Senior Specialist Model Development
Wroclaw Senior Specialist Model Development
Wroclaw
NR REF.: 1135429
Your new company
Global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. A leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.
Your new role
This position involves a wide range of responsibilities, including but not limited to: developing new models and code related to counterparty and/or market risk, debugging and backtesting models, maintaining existing code, validating existing models, documenting models and procedures, writing code to benchmark pricing, performing analysis to support CCAR/DFAST submissions, generating new regulatory risk reports, running third-party software to support business-as-usual requests, and supporting traders and other areas of risk by performing ad-hoc analyses and answering questions.
The Senior Specialist (Financial Modeling Analyst) will contribute to highly visible enterprise-wide modeling programs, dedicated to a specific area of the business. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis.The role will be to execute corporate-wide standards for model development.
Responsibilities:
• The incumbent will work in Counterparty Risk Modeling and Analytics and will also be involved with Market Risk Modeling and Pricing.
• The incumbent will be responsible for identifying problems that can be solved by the application of financial theory and building models which improve the firm's operations.
• Execute corporate-wide standards for model development by creating options for theoretical frameworks, collecting data needed, supporting assumptions, and reviewing outcomes.
• Work will align to the development scope established by more senior colleagues. Support the validation of models.
• The incumbent is expected to provide testing and analysis at the request of Model Risk Management. Support the use of models.
• The incumbent is expected to execute models in accordance with approval conditions and communicate results to management.
• The incumbent will be responsible for performance monitoring of models, identifying possible deterioration by comparing outcomes to established thresholds.
• No formal supervisory responsibility.
• Primarily responsible for the accuracy and quality of own work.
What you'll need to succeed
Master's Degree/PhD in a quantitative discipline, including mathematics, physics, quantitative finance, computer science, statistics, engineering, or economics.
• The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.
• 2-5 years of experience.
• Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as Object-Oriented Python, C/C++, C#, R, MATLAB, Java, VBA, SQL) as well as mathematical/statistical software packages.
• Must be extremely focused, detail oriented, results oriented and highly productive.
• Must have a proven track record of being able to efficiently and effectively conduct independent research, analyze problems, formulate and implement solutions, and produce quality results on time.
• The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.
What you'll get in return
Full time contract of employment
• Competitive salary
• Health & Life Insurance
• Multisport card / Cinema Tickets / Nursery subsidiary
• Pension scheme
• Excellent opportunities for training, growth and professional development
• Opportunities to engage in diverse projects due to growth of business migrations
• A multitude of opportunities to get involved in additional charity projects
• A collaborative culture and great teams
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.
Wroclaw
NR REF.: 1135429
Your new company
Global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. A leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.
Your new role
This position involves a wide range of responsibilities, including but not limited to: developing new models and code related to counterparty and/or market risk, debugging and backtesting models, maintaining existing code, validating existing models, documenting models and procedures, writing code to benchmark pricing, performing analysis to support CCAR/DFAST submissions, generating new regulatory risk reports, running third-party software to support business-as-usual requests, and supporting traders and other areas of risk by performing ad-hoc analyses and answering questions.
The Senior Specialist (Financial Modeling Analyst) will contribute to highly visible enterprise-wide modeling programs, dedicated to a specific area of the business. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis.The role will be to execute corporate-wide standards for model development.
Responsibilities:
• The incumbent will work in Counterparty Risk Modeling and Analytics and will also be involved with Market Risk Modeling and Pricing.
• The incumbent will be responsible for identifying problems that can be solved by the application of financial theory and building models which improve the firm's operations.
• Execute corporate-wide standards for model development by creating options for theoretical frameworks, collecting data needed, supporting assumptions, and reviewing outcomes.
• Work will align to the development scope established by more senior colleagues. Support the validation of models.
• The incumbent is expected to provide testing and analysis at the request of Model Risk Management. Support the use of models.
• The incumbent is expected to execute models in accordance with approval conditions and communicate results to management.
• The incumbent will be responsible for performance monitoring of models, identifying possible deterioration by comparing outcomes to established thresholds.
• No formal supervisory responsibility.
• Primarily responsible for the accuracy and quality of own work.
What you'll need to succeed
Master's Degree/PhD in a quantitative discipline, including mathematics, physics, quantitative finance, computer science, statistics, engineering, or economics.
• The candidate must have a superb quantitative and analytical background with a solid theoretical foundation coupled with strong programming, documentation and communications skills.
• 2-5 years of experience.
• Must have experience with complex quantitative modeling, numerical analysis, and computational methods using programming languages (such as Object-Oriented Python, C/C++, C#, R, MATLAB, Java, VBA, SQL) as well as mathematical/statistical software packages.
• Must be extremely focused, detail oriented, results oriented and highly productive.
• Must have a proven track record of being able to efficiently and effectively conduct independent research, analyze problems, formulate and implement solutions, and produce quality results on time.
• The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.
What you'll get in return
Full time contract of employment
• Competitive salary
• Health & Life Insurance
• Multisport card / Cinema Tickets / Nursery subsidiary
• Pension scheme
• Excellent opportunities for training, growth and professional development
• Opportunities to engage in diverse projects due to growth of business migrations
• A multitude of opportunities to get involved in additional charity projects
• A collaborative culture and great teams
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.
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