Vice President, Model Risk Management Job in Blackrock

• Evaluate conceptual soundness of models by evaluating the model theory (incl. model assumptions, limitations), model construction and model testing in relation to the known model use cases
• Determine optimal testing plan for validated models and assess sufficiency and adequacy of testing performed by model owners
• Escalate identified risks or gaps in the models methodology and testing
• Where necessary, perform independent testing of models
• Assess already documented model limitations and identify any new limitations that arise through the validation process
• Write comprehensive validation documentation (reports) for validated models
• Communicate model validation conclusions to relevant stakeholders and evaluate model remediation actions

Qualifications:

• Advanced Degree (MS, PhD) in a quantitative discipline

• Experience in quantitative model development or validation

• Understanding of risk models and methodologies including market risk and stress testing

• Programming experience in one or more environment such as R, MATLAB, Java, SAS, Python, SQL, VBA

• Knowledge of one or more asset classes such as equity, fixed income, or multi-asset products

• Strong analytical, critical thinking, and problem solving skills

• Ability to communicate results with impact both in written (reports) and oral (presentation) ways

• Ability to communicate sophisticated quantitative results for a wider audience

• Enthusiasm and energy combined with a clear sense of how to make it happen through teamwork, engagement and commitment

• Excellent communication and presentation skills and an ability to work with all levels of the organization

• Ability to effect change in collaboration with key business and risk partners

• Fluent in spoken and written English