Description
Model Risk Analyst, Tier One Investment Bank, Chester, 6 months+
Tier One Investment Bank is looking to appoint an Analyst with Risk Model Development to their team in Chester. The role will focus upon for independent validation and on-going review of predictive models to ensure they follow good modelling practices and are in compliance with Model Risk Policy and US and UK regulatory requirements.
Key Accountabilities and Responsibilities
- Independent model validation and effective challenge for any new or materially changed models prior to use, including provision of appropriate analysis and reports. Model validation reports must critically review and analyse the developer's documentation and test results and independently perform sufficient analysis and tests to enable the Model Risk Manager and Consumer Model Risk Officer to conclude on the following points;
- the model's conceptual soundness
- limitations and weaknesses of the model for its intended use, support for key assumptions, relevance and quality of reference data
- accuracy of mathematical implementation and processing
- degree of uncertainty associated with the model and range of parameters within which the model functions
- adequacy of ongoing monitoring plans and acceptable results of initial outcomes analysis and benchmarking
- quality of documentation, including developmental evidence, testing, benchmarking and outcomes analysis
- Complete annual reviews on each model to determine whether the model is working as intended, the assumptions continue to be reasonable and existing validation activities are sufficient.
- Escalate model use breaches, communicating plans for corrective actions and recommending compensating controls
- Contribute to Model Risk reporting to furnish relevant MBNA committees, Risk & Audit Committee, & MBNA Board.
Essential Experience and Technical Qualifications
- Degree in Mathematics/Statistics or related quantitative field
- Strong modelling experience in risk or marketing area with specific experienced in the development of predictive models using appropriate techniques such as Linear Regression, Logistic Regression, CHAID
- Strong SAS programming experience. Highly developed SAS skills. Significant experience in the use of SAS to manipulate and process large datasets, making use of relevant procedures and language.
- Understanding and knowledge of modelling process and model performance measures
- Ability to communicate and disseminate complex analysis to a less technical audience
- Good working knowledge of word processing, spreadsheet and presentation software
If you wish to apply for the above position, please call me or email
Please be advised if you haven't heard from us within 24 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you accordingly. Adecco is an employment consultancy and operates as an equal opportunities employer.