Model Risk Management / Model Validation Specialist
Model Risk Management / Model Validation Specialist
Unison Group New ZealandFresher
- Posted 23 hours ago
- Be among the first 10 applicants
Job Description
Key Responsibilities:
- Work within the Model Risk Management (MRM) framework covering pre-trade and post-trade model risk activities.
- Perform independent validation and assessment of financial and investment risk models.
- Validate models used for investment, financial modelling, pricing, risk measurement and trading activities.
- Review model methodology, assumptions, data, limitations, performance and implementation.
- Conduct model development, evaluation and validation activities, including back-testing, stress testing and sensitivity analysis.
- Assess model performance across pre-trade and post-trade workflows and identify model weaknesses or limitations.
- Prepare detailed Model Validation Reports, findings, recommendations and remediation requirements.
- Partner with Model Developers, Quantitative Analysts, Risk, Trading and Business teams to resolve model risk issues.
- Ensure models comply with established Model Risk Management policies, governance standards and validation procedures.
- Support model inventory, model lifecycle management, risk ratings, approvals and ongoing monitoring.
- Preferred candidates should have prior experience working on Investment / Financial Model Risk Management and model evaluation/development.
- Alternatively, candidates with strong Model Risk Management business-domain SME experience and good understanding of model validation processes will be considered.
- Strong experience in Model Risk Management (MRM).
- Hands-on experience in Model Validation / Model Evaluation.
- Understanding of pre-trade and post-trade risk management workflows.
- Experience with investment, financial or trading risk models.
- Strong knowledge of model governance, model lifecycle and model controls.
- Experience in financial institutions, investment banks, asset management or capital markets is preferred.
- Strong analytical, documentation and stakeholder-management skills.
- Candidates with quantitative/model development experience will have an advantage
More Info
Key Skills
Quantitative model development
Investment financial or trading risk models
Model lifecycle
Model governance
Model Evaluation
Model controls
Pre-trade and post-trade risk management workflows
About Company