Cross Asset Valuation New Product Lead - Model Risk Control VP

Competitive
Permanent
City of London
07 Jan 2020
BBBH750179

Global investment bank seeks VP level candidate to act as Cross Asset New Product Lead within Model risk Control.

Overview:

You'll be joining the Model Risk Control team, which is responsible for checking the appropriateness of product model combinations as well as validating the product name assigned to trades across all asset classes globally. The product name is used to determine model appropriateness and classify trades for various reporting processes (such as Model Risk, Regulatory Reporting, trader mandates, etc.). The team sits with Valuation Group and reports to the Pricing Model Risk Management Steering Committee . It interacts regularly with the Front Office (Strats and Trading), Model Risk Management, Independent Price Verification and Valuation Methodology, Pricing Analytics, Group Audit and Global Technology.

Key Responsibilities:

Liaising with senior stakeholders in Front Office trading, Pricing Analytics, Strats and model validation to approve new products
Defining the product validation logic for new products in terms of the features on the trades and ensuring validation controls are synced up with new product creation
Leading the build out of preventative controls in Fixed Income Currencies for model risk control
Working with Trading and Strats to remediate product tagging and definition issues to improve the Model Risk Control environment
Building relationships with stakeholders (e.g. front office) through regular interaction and co-operation, but always acting in the best interests of the Bank
Managing operational risk by ensuring processes are documented and staff are cross-trained
Developing your technical expertise to ensure you have the knowledge to face-off against technical experts in divisions outside of
Review and Supervision of product validation logic inventory for robustness

Skills & Qualifications:

Previous experience working with banking products and understanding how they're booked
Experience in dealing with Front Office business leaders
Pricing and modelling of derivative products, with strong derivatives product knowledge
Knowledge of front-to-back architecture of Investment Banks
Programming experience in Python, C++ and Sequel Server an advantage
Educated to Bachelor's degree level or equivalent qualification/relevant work experience
Accounting qualification beneficial
Control focused, deadline orientated, team player with high attention to detail

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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Alex Riedl's picture
Principal Consultant
London + 44 20 7092 0103 | ariedl@morganmckinley.com