Nexus Jobs Limited

Job offer Risk Model Validation Quantitative Specialist - London

London

Nexus Jobs Limited

Job position

Permanent
< 2 years experience
London, England, United Kingdom
Published on 09/07/2024

Share this job

Job Description

Model Validation Quantitative Specialist - London

We require a Model Validation Risk Quant with at least 5 to 7 years of experience in IRB risk model validation.

The candidate should be experienced in conducting independent model validation and quantification of model risk including necessary communication of key facts and issues identified through those activities.

They must have hands on experience of validation and expert level knowledge of validation of models according to the UK regulations (CRR and SS 11/13) and industry best practice.

We have vacancies in Retail Banking across Secured, Unsecured and Corporate products.

Must have retail banking credit systems experience.

Must have Experience

A track record of validating credit IRB models within retail banking.
Experienced in reporting of model risk to management. Good verbal and written communications skills.

Knowledgeable in interpreting the CRR and Supervisory Statements (SS 11/13),Knowledgeable in IFRS9.
In depth understanding of Credit Models particularly PD LGD and EAD with associated assumptions, data requirements and methodology approach knowledge.

Familiarity with analytical packages such as R, MATLAB, SAS.
Possess the ability to rebuild the model offline for the purposes of validating outputs.
Fluent in English language and excellent verbal and written communications skills.

Knowledgeable in upcoming regulations consultative documents and market trends.
Educated with an associated finance or mathematical discipline to a post graduate standard.

Preference will be given to candidates who have the following additional experience:-

Professional qualifications such as CFA, PRMIA etc.
Direct regulatory liaison/relationship with the Bank of England Prudential Regulation Authority (PRA) on all retail model submissions, regulatory developments and capital impact assessments.

Any capital analytics experience within retail banking.
Presentation of model risk papers for the risk oversite committees.

Additional Notes
Investment banking quantitative experience is not relevant for this role.
SAS model developers willing to move into validation may be considered for other roles.

The position will be based in the City London.

Please send your CV to us in Word format along daily rate and availability.

Apply to this job!

Find your next job from +1,000 jobs!

  • Manage your visibility

    Salary, remote work... Define all the criteria that are important to you.

  • Get discovered

    Recruiters come directly to look for their future hires in our CV library.

  • Join a community

    Connect with like-minded tech and IT professionals on a daily basis through our forum.

Risk Model Validation Quantitative Specialist - London

Nexus Jobs Limited

Connecting tech talent

Free-Work, THE platform for all IT professionals.

Its contents and its IT job board are 100% free of charge for contractors and freelancers.

Free-workers
Resources
About
Recruiters area
2024 © Free-Work / AGSI SAS
Follow us

Technojobs has moved to Free-Work

We are thrilled to welcome you to Free-Work, an international platform dedicated to supporting IT talents, freelancers, and contractors in their professional journeys within the tech industry.

Technojobs has moved to Free-Work! Here, we will continue to offer a wide range of job opportunities, industry insights, news, and guides to assist you in your career. Plus, enjoy our new features including a community forum and exclusive deals and discounts available only to Free-Work users.

💡 Good to know: Your profile remains the same. Simply log in using your Technojobs email and password.

Enjoy your visit!

The Free-Work team