Model Risk Specialist

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:Group TreasuryCredit risk regulatory capital and provisioning modelsInsuranceAdvanced AnalyticsResponsibilities: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 appropriatenessApply 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.
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