A quantitative risk role to lead and execute audit engagements focused on models, quantitative tools, analytics, and artificial intelligence, providing independent assurance over governance, risk management, and control processes.
$80,000 - $140,000 Annual
- Lead or support model-risk audits covering two or more areas such as credit risk, market risk, capital, liquidity, counterparty risk, financial crime, pricing, Treasury, Investment Management, Markets.
- Plan and execute audits according to the Corporate Audit’s risk-based audit methodology and internal standards, industry practices, and regulatory guidance.
- Assess the design and effectiveness of controls across the model lifecycle, including development, validation, implementation, change management, monitoring, use, and governance.
- Review and assess model documentation and implementation details, model validation and ongoing monitoring results to assess the effectiveness of the model risk management control design and execution.
- Draft clear audit workpapers, findings, memoranda, and reports that explain the risks, root causes, business impact, and recommended actions.
- Master’s degree or higher in quantitative finance
- statistics
- mathematics
- economics
- financial engineering
Model Risk Audit, AVPState Street · Boston, US