Field of activity
Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods.
We define validation guidelines, develop appropriate validation methods, employ validation instruments on a regular basis and perform ad hoc model reviews in light of a changing regulatory environment and market conditions.
Your primary role is to drive and participate in the validation of models employed for the management of financial and operational risk.
Tasks / responsibilities
Define and maintain validation guidelines and documentation
Develop appropriate quantitative and qualitative validation methods
Drive and participate in the initial validation of new and / or changed models
Independently assess the adequacy and robustness of risk models on a regular basis
Engage with model owners and development experts to ensure model risk is properly addressed
Work in close collaboration with IT to accompany the development process for model validation tools
Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position
Prepare regulatory submissions