Associate/AVP/VP - Model Risk Auditor - Investment Bank

Model Risk Auditor (Associate/AVP/VP) for Global IB

This opportunity is for individuals with proven expertise in modeling of risk and valuation in financial services to join a newly established Model Risk Audit team within Internal Audit which is responsible for delivering independent assurance over model risks globally. The reach of the team extends to all functions of the bank (including risk management, pricing/valuation, capital, and other business decision making models).

We are hiring across all levels :

Associate : 2 to 6 yrs of experience, No of Requirement : 4

AVP : 6 to 10 yrs experience, No of Requirement : 2

VP : Maximum 15 yrs experience, No of Requirement : 1.

Leadership/team handling experience is mandatory for VP.

- The successful candidate will be expected to perform audit procedures covering the end to end model development and validation process, including review and testing of model design, implementation, application, validation and governance processes.

- Successful candidates will be expected to build relationships with key stakeholders, keep up to date with emerging best practices and developments and perform continuous risk monitoring activities.

Candidates for the role in the Internal Audit Model Risk team are expected to have the following :

- A first degree in mathematics, physics, engineering, finance or econometrics and ideally a Masters or PhD in one of those areas or finance. Experience in data analysis and management, and trading risk management systems would be an advantage

- Hands-on experience of model risk and capital modeling, derivatives pricing and broader financial modeling is desirable, but regardless of experience all candidates should be able to demonstrate an understanding of capital modeling, financial and derivative products and mathematics, from private study if they have not worked in the financial sector

- Experience in model risk assurance activities (internal/external audit, independent validation or regulatory environment) would be an added advantage

- Strong communication and writing skills (fluency in English is a prerequisite)

- Excellent knowledge in risk management, quantitative analysis and software