Internal Audit - Associate - Quantitative Audit

As a member of Internal Audit Model Risk team, the individual will be responsible for execution of audits related to model risk management through effective time management, in accordance with the internal audit methodology of the department. The team member will assist the project manager in executing the scope of the audit through walkthroughs and discussions with various modeling and model validation teams and discuss results of the audit with the firm s local and global management. Specifically, Develop and maintain an in-depth technical knowledge of modeling - both theory and coding Critically review models including their conceptual soundness, documentation, code implementation accuracy and independent validation Conduct meetings with stakeholders including modelers and model validators Execute risk-focused audits of modeling and model risk management Engage in continuous monitoring of modeling and model risk areas Communicating modeling problems and issues to senior management Basic Qualification : Advanced Degree (preferably Masters) in a quantitative discipline (Math, Statistics, Economics, Physics, Engineering, Computer science) 2-5 years experience in model development, independent model validation or model risk audit Model risk management knowledge, including model risk governance, model development, implementation, testing and change management, model validation Team-oriented with a strong sense of ownership and accountability Strong leadership, interpersonal and relationship management skills Strong verbal and written communication skills and presentation skills (PowerPoint, Visio, etc) Highly motivated with the ability to multi-task and remain organized in a fast-paced environment Preferred Qualifications: Experience within the financial services industry is a plus. Knowledge of financial modeling concepts, including (any combination): Options pricing, credit default, structured products, econometrics, stress scenario creation Any combination of risk management disciplines: credit risk, market risk, operational risk, funding / liquidity risk Programming experience in quantitative and object