Credit Suisse

Receive alerts when this company posts new jobs.

Similar Jobs

Job Details

Model Validation - Model Risk Management # 134816

at Credit Suisse

Posted: 6/25/2019
Job Status: Full Time
Job Reference #: 134816
Keywords:

Job Description

The Risk division is a highly visible, dynamic area of the firm where you can be an integral part of decisions making that supports the bank's business. Our responsibilities range from enterprise risk management to risk and finance reporting and regional risk teams covering the risk management for our entities.


The Risk division's long-term success depends on our ability to achieve our vision and fulfill our mandate. Ultimately, this depends on the skills, experience and engagement of our employees. We offer a collaborative and ambitious environment that offers direct contact with senior management and encourages leadership at all levels.


The Model Risk Management (MRM) team has a mandate to validate the Bank's business-impactful models firm-wide and more generally to identify, measure, and handle model risk across Credit Suisse. The team is established in London, Zurich, Mumbai, Singapore, New York, Warsaw and now Raleigh.


As an entry level member of the MRM validation team you will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management.


Role Description:

  • You will review, verify and validate risk models for theoretical soundness.

  • You will test model design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.

  • You will be expected to demonstrate independence in testing.


Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.



Qualifications

Qualifications:

  • You hold a bachelor's degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, and Finance/Economics. Masters or PhD preferred.

  • You have knowledge in financial modeling and model validation and can demonstrate proven understanding of capital modeling, financial and derivative products and mathematics.

  • You are able to communicate effectively with business partners and to present complex topics to a diverse range of audiences.

  • You have analytical and computational skills in addition to a deep understanding of qualitative methodologies.

  • You bring strong presentation and collaboration skills with the ability to work within a global team.

Desirable:

  • Programming experience of software applications such as R, Matlab, SQL and SAS.