Model Risk Governance and Review Equity Derivatives Quantitative Analyst Associate / Vice President
Model Risk Governance and Review Group (MRGR) carries out the review of models used across the firm and model risk governance.
MRGR has a global presence across New York, London, Mumbai, and Paris.
The group assesses and helps mitigate the model risk of complex models used in the context of valuation, risk measurement, the calculation of capital, and more broadly for decision-making purposes.
Derivative instruments are widely used in the Bank's businesses as part of the core trading activities or for risk management purposes.
and designing and monitoring model performance metrics. MRGR partners with Risk and Finance professionals and works closely with model developers and users.
Team members have opportunities for exposure to a variety of business areas.
As part of the firm’s model risk management function, MRGR is also charged with developing model risk policy and control procedures, providing guidance on a model’s appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations.
Model manager roles within MRGR provide attractive career paths for model development and model validation quants in a dynamic setting working closely with Front Office Trading Desks, Desk Quants or Model Developers, Risk and Finance professionals, where they act as key stakeholders on day-to-day model-related risk management decisions
The role currently available lies within MRGR Paris and will have a focus on the review of equity derivatives models and model risk governance.
Essential Skills, Experience and Qualifications
Desirable Skills, Experience and Qualifications