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MODEL RISK MANAGER

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Qualogy

Sep 18

  • Job
    Full-time
    Mid & Senior Level
  • IT & Cybersecurity
    Banking & Finance
  • Amsterdam

AI generated summary

  • You must have an MSc in a quantitative field, strong analytical skills, stakeholder management experience, 3-8 years in model risk, and excellent English communication skills.
  • You will oversee model risk management, challenge stakeholders, monitor risks, maintain model inventory, ensure regulatory compliance, and support portfolio strategy discussions.

Requirements

  • - Have an academic degree (MSc) in Finance, Econometrics, Mathematics, Physics, Economics or another quantitative/numerical field.
  • - Have strong analytical and problem-solving skills.
  • - Have strong stakeholder management skills, including experience managing communication and influencing senior stakeholders. Good listener and interviewer, receptive to the feedback from the stakeholders.
  • - Are persuasive and able to explain policy requirements and their applications in a simple language to senior stakeholders.
  • - At least 3-8 years of experience working in the financial industry in model related topics, either on a specific model domain within financial and non-financial risk management or, experience in general model risk management topics. Good understanding of the regulatory requirements of the bank, EBA guidelines, and MoRM framework principles and regulations (SR 11-7, PRA, etc.) is a plus.
  • - Excellent English verbal and writing skills.

Responsibilities

  • - Lead the rollout of our clients MoRM Framework on the model domain of focus and under your oversight, with the opportunity to learn about other portfolios as a way to grow knowledge and experience on portfolio management.
  • - As a model risk manager, challenge model stakeholders about the sources of model risk and how to mitigate and manage them, including facilitating and challenging the model risk assessment of the models.
  • - Establish a relationship with model stakeholders and challenge and advise them throughout the model life cycle, overseeing on the execution of controls.
  • - Conduct model risk monitoring and report to the senior management in case of gaps.
  • - Bring expert knowledge on your portfolio of models mainly by providing a model portfolio perspective, to support model strategy discussions and representing the department in the relevant model committees.
  • - Support model risk community in terms of MoRM Framework cascading, model inventory maintenance and/or adherence to relevant MoRM policies and procedures.
  • - Follow current and new regulatory requirements and best practices in model risk management.
  • - Contribute to the organization’s efforts in responding and reporting to regulatory bodies.

FAQs

What is the primary role of a Model Risk Manager at Qualogy?

The primary role of a Model Risk Manager at Qualogy is to lead the rollout of the client's Model Risk Management (MoRM) Framework, challenge model stakeholders regarding sources of model risk, conduct model risk monitoring, and provide expert knowledge on the model portfolio to support strategic discussions.

What qualifications are required for this position?

Candidates are required to have an academic degree (MSc) in Finance, Econometrics, Mathematics, Physics, Economics, or another quantitative/numerical field, along with 3 to 8 years of experience in model-related topics within the financial industry.

What skills are essential for a Model Risk Manager?

Essential skills include strong analytical and problem-solving abilities, stakeholder management, effective communication with senior stakeholders, and proficiency in English verbal and writing skills.

Is prior experience in the financial industry necessary?

Yes, candidates should have at least 3 to 8 years of experience working in the financial industry focused on model-related topics or general model risk management.

How does the application process work?

The application process involves responding to the job posting, an initial response within three working days, a meeting with the account manager, a meeting at the client location, and finally, starting the job if both parties are satisfied with the match.

Are there opportunities for professional development?

Yes, Qualogy offers an educational budget of €1500 to €2500 upon joining, supporting professional development and continuous learning.

What reporting responsibilities does a Model Risk Manager have?

A Model Risk Manager is responsible for conducting model risk monitoring and reporting any gaps to senior management.

What is the work environment like at Qualogy?

The work environment is dynamic and inspiring, with opportunities to work on interim IT assignments and collaborate with diverse stakeholders in the financial sector.

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Qualogy

Quality in Information Technology

Technology
Industry
201-500
Employees
1998
Founded Year

Mission & Purpose

Complexe IT-vraagstukken met lef en creativiteit oplossen. Toekomstbestendig, innovatief en op maat. Waarbij het niet alleen draait om de technologie, maar vooral om de mensen die het samen doen. Dat is precies hoe we bij Qualogy werken en denken. We hebben diepgaande kennis van onder meer Oracle en Java. En we zijn helemaal thuis in de nieuwste software oplossingen. Door bestaande technologie te combineren met nieuwe, zorgen we dat onze klanten altijd voorop lopen in de IT. Onze toegevoegde waarde zit hem daarnaast met name in onze kenmerkende cultuur en sfeer. In de manier waarop we met onze consultants én klanten dingen voor elkaar krijgen. In een mooie samenwerking en vanuit een persoonlijke klik. De perfecte match tussen onze specialisten en de opdrachtgever, daar gaan en staan wij voor. Zo maken we de klant én onze consultants blij. Consultancy, beheer en projecten. Dit zijn de drie pijlers van onze brede dienstverlening. Met daarnaast een tak waar we op eigen initiatief en door hierin zelf te investeren oplossingen en producten ontwikkelen voor de IT-markt. Productontwikkeling waarbij we nieuwe technologie toepassen. De innovatieve kennis en ervaring die we hier opdoen gebruiken we weer in de andere diensten voor onze klanten. Zo blijven we vooroplopen binnen de informatietechnologie.