Risk and Compliance Associate - Model Risk

As a member of the team, you will support the Model Risk Management team in overseeing the validation and governance of quantitative models used across the firm. Your responsibilities will include assisting in the review of model documentation, conducting model validation activities, and participating in governance meetings. Key responsibilities: - Assisting in the review of model documentation, including model methodologies, assumptions, and limitations. - Participating in model validation activities, including data analysis, testing, and documentation. - Supporting the development and implementation of model risk management policies and procedures. - Maintaining accurate records and documentation of model risk management activities. - Collaborating with model developers and users to ensure effective model risk management. - Preparing reports for senior management and regulatory bodies. Qualifications and Skills Required: - Bachelor's or Master's degree in a quantitative field (Mathematics, Statistics, Finance, Engineering). - 2-4 years of experience in model risk management. - Strong understanding of statistical modeling techniques. - Proficiency in programming languages such as Python or R. - Excellent analytical and communication skills. In addition to the above, the company offers a highly competitive compensation and benefits package, exceptional career growth opportunities, a mentorship program, robust training programs, and comprehensive health insurance and other benefits. A typical day in this role involves reviewing model documentation, analyzing model outputs, attending meetings with model developers, and writing reports.