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Vice President – Model Validation – Investment Banking

  • Location: New York - Manhattan
  • Salary: $150,000 - $180,000
  • Job type: Permanent
  • Job reference: JO / 1667501
  • Sector: Market Risk
Job Description

Vice President – Model Validation – Investment Banking

 

Position

Vice President – Model Validation – Investment Banking

 

My Client, a highly respected investment bank based in Manhattan, New York are seeking a VP level Model Validation Subject matter expert to join their team based in Manhattan New York.

 

 

Job Responsibilities

Include but are not limited to:

 

  • Conduct independent model validation of relevant models that are traded/used in Americas;
  • Perform independent conceptual and theoretical review, benchmarking, independent implementation of the models employed.
  • Quantifying model risk and reporting of the findings.
  • Close interaction and collaboration with the model developers in the First Line-of-Defense.
  • Work with front office, model developers and risk managers with day-to-day model support and review.
  • Create a body of knowledge of local and global regulatory requirements for model risk and be aware of market environment.
  • Performs quantitative analysis and develops complex reports. Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Analyzes complex data and associated quantitative analysis. Makes recommendations based on findings from data analytics.
  • Uses quantitative tools and techniques to measure and analyze model risks and reaches conclusions on strengths and limitations of the model.
  • Prepares and analyzes detailed documents for validation and regulatory compliance, using applicable templates.
  • Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external; ability to apply this knowledge appropriately to diverse situations.
  • Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning.
  • Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
  • Knowledge of and ability to plan, implement and manage model testing strategies that assure the independent review and challenge of models.
  • Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

 

Job Requirements

 

  • -Minimum of a Bachelors Degree in a quantitative area in Science, Technology, Engineering and/or Mathematics.
  • -3+ years of experience in Financial Model Development or Validation or Front Office Quant role.
  • -Working experience of building or working with financial modeling in risk management or front office.
  • -Excellent mathematical and statistical ability to solve financial problems that require a quantitative approach.
  • -Excellent coding skills in a computer/statistical programming language (e.g. Python, R, C++...).
  • -Good communication skills with the ability to work with front office, model developers and other internal risk management non-quant staff.
  • -Independently performs advanced quantitative analyses and model development to drive decision-making by running independent quantitative review-and-challenge strategies. Makes recommendations based on analyses.
  • -Analyzes and develops new model frameworks by supporting the line of business. Refines, monitors, and reviews existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with larger, more complex datasets to create challenger models.

 

 

 

 

If you wish to discuss this further, please send your resume to James O’Brien for a confidential discussion - jo@barclaysimpson.com

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