Our client, a reputable Investment Bank, is currently seeking a highly skilled and experienced VP Model Risk Audit to join the team. The successful candidate will play a key role in advancing the credit risk modeling capabilities, employing their expertise in model risk audit, statistical analytics, and proficiency in Python programming.
Key Responsibilities:
- Lead and contribute to the development of model risk audit activities.
- Collaborate with cross-functional teams to enhance existing models and develop new models to assess and manage audit effectiveness.
- Conduct in-depth statistical analyses and provide insights into risk factors, trends, and potential areas of improvement.
- Utilize programming skills in Python to develop, implement, test, and maintain model conceptual soundness, ensuring accuracy and efficiency.
- Stay abreast of industry trends, regulations, and best practices in quantitative analytics and credit risk modeling.
Qualifications:
- Masters or Bachelors in Statistics or Finance preferred
- 5-7+ years of proven experience of end-to-end model risk audit experience
- Experience with model risk management and audit effectiveness
- Technical proficiency in Python or R is preferred
- Excellent communication skills with the ability to convey complex quantitative concepts to non-technical stakeholders.
Location: New York
Compensation: $145,000-175,000 base + bonus
This role is unable to support H1B sponsors.