Model Risk Auditor # 139502
- Recruiter
- Credit Suisse
- Location
- India, Pune
- Salary
- Competitive salary
- Posted
- 01 Nov 2019
- Closes
- 01 Dec 2019
- Ref
- 139502
- Job role
- Audit, Internal audit
- Contract type
- Permanent
- Hours
- Full time
Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations. Embodying entrepreneurial spirit, Credit Suisse delivers holistic financial solutions to our clients, including innovative products and specially tailored advice. Striving for quality and excellence in our work, we recognize and reward extraordinary performance among our employees, provide wide-ranging training and development opportunities, and benefit from a diverse range of perspectives to create value for our clients, shareholders and communities. We are Credit Suisse.
We Offer
This opportunity is for individuals with proven expertise in modeling of risk and valuation in financial services to join Model Risk Audit team within Internal Audit which is responsible for delivering independent assurance over model risks globally. The reach of the team extends to all functions of the bank (including risk management, pricing/valuation, capital, and other business decision-making models)
We are seeking for people who will be responsible for the performance of audit projects to review model development and validation processes.
You will be expected to perform audit procedures covering the end to end model development and validation process, including: review and testing of model design, implementation, application, validation and governance processes. You will be expected to build relationships with key business partners, and be up to date with emerging best practices and developments and perform continuous risk monitoring activities.
- You will review and assess the model development and independent model validation performed by CS based on review and testing of the development and validation processes and documentation
- You will investigate key aspects of each model under review, incl. model documentation, model selection, input data, theoretical construction, implementation (independent calculation) and model governance (inventory related models, issues, escalations, agreed actions, approvals/limitations and/or conditions of use) with reference to internal policies and regulatory requirements (e.g. FED SR11/7)
- Participation in working groups addressing modeling issues and the model control environment
- Reviewing findings with colleagues in different audit groups including business and subject matter experts
- Verifying effective controls and procedures to mitigate for model risk and residual uncertainty
- Documenting the testing performed
- As a part of this dynamic team you will get exposure to modeling and model validation in a wide range of activities, including risk management, pricing/valuation, capital, stress testing, and other business decision-making models. The current heightened regulatory focus on these areas and the broader model risk scopes also guarantees a significant level of interest and visibility to the business and senior management. The diversity of assignments available within this role offers the chance for team members to gain a broad range of model risk experience. Opportunities to present results to business partners as well as peers are numerous, which will allow you to widen and develop their network and reputation
You Offer
- You have a university degree in econometrics, quantitative finance or equivalent
- You possess an experience in model risk assurance activities (internal/external audit, independent validation or regulatory environment) and understanding of risk and/or pricing modelling in the financial industry
- You are able to manage team assignments
- You have strong communication and writing skills
- You are ambitious, dedicated and a self-starter
- Excellent organizational, written and verbal interpersonal skills with a sincere dedication to regular communication with your stakeholders & team
- High level of integrity, sense of urgency, attention to detail and quality standards
Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success.
For further information, and to apply, please visit our website via the “Apply” button below.