Associate - Backed Securities & Statistical Modelling - Mortgage

- Perform assessments of the conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, reasonableness of assumptions and reliability of inputs

- Assess completeness of testing performed to support the correctness of the implementation

- Assist with model identification process, assessing whether newly identified methodologies should be in scope of the model risk policy

- Work with model developers and model users across the firm to understand methodology and usage

- Liaise with other Model Governance groups in relevant coverage areas across the firm

Essential skills, experience, and qualifications:

The successful candidate will have the following skills, experience, and qualifications:

- Quantitative background ideally with a Master's degree in Maths, Science, Engineering, Statistics, Quant Finance etc

- Strong quantitative, analytical, and problem solving skills; knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods

- Knowledge of Mortgage-Backed Securities and statistical modelling

- Knowledge of finance industry, particularly in modeling- valuation, risk, capital, forecasting, investment management

- Experience in model validation and/or model development preferred

- Strong communication and interpersonal skills

- Strong project management and organizational skills; ability to multi-task and meet deadlines

- Ability to work independently, with remote supervision

- Risk and control mindset: ability to ask incisive questions, assess materiality and escalate issues