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