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Help the China lead to support the US team to conduct model validation activities and ensure model risks are correctly identified, assessed, and captured
Assessing model theory and model assumptions as well as considering model methods and potential options
Testing and confirming model results by using documented procedures for running the model(s).
Reviewing code documentation for proper model implementation, including the possible simulation of results
Working with data validation members and information technology professionals to determine model data integrity
Performing model validation processes and performing independent model validation of significant models
Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
Making recommendations and suggesting improvements related to the applicability of the different models assessed in meeting their objectives
Ensure compliance with the regulatory (SR11-7) and State Street quality requirements for model risk
Deliver the validation findings via management presentations and regular reports.
Communicate with onsite validators, model developers and business to relay the issues and feedback and capture the action plans
职位需求:
Experience in independent model validation of risk/financial models in banking industry
Master or PhD in related disciplines degree with extensive business knowledge and strong technical skills (e.g. Statistics, Econometrics, Mathematics, Computer Science or Engineering)
Solid experience in risk management in banking/finance industry
Good communication skills (verbal and written in English)
Ability to execute on competing priorities in a timely manner
Hands on experience in model development and/or model validation is a plus