Model Risk Manager - Validation #137612
India-Mumbai-Mumbai | Full-time (FT) | Corporate Functions | Job ID 137612
Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations. Embodying entrepreneurial spirit, Credit Suisse delivers holistic financial solutions to our clients, including innovative products and specially tailored advice. Striving for quality and excellence in our work, we recognize and reward extraordinary performance among our employees, provide wide-ranging training and development opportunities,
and benefit from a diverse range of perspectives to create value for our clients, shareholders and communities. We are Credit Suisse.
Part of Enterprise Risk Management (ERM) at Credit Suisse, the Model Risk Management (MRM) team has a mandate to validate the Bank's business-impactful models firm-wide and more generally to identify, measure and manage model risk across Credit Suisse. The team is established in New York, London, Zurich, Warsaw, Mumbai and Singapore.
As a member of the MRM team, the candidate will get exposure to modelling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team’s broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management. Opportunities to present results to business partners as well as peers are numerous, allowing the candidate to widen and develop their network and reputation.
We are a department that values Diversity and Inclusion (D&I;) and are committed to realizing the firm’s D&I; ambition which is an integral part of our global Conduct and Ethics Standards.
Use business insights, as well as mathematical skills to evaluate financial models.
Lead and manage independent validation reviews across a range of capital planning models, meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review such as choice of modelling approach, the underlying assumptions and associated limitations, performance and efficient use of the model.
Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.
Demonstrate independence in planning and business partner engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.
Be expected to communicate various aspects of model validation to modelers, managements and regulators.
You have an understanding of the value of diversity in the workplace and are dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work. This should be further elaborated on in your application.
3 to 4 years of experience in modeling or model validation in established financial institutions.
Candidates for the role in the MRM team are required to hold a first degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD.
Proficiency in financial modelling and/or model validation. Hands-on experience of statistical or econometric modeling is critical.
Client focus and outstanding written and verbal communication skills to handle senior business associates, including explaining complex topics to a diverse range of audiences.
You are ambitious, dedicated, hardworking who can work on own initiative whilst also working collaboratively and deliver on time with a high level of integrity, sense of urgency, attention to detail and quality standards
Experience of leading teams, ideally in the context of model validation and/or financial modeling.
Ambitious, task focused, can structure and present work and a consistent record of delivering high quality results to strict deadlines
Good knowledge including programming experience of software applications such as R, Matlab, SQL and SAS.
Preferably experience in data management and analysis or in Front Office IT.
Broader experience in risk and capital models would be an asset.
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.
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