VP, Model Risk Management (IRB) — London

PowerToFly; Greater London; On-site; GBP 125,000 - 150,000; Full time

Job summary

A global financial services firm is seeking a Vice President for Model Risk Management (IRB) in London. This role involves validating models used by the firm, developing reports, and collaborating with global teams. The ideal candidate should have a Master’s or Ph.D. and at least 5 years of experience in model risk management. A background in quantitative finance or similar fields, along with proficiency in Python and R, is highly desirable. The firm values diversity and seeks individuals committed to excellence.

Benefits

Comprehensive employee benefits

Flexible working arrangements

Support for diverse backgrounds

Qualifications

• Minimum of 5 years of relevant model risk management and/or quantitative modelling experience.
• Experience with IRB models wholesale, retail, and securitization gained at a financial institution (preferred).
• Understanding of Internal-Based Rating (IRB) models, such as PD, LGD, EAD, Stress testing, IFRS9.

Responsibilities

• Conduct model validation for Internal-Risk-Based (IRB) models.
• Assess and quantify model risks and develop compensating controls.
• Develop high-quality validation reports for stakeholders.

Skills

Mathematical finance

Statistics

Model risk management

Quantitative modeling

Python

R

Communication

Education

Master's or Ph.D. in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field

Job description

A global financial services firm is seeking a Vice President for Model Risk Management (IRB) in London. This role involves validating models used by the firm, developing reports, and collaborating with global teams. The ideal candidate should have a Master’s or Ph.D. and at least 5 years of experience in model risk management. A background in quantitative finance or similar fields, along with proficiency in Python and R, is highly desirable. The firm values diversity and seeks individuals committed to excellence.