- 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
-
Intern, Model Validation
3 weeks 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 ...
-
Retail Model Validation
3 weeks 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 ...
-
Anlayst, Model Validation
3 weeks 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 ...
-
Model Validation
3 weeks ago
Consulting Company london, United KingdomRole Overview: The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management. · Key Responsibilities: · Independent Review: Conduct independent reviews and challenges of models. · Technical Analysis: Perform tech ...
-
Traded Models Validation
3 weeks 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 ...
-
Model Validator, Ir Valuation Models
3 weeks 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 ...
-
Model Validation Manager
2 weeks 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 ...
-
Model Validation Specialist
3 weeks 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 · ...
-
Model Validation Manager
3 weeks 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 ...
-
Model Validation Manager
2 weeks 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 ...
-
Model Validation
3 days ago
Consulting Company London, United KingdomRole Overview: The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management. · All the relevant skills, qualifications and experience that a successful applicant will need are listed in the following description ...
-
Model Validation
5 days ago
Consulting Company London, United KingdomJob Description · Role Overview: The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management. · Key Responsibilities: · Independent Review: Conduct independent reviews and challenges of models. · Technical Anal ...
-
Model Validator, Ir Valuation Models
2 weeks 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 ...
-
Model Validation
2 weeks ago
Consulting Company Camden Area, United KingdomRole Overview: · The candidate will support in validating models used in IRB (Basel/Capital), IFRS9 Impairment, and Business Model Risk Management.nKey Responsibilities:nIndependent Review: · Conduct independent reviews and challenges of models.nTechnical Analysis: · Perform tech ...
-
Model Validator, Xva Ccr and Im Models
3 weeks ago
Standard Chartered London, United Kingdom**Job***: Risk · **Primary Location***: Europe & Americas-United Kingdom-London · **Schedule***: Full-time · **Employee Status***: Permanent · **Posting Date***: 09/Jan/2023, 7:27:02 AM · **Unposting Date***: Ongoing · **The Role Responsibilities** · - Traded Risk Model Validatio ...
-
Manager, Wholesale Model Validation
2 weeks ago
eFinancialCareers London, United Kingdom**Role Responsibilities**: · - Perform an independent validation of new and existing credit risk models that are used in risk management, capital calculation, stress testing etc. · - Qualitative review of model development process including underlying assumptions & theoretical ba ...
-
Model Validation Analyst
1 week ago
Aldermore Bank PLC London, United KingdomAldermore Group – why we exist · Let us tell you a bit about us · We're Aldermore – the award-winning bank, trusted and highly rated by over a quarter of a million customers for more than a decade. With our range of specialist mortgages, savings accounts and business finance sol ...
-
Market Risk Model Validation
3 weeks ago
CRISIL LIMITED London, United KingdomJob Description Sheet · **Job title** · Market Risk Model Validation - SeniorAnalyst · **Location** · London · **Experience** · 7-10 years · **Job Duties** · We are looking for an experienced Market Risk model validation senior analyst with sound knowledge of domain understanding ...
-
Model Validation Analyst
1 week ago
Aviva London, United KingdomModel Validation Analyst · This is a great job for someone who has relevant quantitative and modelling skills with knowledge of asset management and financial markets. · A bit about the job: · As a model Validation Analyst your role is to provide adequate review and challenge f ...
-
Model Validation VP
3 weeks ago
The FISER Group London, United KingdomJob Description · My client is looking for an experienced Quant professional to join their growing team in an expansive role with the opportunity to grow within in a renowned investment banking corporation. · The role will see you working on the validation of quantitative metho ...
Risk & Pricing Model Validator VP - london, United Kingdom - Morgan McKinley
![Default job background](https://contents.bebee.com/public/img/bg-user-ex-1.jpg)
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