Credit Suisse - Model Risk Validation Role

Part of Enterprise and Operational Risk Management (EORM) at Credit Suisse, the Model Risk Management (MRM) team has a mandate to validate the Bank's business-impactful models firm-wide and more generally to identify, measure and manage model risk across Credit Suisse. The team is established in London, Zurich, New York, Mumbai, Warsaw, Hong Kong, and Singapore. As a member of the MRM team, the candidate will get exposure to modeling in a wide variety of

risk areas such as credit risk, market risk, operational risk, etc. The current heightened regulatory focus on these areas and the team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management. Opportunities to present results to stakeholders, as well as peers, are numerous, allowing the candidate to widen and develop their network and reputation.

The successful candidate will:

- Participate in independent validation reviews across a wide range of core Risk Capital or other business-impactful models used throughout the bank, meeting business needs and regulatory expectations, with responsibility for investigating key aspects of each model under review: choice of modelling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, as well as contribute in the firm-wide model risk and control assessment.

- Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results in interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

- The truly global scope of model risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, investigating model risk and model governance standards and performing detailed validation of risk models.

You Offer:

- Candidates for the role in the MRM team are expected to hold a first degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, Finance, and probably a Masters or Ph.D.

- A basic understanding of investment banking products and the sources of risks and revenues in banking.

- Client focus and the ability to communicate effectively with senior stakeholders, including the ability to explain complex topics to a diverse range of audiences.

- Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high-quality results to strict deadlines.

Desirable:

- Hands-on experience of statistical models and broader financial modeling.

- Good knowledge including programming experience of software applications such as R, Mat-lab, SQL and SAS.

Credit Suisse is an equal opportunity employer. Embracing diversity gives us a competitive advantage in the global marketplace and drives our success.