Credit Risk Associate - Model Validation

What role you will play in team: You will join a team responsible for validating credit risk models to ensure accuracy and regulatory compliance. Your work will be crucial to maintaining the bank's financial stability.

What you will do: You will conduct independent model validation reviews, challenge existing models, and develop improved validation methodologies. You'll also communicate findings to stakeholders.

Key responsibility:

• Independently validate credit risk models used for pricing, provisioning and capital calculations.
• Review model development and implementation processes.
• Assess model performance and identify potential biases or weaknesses.
• Develop and implement improved validation methodologies.
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  Prepare comprehensive validation reports and communicate findings to stakeholders.
• Stay informed about industry best practices and regulatory requirements for model validation.

Required Qualification and Skills:

• Master's degree in Statistics, Mathematics, or a related quantitative field.
• 1-2 years of experience in model validation or a related field.
• Strong understanding of statistical methods and modeling techniques.
• Proficiency in statistical software (e.g., SAS, R).
• Excellent communication and presentation skills.
• Understanding of credit risk management principles.

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Benefits Included:

• Competitive salary and benefits package.
• Opportunities for career advancement and professional development.
• Exposure to cutting-edge model validation techniques.
• A challenging and intellectually stimulating work environment.
• Access to comprehensive training programs.

A Day in the Life: You will spend your day reviewing models, writing validation reports, and discussing your findings with model developers and senior management.