Company:

Join one of the world’s largest banking and financial services organisations! Our Client’s global businesses serve more than 40 million customers worldwide through a network that covers 64 countries and territories.

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About:

Model Risk Management (MRM) at the company is structured as a global function, headed up by the Chief Model Risk Officer (CMRO). The MRM function reports directly to the Group Chief Risk and Compliance Officer (GCRCO) ensuring its independence from the model developing and owning areas of the firm.

Independent Model Validation is a specialist quantitative role within the Model Risk Management team responsible for carrying out independent validations of the company’s model landscape, to identify and communicate model limitations and issues.

Independent Model Validation provides independent challenge of a model’s underlying theoretical assumptions and limitations, its practical implementation, its live application, and business usage, providing stakeholders (including model users, senior management, audit and regulators) with assurance that models and tools developed, maintained and used within the company are fit for their intended purposes and are compliant with applicable internal and supervisory expectations. They will also review remediation plans and activities, undertake portfolio level reviews across model types and challenge the model owners on the appropriate application of relevant policy of models.

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What you’ll do:

• Undertake model validation and testing activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.
• Provide written reports detailing the results of validations highlighting issues identified during the validation.
• Communicate technical model related information and results to Model Owners and Model Users through
  the course of a validation.
• Contribute to management, regulatory, and external confidence in all models used across the group.

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What you need to have:

• Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics,
  Quantitative Finance, Economics or Engineering.
• Knowledge in one or more of the following areas: Stress Testing and Scenario Analysis models, Traded
  Risk and Pricing Models, Global Markets Trading & Hedging models, Asset Liability Models, etc.
• Knowledge of statistical model and scorecard development techniques.
• Knowledge of Risk models, performance metrics and risks and associated issues.
• Some knowledge of internal procedures and local regulations and those of other country regulators would
  be an advantage.
• Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab,
  C++, VBA.
• Experience of developing and reviewing models throughout the customer lifecycle.
• Experience of conducting independent model reviews is beneficial.

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What they offer:

• Annual performance-based bonus
• Additional bonuses for recognition awards
• Multisport card
• Private medical care
• Life insurance
• One-time reimbursement of home office set-up (up to 800 PLN) and more
• Corporate parties & events
• CSR initiatives
• Nursery and kindergarten discounts
• Language classes
• Professional training & courses
• Financial support with training and education

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Note: Prepare your CV in English (PDF), fill in the form and apply! 

Dotcommunity is registered in the Register of Employment Agencies (KRAZ) under number 9904.