Head of Model Risk recruitment
We seek a Senior Risk Manager / ED with a strong quantitative foundation and equally strong commercial and strategic experience of the use of models in day to day activities, including model development, implementation and use, as well as governance and controls.
RESPONSIBILITIES:
- Develop and implement the Bank's Model Governance Program
- Consult with model users on the design of effective model operational controls
- Serve as a liaison with to bank regulators and auditors on model risk management
- Document and present observations to the Head of Risk Strategy and to model owners and users, recommend management action plans, and track remediation progress
- Define and maintain standards for model development to which all stakeholders will be held
- Provide the Head of Risk Strategy with support on all presentations and communications with the risk committee framework, internal and external auditors, and senior management of the bank regarding model risk and its potential effects on the risk profile of the Bank
- Document and present observations to the Head of Risk Strategy and to model owners and users, recommend management action plans, and track remediation progress
- Monitor model performance reports on an on-going basis to ensure models remain valid
- Management of key stakeholders at Group, subsidiary and LOB levels
QUALIFICATIONS:
- Typically requires an advanced technical degree in finance, financial engineering, economics, mathematics - statistics, engineering, or related field (Masters or PhD preferred)
- Industry certifications a plus (e.g., CFA, FRM)
- Seven or more years of experience within the financial services industry
- Proven track record of strong technical model development, model management, and/or model oversight in one or more of the following areas: credit risk management, market/interest rate risk management, operational risk, economic capital estimation, ALM, and valuation
- Extensive banking and capital markets industry knowledge
Knowledgeable about model risk management and associated regulatory requirements such as OCC 2000-16 and Basel II - Broad knowledge of pricing and risk methods across all asset classes, ideally beyond pricing models
July 8, 2012
• Tags: Head of Model Risk recruitment, Risk Management careers in the UK • Posted in: Financial