Senior Model Validator Group Risk (broad scope with focus on Credit Risk)

Vye Professionals; United States; Remote; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Senior Model Validator to oversee credit risk models and ensure their integrity. This role offers the opportunity to work in a multicultural environment, focusing on high-risk models while mentoring team members and sharing knowledge across the organization. With a strong emphasis on quantitative analysis, the position allows for significant flexibility, including remote work options. Join a dynamic team that plays a crucial role in the risk management landscape of the insurance and banking sectors, where your expertise will make a meaningful impact.

Benefits

Competitive salary

Flexible remote work options

Comprehensive benefits package

Qualifications

• 8+ years of experience in Model Development or Validation for Credit Risk.
• Proficient in R or Python for model validation tasks.

Responsibilities

• Validate credit risk models and ensure compliance with standards.
• Mentor team members and enhance knowledge sharing across the organization.

Skills

Model Development

Model Validation

Credit Risk

Programming (R, Python)

A-IRB

Knowledge Sharing

English Proficiency

Education

Master’s degree in an economic or quantitative field

Job description

Senior Model Validator Group Risk (broad scope with focus on Credit Risk)

The Senior Credit Risk Model Validator focuses on validating credit risk models as well as models in the insurance and banking domains. The role involves extensive interaction with colleagues and stakeholders, serving as the authority within the Credit Risk domain. While the position is strongly quantitative, it also emphasizes guiding, mentoring, and sharing knowledge within the team at the group level.

Requirements

• Extensive experience (8+ years) in Model Development or Model Validation related to Credit Risk models
• Extensive experience with A-IRB
• Master’s degree in an economic or quantitative field
• Proficiency in programming languages such as R or Python
• Desire to gain experience with a broad range of models, including those outside of credit risk
• Strong motivation to become an authority within Credit Risk model validation at the group level
• Focus on enhancing knowledge sharing within the company
• Excellent command of English, both written and spoken

Our client is a renowned company within the insurance and banking industry.

The Department

The Model Validation team is responsible for validating all significant models used within the organization, focusing on high-risk models such as credit risk models and AI/machine learning models. The team works with various models, including insurance, market risk, and credit risk models. The department is multicultural, with communication primarily in English, and emphasizes close teamwork. Model Validation is part of Risk Management and reports directly to the CRO.

Offers a competitive salary, benefits, and significant flexibility for remote work.