Your area of work
Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define validation guidelines, develop appropriate validation methods, employ validation instruments on a regular basis and perform ad hoc model reviews in light of a changing regulatory environment and market conditions.
Your responsibilities
* Develop appropriate quantitative and qualitative validation methods including potential outcomes and their impact
* Participate in the initial validation of new and/or changed models
* Define and track Model Validation findings and work on potential recommendations to the model owner
* Maintain the model inventory of the different legal entities
* Assess the adequacy and robustness of risk models on a regular basis and prepare regulatory submissions
* Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position
Your profile
* You have completed your university degree in Economics, (Financial) Mathematics, Computer Science, Physics, or any other quantitative discipline
* You gained first relevant professional experience in risk management, ideally in Model Validation or Model Development
* You have sound knowledge and first practical experience in one or more of the fields Credit Risk, Market Risk and Operational Risk, quantitative (risk) modelling (Monte Carlo-Simulation, statistics, econometrics,…), ICAAP, ILAAP and Financial Regulations
* You have good technical knowledge and (object-oriented) programming skills, ideally in Python
* You are an efficient team player with good communication skills
* Proficiency in written and spoken English; French/German language skills will be an asset as well as the ability to clearly present complex topics in plain terms