Model Validation Director – Mortgages recruitment
This well established financial services institution is looking for an experienced quantitative risk director. This team are heavily involved in verifying the effectiveness of the models used at this financial institution. The team is mandated with high priority assignments and determines how to effectively meet goals and schedules using the resources provided. The team are quite important in dealing with company policies and auditing-related procedures and need very strong quantitative risk candidates who have a passion for governance and modelling.
Requirements:
• A strong understanding of financial modelling – the ability to both build and validate models
• 5+ years of experience in a similar role ideally coming from investment banks, retail banks, financial services, mortgage houses etc.
• The ability to guide a team of quantitative analysts and take on management functions, such as planning and scheduling, quality control of the groups products.
• A in-depth understanding of micro-econometrics
• The ability to evaluate the associated risk of company's models including models of default, prepayment, valuation and loan scoring
• Assess and report the findings of the model reviews make recommendations to model owners and management by proposing new models or model changes, and advise them on quantitative issues.
• Strong communication skills with the ability to provide leadership and discuss ideas to improve procedure quality
• PhD (or Masters) in a quantitative subject
• Excellent SAS programming skills
The team are looking for an additional senior member to join who has a strong modelling background with knowledge of various validation and assurance procedures. This team has a real passion for assessing the risk of models used and providing assurance and recommendations to the whole business. The role is highly interactive and a solid mortgages understanding is needed to be successful in this team. Please apply into: quantexotic@selbyjennings.com