Risk Management - Quant Model Risk Vice-President
On-site · Jersey City, New Jersey, United States
Job Summary
Risk Management - Quant Model Risk Vice-President leads thorough reviews of complex credit risk, finance and investment management models in wealth management, evaluating model behavior, designing performance metrics, and guiding governance and model implementations. Responsibilities include assessing model soundness and limitations, developing alternative benchmarks, maintaining metrics for comparison, ensuring regulatory/compliance alignment, and partnering with model developers, Risk, and finance teams to support governance, validation, and model-change activities. Required qualifications include an advanced quantitative degree, strong statistical and numerical analysis capabilities, 7+ years in model development/validation (including mortgage models), proficiency in R/Python/SAS, and effective communication; preferred qualifications note AI/ML model experience.
Required Qualifications
- Advanced degree (MSc, PhD, or equivalent) in a quantitative discipline such as mathematics, statistics, financial engineering, or related field.
- Advanced knowledge of probability theory, stochastic processes, statistics, and numerical analysis; ability to apply these concepts to financial modeling and risk assessment.
- Minimum of 7 years of relevant experience in model development or model validation, and at least 3 years in development/validation of mortgage models.
- Strong analytical and problem-solving skills; ability to formulate insightful questions, identify model limitations, and escalate issues appropriately.
- Excellent written and verbal communication skills; ability to explain complex quantitative concepts to technical and non-technical stakeholders.
- Proficient programming skills in R, Python, SAS or similar; experience implementing numerical algorithms and developing model prototypes.
- Demonstrated curiosity and ownership; ability to work collaboratively within a team-oriented environment.
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