VP - Credit Risk Model Validator - Investment Bank

Our client is the world's largest and only truly global wealth manager. They operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and the Investment Bank.

They are looking for an expert in credit risk model validation with at least 8+ years of experience in investment banking domain.

Job Responsibilities :

- Responsible for the independent validation of the credit risk models (IFRS9, IRB, PD, LGD) used for Pillar-I, CCAR, IFRS-9 and internal and external stress testing

- Check appropriateness of assumptions, parameters, model calibrations, qualitative or expert adjustments

- Review outcome, impact, or benchmark analyses and develop a benchmark model (as appropriate)

- Evaluate the model risk, including model robustness analysis, identification of limitations, and their assessment.

- Document the assessment to the required standards.

- Collaborate with model developers and communicate with key stakeholders across the institution.

Essential Qualification and Skills:

- Qualified degree in a quantitative field (e.g., econometrics, financial economics, financial mathematics, statistics, engineering, physics, mathematics)

- Good computing and programming (coding) skills and experience utilizing programming languages such as R or Python.

Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days, we regret to inform you that your application for this position was unsuccessful.