Economic Capital Quantitative Role - Risk Model Development/Model Validation

- Ensuring the model's assumptions and limitations are understood and communicated to users

- Identify model risks and understand the aggregate uncertainty arising from the use of models.

- Define methodologies to accurately estimate risks not in models at the appropriate granularity

- Play a central role in the development of a - best in class- Economic Capital model

- Understand how the Economic Capital model is used in a leading financial institution

- Proactively seek solutions to improve material parts of the model; review and improve components; identify the relevant sources of risk and assess their capture

- Research alternative methodologies, and compare them; justify and test the chosen option

- Ensure that models are adequately documented for both internal and external (e.g. regulatory) purposes

- Collaborate with IT analysts and developers to implement changes to the model

- Assist in preparing presentations for senior management covering change impacts, methodology features and capital implications