Senior Model Risk Analyst

A Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional teams to ensure models remain robust, well-documented, and updated as needed. Job Purpose: Recertification & Review: Perform full recertification or affirmation of model parameters and performance based on inventory and review schedules. Identify Model Risks: Assess model risks during certification reviews. Materiality Assessments: Design and implement materiality assessments and monitoring for limitations with the Quant Risk team. Understand Operational Constraints: Analyze and incorporate physical operational constraints into model representations when necessary. Performance Review: Conduct performance reviews, including convergence tests and other performance evaluations defined in the model. Documentation & Version Control: Ensure models are properly documented, version-controlled, and validated for a clear audit trail. Job Experience & Skills Required: Bachelors Degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering. A minimum of 3-7 years of experience in model risk management, validation, and control, with in-depth knowledge of regulatory frameworks (e.g., IFRS, PRA) and experience using risk modeling tools (e.g., Python) and model validation methodologies. If you are interested in this opportunity, please apply directly. For more finance jobs, please visit Send your CV to momolefenetworkfinance.co.za www.networkrecruitmentinternational.com If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.

Location: Johannesburg, ZA

Posted Date: 11/8/2024