VP Quant Risk Internal Audit
With your ambition, our client will constantly develop your skills to enable you to reach your full potential. The Investment Bank in questions offers a number of outstanding career opportunities designed to attract and retain all skill levels – a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individual’s contribution. The Quantitative Risk Audit Dpt, within Internal Audit, covers Market Risk, Model Risk and Valuation Risk across the whole banking piece. The function has grown substantially over the past two years.The team is quite unique in the market, giving great access to senior management in the front office and risk functions. It is also a centre of excellence within the Global Audit function.
Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.Senior Quantitative Financial Analyst who will contribute to the Audit Model Risk team's enterprise-wide coverage of model risk management.
The VP Quant Auditor will assume the following responsibilities:
Read and understand financial regulatory guidance.
Interview business partners in various lines of business and control functions to understand relevant aspects of model governance, development, validation, and use.
Apply this understanding to the auditing of model governance, model development, model validation, and model use. Produce written evaluations based on these audits.
Periodically lead the team’s efforts for selected audits. In addition to producing one’s own written work products, this involves directing the efforts of the team and reading, commenting on, and revising team members’ contributions.
Provide quantitative modeling consultation to other audit teams and engage with business partners in ensuring effective model risk management across the bank
Experience required:
Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics.
Sound organisational, analytical, quantitative, oral, and written communication skills.
Ability to work well with and communicate with others, from team-mates to executives, and to present findings to upper level management and executives.
Ability to juggle multiple work efforts and to quickly change direction as needed.
Expertise in one of R, SAS, C++, MatLab, Java Desirable:· Significant quantitative financial experience. Experience with financial regulatory guidance, audit or compliance
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