Model Risk Audit Manager, Risk Models (AVP), Birmingham, Edinburgh

Recruiter
Millar Associates
Location
Staffordshire
Salary
Competitive
Posted
17 Jul 2018
Closes
21 Jul 2018
Job Type
Manager
Contract Type
Permanent

KEY RESPONSIBILITIES:

  • Undertake audits of all aspects of model development, implementation and usage to provide independent assurance over the Group's internal model risk control framework.
  • Understand key risks and controls in financial services, in particular, those, associated with trading, regulations & models
  • Provide quantitative support for assessment of model design, validation and related processes
  • Submit audit reports or conclusions for each audit conducted or supported
  • Execute risk-based audits using appropriate audit methodology
  • Deliver and document audit work to high standards and within timelines

KEY SKILLS & EXPERIENCE:

  • Hands-on experience with models in:
    - credit risk, e.g. Basel, stress test, IFRS9 models, score card, capital models
    and/or
    - market risk e.g. pricing/valuation, risk, analytics models
  • Such experience may be gained from:
    - Front office/first line of defence model development team
    - Independent model validation/second line of defence team
  • The candidates will likely come from a quantitative background with degrees in mathematics, statistics, economics, physics, computer science, etc.
  • Some basic understanding of the role of audit will be beneficial
  • A master degree or higher in a quantitative subject
  • Command over a wide range of analytical tools, techniques, regulations & models