact Nirajan Selvarajah
Date posted 18-11-2019

One of our prominent Investment Management firms is currently seeking a Model Risk Validation Expert in London on a temporary basis. In this role you will be a working within the Global Risk Ream reporting directly to the Head of Model Risk
Key Responsibilities:
- our will be required to support the development of a global target state operating model for a 2nd Line Model Validation function
-A key part of your role will be to assist in the building out a complete model inventory and a model risk assessment approach for model review cycles including validation support for key models
-Review and validation of existing risk models to establish their accuracy and suitability for an ever-changing business climate.
-To review and validate model testing results and documentation
-You will also be tasked with providing SME advisory and assurance that risk & pricing models meet regulatory requirements.
-As well as provide support and guidance to key stakeholders on model development and validation activities, to help ensure the global model risk operating model is consistently adopted in processes and procedures, and to help model owners, users and developers understand minimum standards, make use of templates, etc.

Key Requirements:
-It is essential that you have hands on experience in the building, enhancing and running model validation
-Solid understanding of a variety of model types (investment, pricing, risk & capital) with specific SME expertise in pricing models (with a preference for both equities and fixed income models)
-Extensive experience in quantitative risk related roles in the financial sector
-Ability to demonstrate project delivery across model validation, model documentation will be highly advantageous.
-Strong MS Excel & expertise with VBA, model library programming (C++, Java, Python &/or other)
-University degree in Quantitative/Finance/Mathematical subject or similar
-Ideally, at least 5 years post-qualification experience

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Contact Nirajan about this job

Associate Director, Manager