Welcome page Returning Candidate? Log in Senior Manager, Market Risk and Liquidity Risk Model Validation Job Locations US-CO-Lone Tree | US-AZ-Phoenix | US-TX-Westlake Requisition ID 2024-100099 Posted Date 19 hours ago(9/19/2024 2:11 PM) Category Risk & Regulatory Salary Range USD $101000.00 - $224400.00 / Year Application deadline 10/11/2024 Position Type Full time Your Opportunity

Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella to provide oversight over a broad spectrum of models that create innovative products for our clients, and prudently manage our financial risk using sophisticated quantitative approaches. The Model Risk Oversight team plays a key role in identifying, reviewing, and monitoring all the models at the company.

We are hiring a quantitative analyst to conduct model validations and make additional contributions to the Model Risk Oversight team. The analyst will need strong quantitative aptitude and a good understanding of how financial models are used in business context to effectively challenge the choice of methods and assumptions. Prior experience with Asset Liability Management, Liquidity Risk, or Market Risk (Term structure, prepayment, risk metrics of fixed income, derivative hedging, etc.), is desirable.

 

The job responsibilities will include, but not be limited to: 

Performing model validations following guidelines based on SR 11-7, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment.Presenting work through formal model validation reports, as well as through verbal presentations to model owners, senior management, and oversight agencies.Collaborating effectively with model owners to identify and drive practical resolutions for gaps in model risk management.Evaluating model performance monitoring reports and conducting model annual reviews.

*This will be an individual contributor role.

What you have

Required skills and qualifications:

Advanced degree in a quantitative discipline (Finance, Economics, Statistics, Mathematics, Physics).5+ years of work experience in quantitative modeling or validation of Asset Liability Management (ALM), market risk or liquidity risk models.An in-depth understanding of fixed income instruments, interest rate and prepayment modeling.Advanced skill with one or more analytical tools, such as R, Python, SAS, SQL, VBA, or Tableau.

Preferred skills and qualifications:

Experience with 3rd party ALM applications, such as Polypaths, Bancware or QRM.CFA and/or FRM and/or CTP certification.Knowledge of model governance processes and regulatory requirements for large US banks.Strong verbal and written communication skills.Excellent people skills. Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Why work for us?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

 

Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future.   Application FAQs

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