Role details

Senior Manager - Financial Modeling (m/f)

Kraków   •  Permanent

Bullet points

  • Risk Management / Quantitative analysis / Financial Modelling
  • Global Bank / Multinational Exposure / Team Managment

About Our Client

Our client is a major multinational financial institution with global operations. As a result of growth of their offices in Poland, which provide a wide range of support services for the company all over the world, we are looking for an experienced candidate for the position of Senior Manager - Financial Modeling. The selected candidate will lead the process of building a team to conduct risk and financial model creation and validation activities.

The Poland team will cover the models used by the company to make business and operating decisions, most notably regulatory and economic capital models, as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including wholesale credit risk, market risk including counter-party credit risk, Asset Liability Management risk, and terms structure model, and operational risk.

Job Description

  • Build a team in Poland with approximately 10 - 20 members in 2016/2017 under the supervision of the head of model validation, and support the US validation team to conduct model validation activities
  • Lead the Poland team to ensure model risks are correctly identified, assessed, and captured
  • Assess model theory and model assumptions as well as consider model methods and potential options
  • Test and confirm model results by using documented procedures for running the model(s)
  • Review code documentation for proper model implementation, including the possible simulation of results
  • Work with data validation members and information technology professionals to determine model data integrity
  • Perform model validation processes and perform independent model validation of significant models
  • Assess the stability and robustness of models by conducting back-testing, sensitivity testing, and stress testing
  • Make recommendations and suggest improvements related to the applicability of the different models assessed in meeting their objectives
  • Ensure compliance with the regulatory (SR11-7) and company quality requirements for model risk
  • Deliver the validation findings via management presentations and regular reports
  • Communicate with on site validators, model developers and business to relay the issues and feedback and capture the action plans
  • Ensure quality checks and controls including standardization of assessments and dissemination of feedback across team members

The Successful Applicant

  • Experience in independent model validation of risk/financial models in banking industry
  • University degree - PhD in related disciplines or Master degree with extensive business knowledge and strong technical skills (e.g. Statistics, Econometrics, Mathematics, Computer Science or Engineering)
  • Proven experience in team management
  • Minimum 8 years of experience in model development or independent model validation in risk management or risk management experience in banking/finance industry
  • Strong knowledge of financial markets and products
  • Strong communication skills (verbal and written in English)
  • Ability to communicate project plans/status in a clear, precise and timely manner
  • Ability to execute on competing priorities in a timely manner

What's on Offer

Attractive salary and benefits package

Apply for this job

Click the Apply or LinkedIn button below or contact Pawel Michniewski quoting job reference 21970
As you are using an Apple iOS device we are unable to offer you the CV upload function. Please apply with your Linkedin profile below or contact Pawel Michniewski quoting job reference 21970