Vice President/Director/Head - Financial Model Validation & Control - Investment Bank

Vice President/ Director/ Head - Financial Model Validation & Control-Investment Bank

Job Descirption

You would be responsible for setting-up the Finance Model Control office for the bank. This unit would be responsible for ensuring model governance & control for financial models. Model Control Office is a newly created unit that is responsible for ensuring Finance-owned models meet the governance standards laid down by the firm's Enterprise Risk Management Framework. This function would be responsible for partnering with model owners across Financial Control, Product Control, Business Performance & Analytics, etc to ensure delivery of the Bank's strategic goals.

Some of your key responsibilities shall be as follows:

Set-up and lead the Model Control Office for the bank

Review and validate models in order to ensure control/governance

Work with model owners to ensure Inventory Maintenance, Model Monitoring, Model Approval, Documentation, Model Change Management, Model Decommissioning

Oversee the overall control environment for model risk while working along with Model Development & Validation teams

Establish a periodic controls and governance process including monitoring model usage/changes

Partnering with model owners to judge the effectiveness of models including challenging where needed.

Producing high-quality model documentation. In order to write the documents, the individual will need to work with all relevant teams involved in the model life cycle to understand the scope, assumptions, limitations, and controls operated by them.

Working with IVU through the model approval process.

Producing MI for the BI Finance - Model Controls Office

The Successful Applicant

Bachelor's/Masters degree in Mathematics/Physics/Financial engineering, etc

6+ years of total work experience with strong quantitative & analytical skills and technical writing skills.

Solid understanding/experience of financial model validation along with ability to establish a strong control environment

Excellent technical writing skills along with the ability to produce high quality written communication including reviews of models, risk policies and presentations for technical and non-technical stakeholders

Strong oral communication skills and experience of dealing with stakeholders in different locations

Hands-on with Excel along with excellent understanding of Macros