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Model Risk Management in New York, NY at Genesys Talent LLC

Date Posted: 3/22/2019

Job Snapshot

Job Description

Our partners at Modis are seeking a Model Risk Manager for a 12-month contract in New York, NY paying $74/hour.
Job Description:
  • Responsible for providing ongoing support and maintenance of controls around quantitative models within the clients Global Investments organization.
  • Support model owners in the development, documentation, updating, testing and ongoing performance monitoring of new and changed models.
  • Responsible for a broad spectrum of Nuveen models including, but not limited to, asset allocation, performance, tracking error, cash flows, structured products and investment valuations used to support investment decisions and management processes.
  • Demonstrate and document theoretical and conceptual dependability, implementation, and suitability for model use, model limitations, and use of expert judgment.  Review and confirm proper controls are incorporated in the process.
  • Support the Model Risk Management validation process. Work with model owners to resolve findings.
  • Work with model owners to ensure compliance with ongoing TIAA Enterprise Model Risk Management program requirements, including annual reviews and updated testing. If necessary, recommend the cessation of reliance on models that are proven to be inaccurate or outdated.
  • Interface with Enterprise Risk Management to deliver on Model Risk Management framework.
  • Develop process documentation and associated Standard Operating Procedures (SOPs) for the business.
  • Maintain model database.

Required Skills:
  • 10+ years of experience in asset management, banking, or other financial sectors.
  • Model development, implementation and/or validation covering diverse areas including structured products.
  • Graduate level knowledge of probability/statistics and models of financial theory and stochastic processes. 
  • Proficiency in C, (C++), Matlab, SAS, other.  Familiarity with financial services models, such as Barclay’s Point, Moody’s, INTEX, and others.  Also proficient in Excel and VBA.
  • Excellent communication skills (written and verbal), with the ability to present risk concepts in clearly understandable language.
  • Strong organizational skills and ability to effectively prioritize activities.
  • Solid leadership skills, with demonstrated ability to drive initiatives and influence stakeholders.
  • Collegial and collaborative approach; Partners effectively with Nuveen colleagues and Nuveen Risk to achieve business and program objectives.
  • Commitment to delivering value to the business.

Preferred Skills:
  • Model development, implementation and/or validation covering diverse areas including structured products.
  • Graduate level knowledge of probability/statistics and models of financial theory and stochastic processes. 
  • Proficiency in C, (C++), Matlab, SAS, other.  Familiarity with financial services models, such as Barclay’s Point, Moody’s, INTEX, and others.  Also proficient in Excel and VBA.
  •  Archer or similar governance, risk, and compliance (GRC) system experience.

Education:
  • Masters Degree in Financial Engineering or Mathematics required
  • PhD Financial Mathematics or a related field preferred