About the role
AI summarisedThis role is for an Associate in the Model Implementation team within the Risk Management Group at a bank. The associate will be responsible for implementing and validating risk models, ensuring compliance with regulatory standards, and supporting risk reporting.
BusinessFull-timeGeneral
Key Responsibilities
- Implement and maintain risk models for credit risk, market risk, and operational risk.
- Conduct model validation and back-testing to ensure accuracy and compliance with regulatory requirements.
- Develop and enhance model implementation frameworks and documentation.
- Collaborate with quantitative analysts, risk managers, and IT teams to integrate models into production systems.
- Prepare and present model implementation reports to senior management and regulators.
- Monitor model performance and recommend improvements or adjustments as needed.
- Support ad-hoc risk analysis and reporting requests from various stakeholders.
Requirements
- Bachelor's degree in Finance, Economics, Mathematics, Engineering, or Computer Science.
- At least 3 years of experience in model implementation, risk management, or quantitative analysis.
- Strong programming skills in Python, SQL, R, or VBA.
- In-depth knowledge of credit risk, market risk, and regulatory frameworks such as Basel III.
- Excellent analytical and problem-solving abilities.
- Strong written and verbal communication skills.
- Ability to work independently and as part of a team in a fast-paced environment.
- Experience with model validation and back-testing is preferred.
- Familiarity with risk systems and data management is a plus.