Key Model Risk Analyst
5 days ago
**Job Summary:**
A Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional teams to ensure models remain robust, well-documented, and updated as needed.
**Job Purpose:**
• Perform full recertification or affirmation of model parameters and performance based on inventory and review schedules.
• Identify Model Risks: Assess model risks during certification reviews.
• Materiality Assessments: Design and implement materiality assessments and monitoring for limitations with the Quant Risk team.
• Understand Operational Constraints: Analyze and incorporate physical operational constraints into model representations when necessary.
• Performance Review: Conduct performance reviews, including convergence tests and other performance evaluations defined in the model.
• Documentation & Version Control: Ensure models are properly documented, version-controlled, and validated for a clear audit trail.
**Requirements:**
• Bachelor's Degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering.
• A minimum of 3-7 years of experience in model risk management, validation, and control, with in-depth knowledge of regulatory frameworks (e.g., IFRS, PRA) and experience using risk modeling tools (e.g., Python) and model validation methodologies.
**About the Role:**
This is an exciting opportunity to join Network Recruitment and contribute to the development of a strong model risk governance framework. If you are a senior model risk analyst looking for a new challenge, please apply directly. For more finance jobs, please visit Network Recruitment's website for more information.
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