Associate Director – Financial Risk Management – Quants

Key Responsibilities

• Develop and execute validation plans, including defining validation objectives, scope, methodologies, and timelines.
• Perform thorough model testing and validation procedures, including back-testing, sensitivity analysis, stress testing, scenario analysis, and outcomes analysis.
• Document validation findings, including strengths, weaknesses, limitations, and recommendations for model enhancements or remediation actions.
• Communicate validation results and recommendations to key stakeholders, including model owners, senior management, risk committees, and regulatory authorities.
• Collaborate with model developers, quantitative analysts, risk managers, and other stakeholders to address validation findings and implement model improvements.
• Stay abreast of regulatory developments, industry trends, and best practices related to model risk management and validation

Qualification & Requirements

Educational Requirements

• Bachelor’s Degree in a quantitative subject

Work Experience

• 8+ Years Required.

Required Qualifications:

• Bachelor’s Degree in a quantitative subject.
• Broad experience with financial services, markets, and instruments.
• Programming experience in a variety of languages and platforms.
• Experience in testing computer programs and models.
• Quantitative acumen and problem-solving ability.

Preferred Qualifications:

• Master’s Degree or PhD in a quantitative subject.
• Hands-on experience with artificial intelligence programming and platforms, both traditional machine learning and generative AI.

Related Skills

• Advanced Mathematics, Communication, Critical Thinking, Data Analysis, Financial Acumen, Financial Modeling, Market/Industry Dynamics, Model Validation, Prioritizes Effectively, Problem Solving, Programming, Quantitative Analysis, Statistics

Benefits

• Family care and planning
• Wellness programs with incentives
• Company-funded retirement plan