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Model Risk Management – Validation (VP) (#136464)

at Credit Suisse

Posted: 10/3/2019
Job Status: Full Time
Job Reference #: 136464
Keywords:

Job Description

The Risk division is a highly visible, dynamicarea of the firm where you can be an integral part of decisions making thatsupports the bank's business. Our responsibilities range from enterprise riskmanagement to risk and finance reporting and regional risk teams covering therisk management for our entities.

 

The Risk division's long-term success depends on our ability toachieve our vision and fulfill our mandate. Ultimately, this depends on theskills, experience and engagement of our employees. We offer a collaborativeand ambitious environment that offers direct contact with senior management andencourages leadership at all levels.

 

The Model Risk Management (MRM) team has a mandate to validate theBank's business-impactful models firm-wide and more generally to identify,measure, and handle model risk across Credit Suisse. The team is established inLondon, Zurich, Mumbai, Singapore, New York, Warsaw and now Raleigh.

As an entry level member of the MRM validation team you will getexposure to modeling in a wide variety areas such as economic capital,liquidity risk and CFO models etc. The current heightened regulatory focus onthese areas and the team's broader model risk scope also guarantees asignificant level of interest and visibility to the business and seniormanagement.

 

Role Description:

  • You will review, verify and validate a large variety of models for theoretical soundness.
  • You will test model design and identify model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.
  • You will be expected to demonstrate independence in testing,
  • You will be expected to keep comprehensive documentations of your work.

Credit Suisse maintains a Working Flexibility Policy, subject tothe terms as set forth in the Credit Suisse United States Employment Handbook.



Qualifications

  • You hold a Master's degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, and Finance/Economics. Masters or PhD preferred.
  • You have knowledge in financial modeling and can demonstrate deep understanding of capital modeling, financial and derivative products and mathematics.
  • You are able to communicate effectively with business partners and to present complex topics to a diverse range of audiences.
  • You have analytical and computational skills in addition to a strong understanding of qualitative methodologies.
  • You bring strong presentation and collaboration skills with the ability to work within a global team.
  • Programming experience of software applications such as R, Matlab, SQL and SAS.