Model Risk Quant - Credit and Market Risk

  • Location: Hicksville, NY, USA
  • Salary: $130,000-$150,000
  • Job Type: Full time

A tier one investment bank is seeking a candidate with diverse risk modeling experience to join their model development team. This team focuses on the development of risk models across credit risk and market risk.

An ideal candidate will have model development experience with various risk models and stress testing experience (CCAR/DFAST). A strong technical skillset as well as a passion for model development is required for this role.

Responsibilities:

-Develop credit risk and market risk models; play a role in determining new and innovative methods for model development

-Determine strategies for the use of different models across various lines of business

-Develop models as related to CCAR/DFAST stress tests

-Liaise with senior management to determine best practice functions for model development division within the bank

Qualifications:

-5 to 7 years of relevant experience

-Bachelors/Masters degree in economics, statistics, mathematics, or business; PhD preferred

-Able to communicate effectively both verbally and through writing

-Great work ethic and ability to work independently

-Knowledge of programming languages and statistical tools such as SAS, R, Java, MATLAB, Python, C/C++

If interested, please apply below.