Associate/Manager/Senior Manager - Risk & Capital Model Validation - Bank

Position Description

Model Risk Management mission is to manage, independently and actively, model risk globally in line with the bank's risk appetite with responsibility for:

- Performing robust independent model validation;

- Ensuring early and proactive identification of Model Risks;

- Designing and recommending Model Risk Appetite;

- Effectively managing and mitigating Model Risks;

- Establishing Model Risk metrics;

- Designing and implementing a strong Model Risk Management and governance framework;

- Creating bank-wide Model Risk related policies.

Position Specific Responsibilities and Accountabilities

The role is embedded within Model Risk Management and the successful candidate is tasked to:

- Develop and set state-of-the-art validation approaches and standards adhering to current and upcoming regulatory requirements. Ensure implementation of these standards in particular through review and pre-approval of validation reports. Present and defend work in internal committees.

- Pro-actively engage in the management of Model Risk to assure Model Risk requirements as e.g. outlined in SR11-07 are met.

Experience/ Exposure

- Extensive experience in preparation as well as descriptive and explorative analysis empirical data and practical knowledge in the modeling of different risk types

- Strong IT affinity

- Perennial professional experience in financial risk management in general

- Extensive knowledge with relevant statistical and other software packages and programming languages (e.g. SAS, R, SQL, Python)

- Pronounced conceptual and analytical skills and excellent project management

- Proven ability to solve problems independently, to show flexibility and to act proactively

- Experience in leading a team of highly qualified experts

- Business fluent written and verbal skills in English

Education/ Qualifications

- Academic degree (ideally PhD) in a quantitative discipline (e.g. Mathematical Finance / Statistics) with a focus on application