Model Risk Management Associate

Conduct model validation for Incremental Risk Charge (IRC) models in the market risk space by challenging model assumptions, mathematical formulation, and implementation Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions Assess and quantify model risks due to model limitations and develop compensating controls Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders, senior management Collaborate with Global MRM teams, Developers, Model Control Officers, Valuation Control and Risk Managers to manage model risk across the model lifecycle Cultivate and manage effective relationships with regulators by providing accurate and timely submissions Master's or Ph.D. degree in Mathematics, Mathematical Finance, Physics, Engineering, Finance, Economics or a related quantitative field or equivalent At least 2-4 years of relevant model risk management and/or quantitative modelling experience. The ideal candidate will have experience with IRC or VaR models gained at a financial institution Knowledge of relevant regulatory requirements for market and credit risk Interest or experience with programming in a high-level language such as Python The ability to effectively communicate with a wide range of stakeholders, both written and verbally An interest in working in a fast-paced environment, often balancing multiple high priority deliverables Clear thinking, good business sense and judgment, proactive and collaborative attitude Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. Our innovative team delivers deep technical and mathematical expertise to support the Firm's capabilities in quantitative analysis, data analysis, and risk management. #LI-hybrid Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks. Flexible work statement Interested in flexible working opportunities? Speak to our recruitment team to find out more. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.