Senior Manager Model Validation (m/w/d)
Our client is one of Europe's leading energy and utilities companies headquartered in the south of Germany. The new Head of Risk is looking to grow the company's model risk management function. He is looking for an experienced quantitative risk professional to build the internal model validation team. This person will work closely with the front and middle office, the model development team and external stakeholders to implement new processes and communicate effectively with management. The ideal candidate will have broad knowledge in risk modelling across market, credit, liquidity and other risk types. There will be a chance to build a team extend this positions responsibilities in the future. This role can be done remotely from anywhere in Europe, but the line manager would expect regular travel to the headquarter in southern Germany.
Please find more details here:
Job description:
- Take care of assessment, acceptance or rejections and clear communication of model risk
- Risk models within a model risk framework based on the Federal Reserve (FED) guidance on model risk management (SR 11-7)
- Working with the quants in the Quantitative Modelling department (Middle Office area) as well as front office quants
- Definition of model acceptance criteria with traders and quants and verification that models perform as expected (e.g. backtesting)
- Continuous monitoring of model performance to initiate ad-hoc validations
- Maintenance of the model inventory
- Coordinate external support for performing the validation and plan yearly validation
- Reporting on the progress and results of the validation to the Risk Committee
Your Profile:
- University degree in physics, mathematics, economics or comparable quantitative background with a focus on modelling
- Modelling experience with price and valuation models ideally with focus on commodities, interest rate models, exotic equities, or comparable
- Knowledge of the European energy markets would be appreciated
- Model validation experience in a risk function would be a plus
- Professional experience in modelling or model validation
- Communication skills
- Fluent in English; German would be appreciated
For further information please apply here or call Chantal Kramp directly - her number is +49/ 166389732