Level: Associate Consultant, Model Validation Knowledge/Skills: - Strong conceptual and technical knowledge of financial markets and related risk concepts is required. Knowledge of statistics and econometric methods is required. - Experience in developing or validating/reviewing PPNR/Market Risk/Credit Risk models is preferred. - Excellent oral and written communication skills are required when interacting with committees and/or management. - Clarity of thought and ability to break down complex issues for problem solving are critical for this role. - Technical skills/systems knowledge (e.g. SAS, Python, R, MATLAB, Advanced Excel) is strongly preferred. Education: - Advanced degree in related field (finance, statistics, economics, mathematics, engineering) or equivalent career experience preferred. Industry qualification is preferred. - Strong preference for candidates with certifications such as CFA/FRM/CQF Major duties: - Responsible for independent validation of moderately complex analytical models used for CCAR as well as BAU models spanning Treasury and Asset Management businesses - Knowledge of Stochastic interest rate models and usage of the same for derivative valuation. - Understanding of various market risk concepts such as factor risk models, asset-liability management, VaR calculations, etc., are preferred - Exposure to one or more of various asset classes (Equity, FX, Credit, Interest Rate, Commodities) is preferred - As part of centralized Model Validation team within the bank, expected to work on varied areas of risk management. - Ensures model validation approaches meet regulatory expectations and internal risk management needs - Develop in-depth knowledge of business units/functions and complex modeling techniques used - Adept stakeholder management and smooth interaction with various model owners - Clearly communicate the complex issues/findings of the model validation outcomes to stakeholders. - Keep abreast with latest regulatory requirements around model risk management - Evaluates existing model risk framework in relation to department objectives and industry leading practices, and actively provides solutions to enhance the model risk management/validation framework.

Bangalore

Northern Trust - Associate Consultant - Model Validation 

Northern Trust - Associate Consultant - Model Validation  ,Job Description for Northern Trust - Associate Consultant - Model Validation  in Northern Trust in  Bangalore for (4-7) years of experience. Apply Now!

Job Description for Northern Trust - Associate Consultant - Model Validation  in Northern Trust in  Bangalore for (4-7) years of experience. Apply Now!