Opportunity

We are looking for an experienced quant familiar with model development, model risk controls and model infrastructure to join our team in [i.e. London]. The QR Model Risk Methodologies group is responsible for coordination across asset class-aligned QR groups on all model risk matters, including centralized model risk management, establishing consistent standards and practices, and building out common analytics and toolsets. Part of the QR Central Solutions team within the wider QR organization, the group also has a significant outward facing role in its partnership with control functions such as Model Governance, Model Review, Market Risk, Valuation Control, as well as with Technology and Front Office.

In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.

We make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental and physical health needs or particular family considerations.

If you are passionate, curious and ready to make an impact, we are looking for you.

Your Impact

You’ll contribute to the firm’s product innovation, effective risk management, financial risk controls. Specially, you’ll have the chance to:

• Work closely with asset class-aligned QR groups, and with Model Governance and Model Review, to refine and implement consistent model risk policies and procedures;
• Drive initiatives for increased automation and digitization across the model space, including inventories of models, products, limitations, restrictions;
• Define requirements for Morpheus, the strategic model risk management platform, and liaise with the development team;
• Define frameworks for product taxonomy, model change control, model versioning, enforcement of model scope, ongoing performance monitoring;
• Establish standardized frameworks for performance testing of models, e.g. regression testing, numerical convergence;
• Maintain documentation templates, with a strategic focus on automation and digitization;
• Represent QR centrally in external/regulatory requests and exams, including stress testing exercises such as CCAR/ICAAP;
• Participate in initiatives to develop common model risk metrics, monitoring, and quantification methodologies;
• Coordinate on emerging industry trends such as LIBOR reform.

About You

• You are familiar with model risk/validation/governance/control practices;
• You demonstrate strong knowledge of financial mathematics and modeling;
• You are familiar with front office risk management platforms and infrastructure;
• You demonstrate proficiency in code design and programming skills, with primary focus on Python or C++;
• You quickly grasp business concepts outside immediate area of expertise and adapt to rapidly changing business needs;
• You think strategically and creatively when faced with problems and opportunities. You always look for new ways of doing things;
• You demonstrate good judgment – decision-making is your strength;
• Your excellent communication skills, both verbal and written, can engage and influence partners and stakeholders; You are good at communicating concepts and ideas, also via documentation, and you are keen to defend their validity and tailor messages to different audiences.

Beyond that, we’re interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team.