Quant Manager
Lewis James Professional is a woman-owned staff augmentation, project consulting and direct hire search and placement firm. We are currently seeking a Quant Manager for a direct hire opportunity with a financial services client.
Responsibilities:
- Lead the execution of technical model validation reviews.
- Perform full or targeted scope validation assessments.
- Review validations to ensure TAS concurs with the conclusions made by the Model Risk Management Team (MRM) within the bank.
- Assess methodology, implementation, and the fit for use status of models.
- Review various other components of models given the model’s expected use and the scope of the Audit project.
- Coordinate with the more experienced Model Quantitative Auditors, maintain relationships with Model Risk Management, Model Development, and Model Owners throughout the first and second lines of defense.
- Coordinate with the more experienced Model Quantitative Auditors
- Contribute to improving the banks model risk management
- Recommend improvements to model risk management systems and processes.
- Be knowledgeable of the organization, operations, policies, and procedures related to the use and management of models.
- Provide feedback to management on the implementation of new model systems and related processes, and changes to existing model systems, standards, and procedures.
- Develop and maintain specialization and expertise in complex modeling concepts as well as develop knowledge of auditing concepts and risk management practices, and pursue continuing education and possible additional professional certifications, as appropriate.
- Collaborate with various audit delivery teams and provide subject matter expertise for models used by the related lines of business.
- Maintain the requisite knowledge and experience to assist audit delivery teams with evaluating the bank’s adherence to SR 11-7 regulatory guidance on model risk governance and oversight for various model types.
- Provide leadership and train/coach/mentor junior team members to enhance achievement of goals and objectives.
Qualifications:
- Master’s in mathematics, Statistics, Data Science, Engineering, Computer Science or formal post undergraduate certification with a focus on Quantitative or Financial Analytics.
- 6+ years of technical model experience, which could include working on a model validation team, model development team or Audit equivalent technical review team.
- Demonstrated proficiency with one or more financial modeling methodologies. This includes knowledge of statistical and algorithmic methods applied in financial modeling.
- The ability to work independently without supervision.
- Strong knowledge of programming languages such as R, Python, or C++.
- Strong knowledge of one or more database management tools such as SAS and/or SQL.
- Strong analytical, facilitation, interpersonal and decision-making skills.
- Strong written, oral, and negotiating skills, including the ability to present findings and articulate and defend conclusions to senior Audit and/or line of business management.
- Strong proficiency in standard software applications such as MS Office.
Preferred Qualifications
- Ph. D in Mathematics, Statistics, Data Science, Engineering, Computer Science or other relevant degree
- Technical model experience with a large bank
- General auditing skills
- Broad understanding of finance and accounting concepts and the banking and financial services industry
- Prior experience with technical model reviews, knowledge of one or more financial modeling methodologies which includes knowledge of statistical and algorithmic methods applied in financial modeling, proficient knowledge of programming languages such as R, Python, or C++, and strong knowledge of database management tools such as SAS and or SQL
For immediate consideration, please click “Apply” and use Job Code BHJOB11837_4067. You may also send a copy of your resume to: resumes@lewisjamesprofessional.com and enter only the following job code in the subject line: BHJOB11837_4067. Lewis James Professional is an Equal Opportunity Employer. M/F/D/V
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