DESCRIPTION:

Duties: Work with quants covering the Trading Desks, Risk and Finance professionals, line of business (LOB) senior management across the globe to provide oversight of appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing. Manage and execute audit projects and produce quality deliverables to both department and professional standards. Finalize and communicate audit findings to management and identify opportunities for improvement in the design and effectiveness of key controls. Perform model risk control assessments and analysis against the risk the controls are intended to mitigate, determine their effectiveness and develop an independent opinion on the control environment along with recommendations (across all LOB and a wide range of model types) to further strengthen the model risk management control framework. Maintain an independent model risk control apparatus of the bank through directly working with internal clients such as LOB business management and control groups including but not limited to model development, model review, risk management and compliance and external clients such as external auditors and regulators. Manage, support, and execute strategic risk and control assessments along with strategic projects (e.g. capital stress testing) in a timely and efficient manner. Perform independent validations for the actions taken by the business to address issues raised by Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and other regulatory authorities. Keep up with the latest developments in coverage area in terms of products, markets, models, risk management practices and industry standards.

QUALIFICATIONS:

Minimum education and experience required: Master's degree in Finance, Economics, Mathematics, Physics, Statistics, or related field of study plus One [1] years of experience in the job offered or as Auditor, or related occupation.

Skills Required: Requires experience in the following: stochastic process; Machine Learning modeling; Derivative Pricing theory; Econometrics; computer programming including Python, R, and SAS.

Job Location: 545 Washington Blvd, Jersey City, NJ 07310.  Telecommuting permitted up to 40% of the week.

Full-Time. Salary:  $128,000 - $145,000 per year.