Head of Model Validation, Model Risk Management

vor 1 Woche

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

  • Geochemical Modeler

    vor 2 Wochen

    Munich, Deutschland Inplanet GmbH Vollzeit

    About InPlanetREMOTELanguage skills: Fluency in English, both written and oral, with excellent communication skillsWe are an impact-driven, remote-first, ClimateTech (CDR) startup headquartered in Germany and Brazil to reverse climate change and make tropical agriculture more regenerative, low-carbon, and sustainable. We are working with Enhanced Rock...

  • Head of Risk

    vor 3 Wochen

    Munich, Deutschland H&P Executive Search Vollzeit

    Head of Risk – Financial Institution (Munich) I am currently seeking a seasoned Head of Risk to lead and strengthen the Risk Management function in line with Solvency II, BaFin, and group-wide standards. This senior role offers exposure across the European business and group-level initiatives.Key Responsibilities:Oversee and enhance the risk framework,...

  • Head of Risk

    vor 3 Wochen

    Munich, Deutschland H&P Executive Search Vollzeit

    Head of Risk – Financial Institution (Munich) I am currently seeking a seasoned Head of Risk to lead and strengthen the Risk Management function in line with Solvency II, BaFin, and group-wide standards. This senior role offers exposure across the European business and group-level initiatives.Key Responsibilities:Oversee and enhance the risk framework,...

  • Head of Risk

    vor 2 Wochen

    Munich, Bayern, Deutschland H&P Executive Search Vollzeit 80.000 € - 120.000 € pro Jahr

    Head of Risk – Financial Institution (Munich)I am currently seeking a seasoned Head of Risk to lead and strengthen the Risk Management function in line with Solvency II, BaFin, and group-wide standards. This senior role offers exposure across the European business and group-level initiatives.Key Responsibilities:Oversee and enhance the risk framework,...

  • Cyber Risk Expert

    vor 1 Tag

    Munich, Deutschland cIQ Risk Quantification GmbH Vollzeit

    **Your mission**: - Support and consult cIQ partners in their cyber risk quantification projects with end-clients by peer reviews or interviews and workshops with end-clients - Supporting the definition, maintenance and enhancement of the risk assessment framework and parameters in the quantification models, and keeping it up to date - Support the growth of...

  • Parametric Modeler

    vor 4 Wochen

    Munich, Deutschland AVATR Global Design Center Vollzeit

    Parametric Modeler Who we are AVATR is about bringing people together, connecting ideas and cultures: we believe people from different backgrounds working together in a multidisciplinary atmosphere inspire each other to create a design composition that in the long run radiates its richness from the inside out. AVATR, inspired by ‘avatar’, aims to enable...

  • Head of Risk Controlling

    vor 1 Tag

    Munich, Deutschland Mandant von YiDa Business Vollzeit

    **Head of Risk Controlling (M/F/d)** Our client, for whom we are looking for a Head of Risk Controlling (full-time job) is the subsidiary in Frankfurt of a worldwide renowned financial insitution (Fortune Global 500 company). **Duties and responsibilities**: - Leading risk controlling team. - Overseeing and managing the identification, assessment,...

  • Data Modeler

    Vor 3 Tagen

    Munich, Deutschland CosMic IT Vollzeit

    Full Time - Munich, Germany - Posted 1 year 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...

  • Working Student in The Area of Model Based System

    vor 1 Woche

    Munich, Deutschland Freudenberg Group Vollzeit

    Empowering people, creating technology. **Responsibilities**:- You participate in the automation of model generation using GT-Play and Python- You acquire and document model parameters for the realization of automated model generation- Furthermore you support the documentation of workflows- You contribute to Graphical User Interface (GUI) programming with...

  • Data Information Model Developer

    vor 2 Wochen

    Munich, Bayern, Deutschland GSK Vollzeit 60.000 € - 120.000 € pro Jahr

    Site Name: GSK HQ, Amsterdam De Entree, Munich, Warsaw Rzymowskiego 53Posted Date: Oct Data Curation Information Model DeveloperThis role focuses on organizing and structuring scientific data to make it easy for R&D teams to find, use, and understand, with data governance and transparent ownership integrated into the process. We are seeking someone with...