Credit Suisse - Model Validation Quant Role

Your field of responsibility :

As a part of the MRM Enterprise Risk Management Validation team, you will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The models include economic risk capital models, financial projection models, resolution models 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 access to the business and senior management.

- 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 efficient use of the model, etc.

- Seek to review, verify and validate models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, as well assist with the firm-wide model risk and control assessment

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

Your future colleagues :

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

- The Model Risk Management (MRM) team has a directive to review and approve the models used in the bank to make sure that the risk due to design and use of model is accurately managed and mitigated.

- We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global cultural values.

Your skills and experience :

You are expected to possess the below:

- Expected to hold an advanced degree in a quantitative field, like Mathematics, Statistics, Financial Engineering

- 4+ years' experience in financial modelling and/or model validation

- Proven knowledge of software applications such as R, Python is essential

- Proficiency in risk and capital modeling, derivatives pricing and broader financial modeling is desirable, but regardless of experience should be able to demonstrate an understanding of capital modeling, financial and derivative products, and mathematics

- Client focus and outstanding communication skills as well as effectively build positive relationships with senior partners, including the ability to explain complex topics to a diverse range of audiences and problem-solving skills

- Self-motivated, disciplined, task focused, structured and positive work attitude, adaptability and have a proven record of delivering high quality results to strict timelines

- Result oriented, dedicated, hardworking and can work on own initiative whilst also working collaboratively and deliver on time with a high level of integrity, sense of urgency, attention to detail and quality standards

- Dedication to fostering an inclusive culture and value diverse perspectives.

Your new employer

Find a new home for your skills, ideas, and ambitions. Credit Suisse offers you the ideal environment to progress your career with attractive benefits and excellent training.

Credit Suisse is one of the world's leading financial services providers. The bank's strategy builds on its core strengths: its position as a leading wealth manager, its specialist investment banking and asset management capabilities and its strong presence in its home market of Switzerland. With around 50,000 employees from over 150 nations, we are always looking for motivated individuals to help us shape the future for our clients.

Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. We are committed to building a culture of inclusion with a deep sense of belonging for all of us. We will consider flexible working opportunities where possible. Our bank provides reasonable accommodations to qualified individuals with disabilities, as well as those with other needs or beliefs as may be protected under applicable local law. If you require assistance during the recruitment process, please let your recruiter know.