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Sr Quantitative Finance Analyst

Jersey City, New Jersey;

Job Description:

The qualified candidate will join a team of quantitative analysts in the Model Risk Management (MRM) group and will be responsible for the independent review and validation of all quantitative models used by the Global Wealth & Investment Management (GWIM) division. The team ensures best modeling practices and compliance with Model Risk Management Policy, Procedures, and FRB/OCC requirements for model independent validation.
The position will be responsible for
• Performing all model validation tasks including but not limited to independent model validations, annual model reviews, ongoing monitoring report reviews, required action item reviews, and peer reviews.
• Conducting administrative and governance activities such as model identification, model approval, breach actions, extension assessments, to manage model risk.
• Providing hands-on leadership for projects pertaining to quantitative modeling and analytics methodologies such as machine learning, logistic/linear regression, Monte Carlo simulation, stochastic calculus, and optimization.
• Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.
• Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating and interacting with the third line of defense (e.g. internal audit) as well as external regulators and governance agents.
 

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The qualified candidate will join a team of quantitative analysts in the Model Risk Management (MRM) group and will be responsible for the independent review and validation of all quantitative models used by the Global Wealth & Investment Management (GWIM) division. The team ensures best modeling practices and compliance with Model Risk Management Policy, Procedures, and FRB/OCC requirements for model independent validation.
The position will be responsible for
• Performing all model validation tasks including but not limited to independent model validations, annual model reviews, ongoing monitoring report reviews, required action item reviews, and peer reviews.
• Conducting administrative and governance activities such as model identification, model approval, breach actions, extension assessments, to manage model risk.
• Providing hands-on leadership for projects pertaining to quantitative modeling and analytics methodologies such as machine learning, logistic/linear regression, Monte Carlo simulation, stochastic calculus, and optimization.
• Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.
• Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating and interacting with the third line of defense (e.g. internal audit) as well as external regulators and governance agents.
 

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21002903

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Taylor Pitre

Referral Bonus:

0