Quantitative Risk and Model Validation Analyst

3 - 7 years

0 Lacs

Posted:11 hours ago| Platform: Shine logo

Apply

Work Mode

On-site

Job Type

Full Time

Job Description

You will be responsible for designing and validating mathematical models used by the bank and conducting mathematical analysis of the data in the Market Risk and Counterparty Credit Risk division. Your role will involve analyzing and building sector/industry risk assessment mathematical methodologies and quantitative measurement techniques for the assessment of credit risk exposures and evaluation of structured products. **Key Responsibilities:** - Monitor and validate aggregate model risk in alignment with the bank's risk strategy - Lead a team of Model validators who review and validate a wide variety of models using predictive and AI Modeling knowledge - Manage a growing Model Validation team responsible for independent first-line validation of predictive and generative AI models - Perform independent validations of financial, statistical, and behavioral models based on their criticality ratings - Assist with the validation and review of models regarding their theoretical soundness, testing design, and points of weakness - Interpret data to identify potential risk exposure - Develop challenger models to validate existing models and assist with outcome analysis - Ensure compliance with the model risk monitoring framework - Evaluate governance for Model Risk Management by reviewing policies, controls, risk assessments, documentation standards, and validation standards - Exposure to CCAR/CECL/IRB Models is preferred - Evaluate the Bank's compliance with SR 11-7 regulatory guidance You should have the following qualifications: - Education: Graduate/Master degree in computer science, statistics, econometrics, mathematics, computational finance, or similar - Deep knowledge in Quantitative methods/econometrics/statistics - Strong in Regression analysis, Time series Analysis, optimization - Knowledge of Risk Models and Optimization algorithms - Good working knowledge of SAS, Python, and SQL, Machine learning, exploratory data analysis (Note: Any additional details about the company were not provided in the job description.),

Mock Interview

Practice Video Interview with JobPe AI

Start Python Interview
cta

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.

Job Application AI Bot

Job Application AI Bot

Apply to 20+ Portals in one click

Download Now

Download the Mobile App

Instantly access job listings, apply easily, and track applications.

coding practice

Enhance Your Python Skills

Practice Python coding challenges to boost your skills

Start Practicing Python Now
Tiger Analytics logo
Tiger Analytics

Business Consulting and Services

Santa Clara CA

RecommendedJobs for You