Head of Model Validation, Model Risk Management

Vor 5 Tagen

Munich, Deutschland State Street Vollzeit

Who we are looking for

State Street’s Global Model Risk Management (MRM) is seeking a Senior Validation Leader who will lead a Model Validation Team at State Street International Bank (SSBI) to provide the model validation and risk management oversight for SSBI and support the management and operation of the Model Validation Group globally. The Senior Validation Leader must promote risk excellence culture and understand how the execution of Model Risk Management contributes critically to this key initiative, and have the ability to influence across business line or reporting relationships to obtain the broad consensus required for the success of important MRM initiatives. In addition, the Senior Validation Leader must be capable of establishing the requisite stature, expertise, and overall credibility to successfully manage the validation team of high intellects. This role will report to the Chief Risk Officer of SSBI and the Global Head of Model Validation.

What you will be responsible for

As a Senior Validation Leader, you will
- Build and manage a team of 4-5 quantitative analysts to perform independent validations of the SSBI models in compliance with applicable local law and regulation, the Global Model Risk Management Policy, local portfolio specificity and use
- Form a strong rapport with SSBI business leaders and risk managers to raise the awareness of MRM’s functions and key initiatives within SSBI
- Provide support for SSBI in meeting the regulatory expectations by providing an effective and robust challenge for the SSBI models serving a regulatory purpose
- Serve as the primary point of contact for important model validations and other MRM initiatives and represent Model Validation Group (MVG) at in high-level meetings, such as meetings with the Model Risk Committee, Corporate Audit, the European Central Bank (ECB) and other regulatory agencies
- Recruit, train, and mentor the MVG staff, while fostering an environment of open challenge and debate
- Manage co-sourcing resources, integrate consulting resources into the MVG teams, as well as manage the budgets for these consulting engagements

What we value

These skills will help you succeed in this role
- Deep understanding of regulatory requirements on the Internal Capital Adequacy Assessment Process (ICAAP) and ECB/EBA Stress Testing Framework
- Past experience in communicating with regulators (e.g. ECB, Deutsche Bundesbank)
- Model development/validation experience in the areas of credit risk, liquidity risk, stress testing, etc.
- Working knowledge of financial markets and products
- Strong written/ verbal communication skills and leadership/management skills
- Ability to break down silo and work across multiple business lines and locations
- Good project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Education & Preferred Qualifications
- MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field; 5+ years of model validation or relevant experience in a financial services firm
- Excellent quantitative modeling, analytical, research, and programming skills (e.g., MATLAB, R, Python, SAS, Stata, SQL)
- Deep knowledge of theoretical and empirical finance across a broad range of products and asset classes

  • Product Manager, Network Model Management

    vor 1 Woche

    Munich, Bayern, Deutschland IPS Intelligent Process Solutions Vollzeit

    Product Manager, Network Model ManagementLocation:MunichDepartment:Product ManagementReports To:Chief Product OfficerIPS (Intelligent Process Solutions)is a global software provider serving the energy and utility sectors with advanced solutions for asset management, grid operations, and protection systems.With a strong international customer base and an...

  • Data-Centric Research on Foundation Models

    vor 1 Woche

    Munich, Deutschland Technical University of Munich Vollzeit

    PhD Position: Data-Centric Research on Foundation Models 12.01., Wissenschaftliches Personal The Professorship of Machine Learning at the Department of Computer Engineering at TUM has an open position for a doctoral researcher (TV-L E13 %; initial contract 1.5–2 years, total 3–4 years) on data-centric research for foundation models. This project...

  • Atmospheric / Climate Risk Expert (m/f/d)

    vor 2 Wochen

    Munich, Deutschland Allianz SE Vollzeit

    Atmospheric / Climate Risk Expert (m/f/d) Job purpose / role Reinsurance is positioned at the core of the Allianz Group. At Allianz Reinsurance, we provide customized reinsurance solutions by combining technical expertise with deep local market knowledge. Building on our core strengths, we continuously expand our offerings, including advancements in...

  • CAS Modeler

    Vor 4 Tagen

    Munich, Bayern, Deutschland Technicon Design Vollzeit

    Technicon is seeking a highly skilled and detail-orientedCAS Modeler (m/f/d)to support the digital modelling team of a leading global automotive OEM in Munich. In this role, you will work closely with designers and engineers to translate creative concepts into high-quality digital surfaces for advanced design and production development.*Your...

  • Atmospheric / Climate Risk Expert (m/f/d)

    vor 2 Wochen

    Munich, Bayern, Deutschland Allianz Reinsurance Vollzeit

    Job Purpose / RoleReinsurance is positioned at the core of the Allianz Group. At Allianz Reinsurance, we provide customized reinsurance solutions by combining technical expertise with deep local market knowledge. Building on our core strengths, we continuously expand our offerings, including advancements in portfolio analytics, catastrophe risk visualization...

  • Atmospheric / Climate Risk Expert (m/f/d)

    vor 2 Wochen

    Munich, Bayern, Deutschland Allianz Vollzeit

    Job Purpose / RoleReinsurance is positioned at the core of the Allianz Group. At Allianz Reinsurance, we provide customized reinsurance solutions by combining technical expertise with deep local market knowledge. Building on our core strengths, we continuously expand our offerings, including advancements in portfolio analytics, catastrophe risk visualization...

  • Studienarbeiten - Generative Modeling with Discrete Diffusion and Iterative Refinement Models

    Vor 3 Tagen

    Munich, Deutschland Technical University of Munich Vollzeit

    Studienarbeiten - Generative Modeling with Discrete Diffusion and Iterative Refinement Models 09.12., Studentische Hilfskräfte, Praktikantenstellen, Studienarbeiten Our group offers multiple Master’s thesis topics in modern generative modeling, focusing on discrete diffusion processes, discrete latent variable models, and iterative refinement methods....

  • Data Modeler

    vor 1 Woche

    Munich, Deutschland CosMic IT Vollzeit

    Full Time - Munich, Germany - Posted 5 months ago - Applications have closed - Work Visa Required - CosMicIT **CosMic IT** - Find Your Dream Job Here_ Greetings Everyone! - We at #CosMicIT GmbH are looking for #Data Modeler (Redshift) - Location: Munich, Germany - Language: English - Job Description: - 7+ years of experience in developing and documenting...

  • Junior Management Assistant to Head of Global

    vor 2 Wochen

    Munich, Deutschland Allianz Global Corporate & Specialty Vollzeit

    **Let’s care for tomorrow.** **Your ambitions. Your dreams. Your tomorrow.** At Allianz Global Corporate and Specialty SE (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz...

  • Evp, Head of Enterprise Risk Management

    vor 1 Woche

    Munich, Deutschland Sportradar Vollzeit

    Company Description We’re the world’s leading sports technology company, at the intersection between sports, media, and betting. More than 1,700 sports federations, media outlets, betting operators, and consumer platforms across 120 countries rely on our know-how and technology to boost their business. **Job Description**: Sportradar is the leading...