Job Description

What is the opportunity?

The Associate Director, Model Development and Implementation is responsible for developing the risk library related to market risk and counterparty credit risk, with applications to both strategic initiatives and Business As Usual (BAU) risk management.

You will also be responsible for developing specification, implementation, application support and maintenance.

What will you do?

• Develop and maintain risk library in Python to cover all asset classes (interest rate, equity, credit, FX and commodity) in the trading portfolio for market risk, counterparty credit risk and CCAR.
• Be proficient with key risk features of the products and risk factor identification process in the trading portfolio
• Transform the representation of the risk measures and scenarios to estimate risk profit & loss
• Work with risk and technology partners for data solutions, risk methodology and adopting industrial standard in application design/development
• Integrate the risk model library with the overall enterprise architecture to provide end to end solution
• Develop risk analytics and models using Spark distributed computing framework
• Initiate independent research projects to explore better tools and practice to gain efficiency

What do you need to succeed? 

Must-have:

• 2+ years of working experience in regulatory & internal risk management requirements under market risk, CCAR or counterparty credit risk. Preferred Quantitative modeling skill with risk focus IT development experience
• Strong Python development skills with focus on finance use cases
• Above average oral and written presentation skills: ability to present clearly complicated modelling concepts and techniques to senior management
• Broad knowledge across capital market products and business

Nice-to-have:

• Prior experience with C++, Java
• Prior experience with Linux environment and shell script
• Knowledge of Spark, PySpark
• Experience in financial engineering, mathematical finance or other quantitative fields

What’s in it for you? 

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Summary

Manages a Global Risk Monitoring/Reporting and Risk Operations team to develop and implement risk management reports, systems, and processes. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees