Job Overview
As a Model Risk Associate, you will play a key role in assessing the soundness and compliance of our models. You will collaborate with stakeholders across the business to contribute to a strong model governance framework.
You will develop hands-on expertise in a dynamic, regulated environment ensuring strict adherence to internal policies and regulatory mandates.
Key Responsibilities:
* Conduct validations for a diverse range of models including credit risk market risk operational risk and anti-financial crime models.
* Develop comprehensive validation reports that clearly articulate scope methodology findings conclusions and actionable recommendations.
* Effectively communicate validation outcomes and recommendations to relevant stakeholders through clear presentations and discussions.
* Systematically track identified validation findings and recommendations following up on remediation efforts to ensure timely resolution.
* Maintain an up-to-date understanding of evolving regulatory requirements and industry best practices pertaining to model risk management and model validation.
* Collaborate proactively with model development teams and other risk management functions throughout the entire model lifecycle to foster a robust model risk management framework.
* Contribute to the continuous improvement of model validation methodologies standards and documentation ensuring they remain effective and aligned with best practices.
Qualifications and Skills:
* Quantitative academic background: Master's in statistics mathematics business economics or a similar field with a quantitative focus.
* Practical experience in model validation is a plus.
* Methodological proficiency prior knowledge of statistical Machine Learning methods hypothesis testing and data quality analysis techniques.
* Technical experience hands-on experience with Python SQL.
* Entrepreneurial mindset proactive solution-driven approach to challenges.
* Hands-on approach eager to tackle new topics demonstrating quick grasp in conceptual project work and strategic thinking.
* Fluent English German is a plus.