A top International Bulge Bracket bank is looking to hire a Model Validation Associate Director to join their Model Risk Analytics department. This role will sit on the Fixed Income team, and is located in Jersey City, NJ. The environment will be very dynamic and hands on, with tasks such as building challenger models, developing toolkits, and interacting frequently with the front office.
Ideal candidates will have experience working with fixed income portfolios and a model validation background. Past experiences within securitized product trading will also be a plus.
The Model Validate Associate Director's Responsibilities include:
- Validating VaR models, interest rate models, and stress testing models for securitized product trading
- Effectively challenging model users/modelers on all matters relating to model risk
- Facilitating compliance with model risk policies and procedures, emphasizing controls pertaining to model usage
- Engaging the front office, risk team and finance team to identify, assess, and oversee model risk
The Model Associate Director should have:
- 3+ years of experience in model validation or model risk analytics
- Strong coding skills in Python or C++
- Bachelor's degree with a Quantitative focus is preferred
Experience working with Securitized Product models, mortgage loan models, VaR models, interest rate models, PPNR models and/or insurance models are a plus