Model Validation Specialist (f/m/d)

Your area of work

Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define validation guidelines, develop appropriate validation methods, employ validation instruments on a regular basis and perform ad hoc model reviews in light of a changing regulatory environment and market conditions.

Your responsibilities

• Develop appropriate quantitative and qualitative validation methods including potential outcomes and their impact
• Participate in the initial validation of new and/or changed models
• Define and track Model Validation findings and work on potential recommendations to the model owner
• Maintain the model inventory of the different legal entities
• Assess the adequacy and robustness of risk models on a regular basis and prepare regulatory submissions
• Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position

Your profile

• You have completed your university degree in Economics, (Financial) Mathematics, Computer Science, Physics, or any other quantitative discipline
• You gained first relevant professional experience in risk management, ideally in Model Validation or Model Development
• You have sound knowledge and first practical experience in one or more of the fields Credit Risk, Market Risk and Operational Risk, quantitative (risk) modelling (Monte Carlo-Simulation, statistics, econometrics,…), ICAAP, ILAAP and Financial Regulations
• You have good technical knowledge and (object-oriented) programming skills, ideally in Python
• You are an efficient team player with good communication skills
• Proficiency in written and spoken English; French/German language skills will be an asset as well as the ability to clearly present complex topics in plain terms