Vice President - Quantitative Model Validation Analyst

Title: Quantitative Model Validation Analyst

About the Role:

Join our team as a Quantitative Model Validation Analyst, where you'll play a crucial role in ensuring the integrity and reliability of our financial models. You'll be responsible for rigorous model review, independent testing, and comprehensive risk assessment. This position offers a unique opportunity to directly impact our firm's risk management practices and collaborate with diverse stakeholders.

Key Responsibilities:

Rigorous Model Evaluation:

- Conduct in-depth evaluations of model specifications, assumptions, input reliability, testing completeness, implementation accuracy, and performance metrics.

- Assess the suitability and comprehensiveness of risk measures.

Independent Model Testing:

- Perform independent testing by replicating or developing benchmark models.

- Design and execute experiments to quantify the impact of model limitations, parameter errors, and deviations from assumptions.

- Compare model results to real world data and benchmark models.

Clear Communication and Documentation:

- Document detailed model review findings and effectively communicate them to stakeholders across the organization.

Proactive Model Governance:

- Serve as the primary point of contact for model governance inquiries within your coverage area.

- Identify and escalate critical issues to ensure timely and sound resolutions.

- Provide expert guidance on appropriate model usage to developers, users, and stakeholders.

- Monitor model performance and communicate the results.

- Maintain accurate model inventory and metadata.

- Stay up-to-date on industry advancements in products, markets, models, risk management, and regulatory standards.