Risk Associate - Market Risk Modelling null

Job Description

As an associate, you'll work as part of the firm-wide model governance team responsible for keeping all heads of risk and individual business groups informed regarding key model dependencies and developing issues. The group interacts regularly with several firm-wide groups including Model Review, the relevant trading desk(s), VGC/Product Controllers, Market Risk, Model Development, and Audit.

Responsibilities:

• Control of model risk by ensuring that the model exposure, market conditions, model limitations, and scope of usage are not materially different from the approved model
• Work with other coverage partners such as Model Review Group, Market Risk, Finance, Tech, and Audit to ensure that model risk is understood, captured, monitored, and managed
• Work across organizational units to ensure consistent model application and consistency of assumptions
• Assist in the assessment of model performance and reviews and progress on action items. Provide inputs into model policy and line of business procedures

Requirements:

• Very strong quantitative skills
• At a minimum, an undergraduate degree in Engineering, Physics, Mathematics, or a quantitative science
• Some experience in risk at a financial services institution is strongly preferred
• Excellent communications skills - verbal and written
• Teamwork oriented - active collaborator and self-starting individual
• Strong organizational and project management skills
• Risk and Control mindset
• Ability to ask the right questions and escalate issues to relevant stakeholders
• Advanced user of Excel, Visio, and Imagine