Quantitative Risk Modeler - Model Risk Management
: Job Details :

A NY-based financial firm is looking for a quantitative analyst with hands-on experience developing, programming, and validating credit, market, and investment risk models. The role is to oversee the implementation of the model risk governance technology infrastructure for all models, including investment, financial, stress testing, and forecasting models, used across all business areas of the firm.

Candidates must have deep understanding of the conceptual soundness of model calculations, experience building probability of default, cash flow, and loss forecasting models. Experience developing model testing and model validation practices is strongly preferred.

Responsibilities :

• Oversee the model inventory process that enables the firm to conduct model risk governance
• Models include probability of default, credit risk metrics, cash flow analysis, loss forecasting.
• Manage, and maintain the firms Model Risk Management model inventory
• Monitor and track business use of the model risk platforms and models
• Be the subject matter expert on all model risk management model risk governance issues
• Analyze and conduct risk reports for senior management using SQL
• Work closely with model validation and model risk quants to monitor and enhance risk governance models and systems

Requirements :

• 5+ years of model risk management experience
• BA or BS in Finance or a quantitative field
• In-depth knowledge of the model risk lifecycle, model validation, model inventory, and model governance
• Should have fixed income market knowledge
• Must have advanced python and SQL database skills
• Must have superior communication skills
• Nice to have model calibration, model validation, stress testing, benchmarking, and model risk metrics experience

Base Salary Range : $130,000-$175,000. This represents the presently anticipated low and high end of the Company's base salary range for this position. The actual base salary range may vary based on various factors, including but not limited to location and experience.

Total Direct Compensation : This job is also eligible for discretionary bonus and incentive compensation on an annual basis.