IRB Model Validation Specialist
3 weeks ago
Key Responsibilities:
As a Model Risk Validation Expert, you will conduct thorough validation of IRB models to ensure their accuracy, robustness, and compliance with regulatory requirements. This includes challenging model assumptions, mathematical formulation, and implementation, as well as independent testing to assess model performance under various scenarios and market conditions.
Model Validation and Risk Assessment:
You will assess and quantify model risks due to model limitations and develop compensating controls to mitigate these risks. Additionally, you will develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders and senior management.
Requirements:
5+ years of experience in IRB modeling or validation, preferably in a leading wholesale bank. Proficiency in Python, R, or VBA is required. Available to start immediately.
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