MRM Risk Analyst

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Location
Cincinnati, OH
Salary
$100,000 - $160,000
Job Type
Direct Hire
Degree
Doctor of Philosophy, Master of Science
Date
Mar 09, 2017
Job ID
2459874
Several opportunities at a mid-market financial institution to provide support to the continous development of a robust framework of Model Risk management. If you have 5 years experience in model development or validation, we would like to speak with you.

Qualifications:
PhD. in quantitative field (i.e. statistics,  math,  physics,  finance etc.) preferred. Master' s  degree in  quantitative fields  from top universities will  also  be   considered.
CFA or FRM preferred.
Minimum of 5 years’ experience in financial industry, ideally in model development or model validation area.
Strong quantitative skills and know ledge of statistical analytic methods.
Hands-on programming experience on SAS, Matlab, VBA, or other programming software.
Ability to develop constructive recommendations based on validation findings.


Responsibilities:
Independently perform model validation in accordance to the bank Model Risk Management policy and procedure.
Assess the soundness of model inputs, assumptions, methodology and conceptual framework.
Design and conduct outcome analysis to evaluate model performance.
Identify model risks, limitations and propose potential model issues or recommendations based on findings.
Present test results, validation findings, and overall model risk assessment to management. Work with model owners to develop a robust ongoing monitor system to effectively mitigate model risks.
Coordinate with Model Governance analyst to address any outstanding issues.
Keep abreast of industry best practice  standards  for  model validation.
Serve as point of contact for Line of Business audits and regulatory examinations of model validations.
Coach, mentor, and develop junior validators.

 
Preferred but not required:
Experience in any one of the following products QRM
AD& Co, Adaptiv, Findur, BlackRock  Solutions, RiskCalc, Kiodex, Wall  Street System, Moody' s Analytics, Bloomberg