Stress Testing and Model Risk Expert

About the role

The Stress Testing and Model Risk Expert is tasked with building, validating, and governing stress testing frameworks and model risk management practices that gauge how well the firm can withstand adverse scenarios.

Requirements

• Bachelor's or Master's degree in finance, economics, statistics, mathematics, or a related quantitative field

• Demonstrated experience in stress testing, model risk management, or quantitative risk analysis

• Solid understanding of regulatory stress testing requirements and risk modeling frameworks

• Skilled in statistical and analytical tools such as SAS, R, Python, or SQL

• Outstanding analytical, communication, and stakeholder management skills

• Relevant professional certifications such as FRM or CFA are a

Responsibilities

1. 1

   Create and keep up stress testing models and scenario analysis frameworks that meet regulatory requirements

2. 2

   Validate and question the models applied to capital planning, forecasting, and risk assessment

3. 3

   Track and report on how models perform, their limitations, and the risks they carry

4. 4

   Put together documentation and submissions for regulatory stress testing exercises

5. 5

   Work together with risk, finance, and business teams to make sure stress testing methodologies are applied consistently

6. 6

   Spot emerging risks and evaluate how they might affect the organization