- Initial and periodic validation of quant models
- Designing, modelling and prototyping challenger models
- Quantitative analysis and review of model frameworks, assumptions, data, and results
- Testing models numerical implementations and reviewing documentations
- Checking the adherence to governance requirements
- Documentation of findings in validation reports, including raising recommendations for model improvements
- Ensuring models are validated in line with regulatory requirements and industry best practice
- Tracking remediation of validation recommendations
- Preparation of model risk reporting for Model Oversight Committee and Board
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Model Validator
3 weeks ago
LSEG (London Stock Exchange Group) London, United KingdomLSEG and Microsoft have entered an exciting strategic partnership for the development of next-generation data, analytics and cloud infrastructure solutions. Our customers' needs are evolving and so are financial markets. This partnership will transform the way customers discover, ...
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Head of Model Validation
2 weeks ago
Starling Bank London, United KingdomHello, we're Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We're a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company.We'r ...
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Anlayst, Model Validation
1 week ago
European Bank for Reconstruction and Development London, United KingdomRequisition ID Office Country- United Kingdom- Office City- London- Division- Risk Management- Contract Type- Short Term- Contract Length- 12 months- Posting End Date- 14/11/2023**Purpose of Job** · Under the supervision of the Associate Director, Model Validation, the Analyst co ...
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Model Validation Specialist
3 weeks ago
eFinancialCareers London, United Kingdom** · Your Responsibilities include: · - Document test results in a model validation report to be reviewed by regulators and which will form the basis of discussion with key model stakeholders including Front Office Trading, Model Developers, Market Risk Managers, and Finance Cont ...
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Intern, Model Validation
1 week ago
European Bank for Reconstruction and Development London, United KingdomRequisition ID Office Country- United Kingdom- Office City- London- Division- Risk Management- Contract Type- Intern- Contract Length- 06 months- Posting End Date- 15/03/2023**Purpose of job** · Under the supervision of the Associate Director, Model Validation, the prospective in ...
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Retail Model Validation
1 week ago
eFinancialCareers London, United KingdomAs a Barclays Model Validation Manager, you will be responsible for validating a wide range of models used in retail IRB, IFRS9, MTP, IST, ICAAP and BoE stress testing frameworks. These models/frameworks are crucially important for daily business managementof the Barclays Group a ...
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Traded Models Validation
1 week ago
eFinancialCareers London, United KingdomAs a Barclays Traded Models Validation Analyst, you will be primarily responsible for performing and documenting analysis and testing of pricing models, market risk models and counterparty credit risk models. You will perform and document analysis andtesting of pricing models, ma ...
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Traded Models Validation
3 weeks ago
Barclays London, United Kingdom**Traded Models Validation Analyst** · **London** · As a Barclays Traded Models Validation Analyst, you will be primarily responsible for performing and documenting analysis and testing of pricing models, market risk models and counterparty credit risk models. You will perform an ...
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Model Validator, Ir Valuation Models
1 week ago
eFinancialCareers London, United Kingdom**Responsibilities**: · - Manage the annual review of models used by the bank for measuring market and Counterparty credit risk, suggesting improvements and action plans. · - Validating Interest Rate, Inflation, Equity and Property derivatives but also market and counterparty cre ...
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Model Validation Specialist
1 week ago
eFinancialCareers London, United Kingdom**Your Responsibilities**: · - Document test results in a model validation report to be reviewed by regulators and which will form the basis of discussion with key model stakeholders including Front Office Trading, Model Developers, Market Risk Managers, and Finance Controllers · ...
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Model Risk/model Validation Sme
2 weeks ago
eFinancialCareers London, United KingdomSome key points for this role · - You won't be responsible for validating models · - But will need to have awareness of model risk and how validation is done · - This is not a pure quant role but you will be someone with awareness of model risk and able to lead projects in the sp ...
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Model Validation Manager
1 week ago
Oliver James London, United KingdomI have an upcoming opportunity for a Model Validation Manager to join a growing UK bank in the city. · - Permanent role · - Up to £80,000 + package · - Hybrid working (50% in the office) · Key responsibilities: · - Leading validation on IFRS 9 models and stress testing · Person r ...
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Model Validation Manager
4 days ago
Harnham London, United Kingdom**MODEL VALIDATION MANAGER** · **£80,000** · **LONDON** · **THE COMPANY** · This company is a large challenger bank who are continuing to grow. As a specialist lender, this bank has a clear focus and mission and is seeking a Model Validation Manager to join the team. This role of ...
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Model Validation Manager
3 days ago
BCT Resourcing London, United KingdomModel Validation Manager · Permanent role · Up to £80,000 + package · London / Hybrid working (50% in the office) · I have an upcoming opportunity for a Model Validation Manager to join a growing UK bank in the city. · Key responsibilities: · - Leading validation on IFRS 9 models ...
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Model Validator, Ir Valuation Models
1 week ago
eFinancialCareers London, United Kingdom**Responsibilities** · Traded Risk Model Validation is a group that performs in depth technical model validations of models covering pricing, market and counterparty credit risk of derivatives spanning all asset classes. This opportunity is for a validator to perform independentm ...
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Model Validator, Ir Valuation Models
8 hours ago
eFinancialCareers London, United Kingdom**Interest Rates Quantitative Analyst** · A leading Investment Bank has an immediate requirement for Quantitative Analysts to join their Pricing Models Validation team. · This is an exciting new opportunity for a quantitative analyst to conduct model validation primarily within t ...
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Pricing Model Validation Sme
2 weeks ago
eFinancialCareers London, United KingdomHamlyn Williams has partnered with a UK bank with a global presence across Europe and the United States. They are one of the most recognised banking institutions who provide retail and banking services to consumers and businesses internationally. HamlynWilliams is supporting the ...
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Model Validation Quantitative Analyst
3 weeks ago
eFinancialCareers London, United KingdomResponsibilities: · - Validation of FRTB IMA models · - Quantitative analysis and review of model frameworks, assumptions, data, and results · - Designing, modelling and prototyping challenger models when required · - Testing models numerical implementations and reviewing documen ...
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Market Risk Model Validation
3 weeks ago
JPMorgan Chase Bank, N.A. London, United KingdomAs part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that im ...
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Model/anlys/valid Mgr
2 weeks ago
eFinancialCareers London, United Kingdom**Overview**: · **Responsibilities**: · - Work with relevant Citi stakeholders, including local management on requirements by Citi's Regulators, · - Work with the Control and Internal Audit stakeholders to ensure credible challenge. · - Work on regulatory communications ensuring ...
Risk & Pricing Model Validator VP - london, United Kingdom - Morgan McKinley
Description
Job DescriptionThe Model Risk Management (MRM) within ERM is responsible for model governance and the validation of models used by the bank in EMEA. This includes, among others, risk models which are used for risk measurement and decision-making purposes. MRM works closely with Risk Analytics and Front Office quants to ensure that all risk models are validated on a periodic basis as well as at inception and changes. MRM provides regular model risk reporting to model oversight committees and the Board
MAIN PURPOSE OF THE ROLE
Independent model validation of quantitative methodologies, both initial and periodic, across all asset classes and model types (derivative pricing models, credit and market risk, capital models, AI models, etc. ) and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger models.
KEY RESPONSIBILITIES