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Sitting within the 2nd line of defense, this Officer will report jointly to the Operational Risk Manager of the Poland branch and the Head of GA Model Risk team. The GA Risk team is made up of over 70 risk professionals based in London, Dublin, Germany, and Poland, together with the US and Asia. As a combined group, we are responsible for identification, control, and reporting of operational, investment, credit and liquidity risk globally.
Your Duties and Responsibilities As a member of the Model Risk team, you will:
Support Model Risk Management in achieving regulatory compliance while gaining efficiency and productivity
Review the model workflow and identifying gaps in model development, implementation, and usage process and documentation
Collaborate with portfolio managers, traders, researchers, IT, and Corporate Model Risk Management to conduct independent full scope validation as well as annual reviews of GA investment models
Review and assess model changes and conduct targeted validation on significant model changes
Evaluate remediation submissions and ongoing monitoring of GA investment models
Identify, assess, and report model risks on individual model and aggregate level to management through validation reports for all GA models
Assist in various ad-hoc requests
Your Qualifications You will have the following strengths:
Master's degree in finance, mathematics, statistics, or a related quantitative field, or its equivalent
Strong verbal and written communication skills in English is essential
Ability to articulate ideas and analysis effectively
Programming fluency in Python/R/Matlab language is highly preferred
Ability and self-motivation to master concepts quickly and connect dots
Ability to adapt to a changing environment and handle multiple priorities to tight deadlines
CFA or CFA candidacy is preferred
Past experience in modeling or validation in financial industry is ideal
Ability to gain trust and respect of business partners while bringing objective and independent challenge to their activities
Seniority dependent on your qualifications
Internal Number: 5641070
About State Street UK
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