Identify, analyze, explain any overagesPartner with internal groups including Capital, Risk, Technology, Model Risk Management and Market Risk Management on model enhancement, performance testing and documentation to remediate internal and external requirementsConduct analysis and verification on market data, risk metrics and P&L time seriesPrepare developmental evidence and document to support internal and external examsPerform in-depth analysis on the bank's risk model results using various quantitative tools such as back testing, bench-marking and sensitivity analysisIdentify common themes across global markets along with improvement initiativesCommunicate the results of this analysis to all model stakeholders including risk management, model development, model risk, senior management and our regulatorsSupport model development in confirming remediation of model issues prior to their being taken liveRequired QualificationsPhD (preferred) or Master's degree in quantitative fields such as financial engineering, mathematics, statistics, physics, computer science, or equivalentSolid 5+ years of work experience in developing FO pricing models or market risk modelsAdvanced programming skills in Python with 5+ years of experienceSolid understanding of derivatives pricing especially the IR option pricing modelsIn depth understanding of Value at Risk and statistical estimation methodsStrong communication (both written and verbal) and collaboration skills (this project involves communicating with various groups within the firm) Effective thinking skill to be able to independently and proactively identify/suggest/resolve issues Desired Skills and ExperienceWork experience in IBOR/SOFR/ESTER/FRTBSkills:Business AcumenCritical ThinkingProject ManagementRegulatory RelationsTalent DevelopmentPolicies, Procedures, and Guidelines ManagementRisk ManagementStakeholder ManagementStrategic ThinkingTechnical DocumentationDrives EngagementInclusive LeadershipRisk AnalyticsRisk ModelingWritten CommunicationsShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Responsibilities:Directs a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory examsSets quantitative work priorities in line with the bank's overall strategy and prioritizationIdentifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation, while providing oversight to managers on reviewsMaintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteLeads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesCoordinates team projects, while managing and providing guidance to senior level staff on areas of expertiseManagerial Responsibilities:This position may also have responsibilities for managing associates.