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Assistant Vice President - Model Development & Governance - Investment Bank (9-15 yrs)
Responsibilities :
- Work with business partners across GWIM to identify, develop and enhance investment and wealth management models
- Translate business requirements to modeling project plans and implement enhancements as needs of business evolve
- Design and prototype quantitative models to address business requirements
- Work with technology partners to Identify tools and platforms to best implement models for business need
- Test, document and provide validation support of models per firm's model risk policy
- Conduct ongoing monitoring, resolution of action items and support other model governance activities
- Interact with stakeholders including model owners/users, Model Risk Management, Compliance, Risk Management to ensure all existing and new GWIM models comply with both regulatory and enterprise model validation requirements including:
- Draft, edit, review technical model documentation across the model inventory
- Design, implement, execute and report results of model testing as appropriate across the model inventory, both as part of on-going monitoring and model validation
- Understand both upstream and downstream model dependencies across the inventory to identify and resolve model related risks
- Maintaining ongoing monitoring requirements for selected models
- Complete MRM Required Action Items assigned by Model Risk Management typically involving enhancements to submitted model documentation and testing
Mandatory Skills:-
- Experience in quantitative roles in investment management, risk management, model validation, wealth management or related.
- Experience in quantitative investment modeling, investment analytics including both classical modeling techniques and AI/Machine Learning
- Experience with and ability to work with large scale data projects
- Knowledge of financial markets, portfolio management concepts, probability theory and statistical/econometric modeling and their application to investment and portfolio management principles.
- Excellent written, verbal communication and interpersonal skills
- Experience in developing and reviewing code in R, MatLab and/or Python used in financial analytics and statistical analysis.
- Ability to multi-task and efficiently negotiate changing priorities and responsibilities
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