Model Risk Specialist

Minimum Requirements:

• Have completed a bachelors degree (Honours preferrable) in one of the following disciplines: Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar.
• Have up to 3 years of financial modelling, risk modelling and/or model validation experience within a banking context.
• Proficiency in programming languages that can include SAS, SQL, Excel, Python and R.

Experience with the following model types/usage advantageous:

• Scorecard models
• Financial Crime
• Group Treasury
• Credit risk regulatory capital and provisioning models
• Pricing
• Insurance
• Advanced Analytics

Responsibilities:

• Perform tasks that include model independent validation, reporting, presenting at governance committees, shaping of frameworks, researching methodologies, etc, that contribute to the management of model risk.
• Review and/or reperform model building process.
• Document and communicate independent validation findings, corrective actions and advise on model appropriateness
• Apply risk proportionate approach to different model validations.
• Assess the adequacy and/or best practice in strategy, frameworks, policies and business process alignment to modelling practice.
• Present to designated validations committee independent validation outcomes and corrective actions.
• Communicate effectively and maintain a good relationship with key stakeholders.
• Optimise processes through continuous updates to frameworks and governance design.