Quant Model Risk Analyst

Posted 20 February 2024
Salary Up to £150000.00 per annum
Job type Permanent
Discipline Risk
Contact NameConnor Nurse

Job description


* Lead the Company's independent model review processes of quantitative and qualitative models
* Develop rolling validation and periodic schedules to ensure models are validated and reviewed at required intervals and when material changes are made to the models
* Facilitate all aspects of internal and external model validations, including planning the validation scope and requests for information, scheduling meetings, developing and coordinating email communications, and producing reporting for stakeholders
* Perform independent, internal model validations of quantitative models. Internal validations require the Associate to:
o Review the appropriateness and conceptual soundness of each model individually and in aggregate
o Effectively challenge a model's inputs, assumptions, and testing;
o Assess the effectiveness of a model relative to alternatives;
o Evaluate the ongoing monitoring plan of a model, including whether testing is sufficient in between model reviews to identify model deterioration as well as evaluating whether the model control framework is effectively designed; and
o Identify and report weaknesses to business partners and stakeholders
o Assess the comprehensiveness of model documentation


Bachelor's Degree in Economics, Math, Statistics, Finance or a related area of study
* At least five years of previous model validation experience at a financial institution subject to SR 11-7 and FDIC FIL 22-2017
* Advanced skills at Microsoft Office (Excel, PowerPoint and Word)
Intermediate programming skillset capable of using statistical software (e.g., R, Python, etc.)
* Experience with Archer Governance, Risk, and Compliance platform
* Strong financial and credit acumen
* Advanced knowledge of capital, credit, interest rate, and liquidity risk as well as CECL regulatory requirements
* Analytical and strategic thinking with attention to detail
* Ability to work independently and in a team
* Excellent written, communication, organizational, and interpersonal skills
* Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner