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Model Risk Analyst

Company: DTCC
Location: Jersey City
Posted on: May 18, 2020

Job Description:

Are you ready to explore a world of possibilities?

Join our DTCC family, and you'll grow your expertise and become the best version of you. As you embark on a new journey, you'll tackle challenges with flexibility and grace, learning new skills and advancing your career while having the time of your life.

About this Opportunity

We are looking for a Model Risk Analyst to join the Model Validation and Control group ("MVC"), which is responsible for all aspects of Model Risk Management ("MRM") at DTCC from model risk governance and control, independent model validation to model performance monitoring ("MPM") and back testing ("BT"). Model Risk Analyst will support the model risk governance process and will be involved in the model identification process and model inventory management.

Your Responsibilities:


  • Prepare and analyze model risk reporting and data for senior management and regulators
  • Support Model risk management tool implementation efforts, including participation in User Acceptance Testing
  • Conduct model identification activities that includes administration of the model survey, analysis of the survey responses, collection and documentation of effective challenge from SME, and collation of results and attestations.
  • Works closely with relevant stakeholders to understand all aspects of the workflow processes managed for model validation, model performance monitoring, and model issue management.
  • Create periodic reporting of model risk metrics or initiatives
  • Organize materials for the Model Risk Governance Council ("MRGC")
  • Assist with ad hoc model risk analyses and reporting as needed
  • Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

    Additional Qualifications:

    • Must have excellent interpersonal skills and can work in an efficient and organized way.
    • Ability to work independently and under pressure.
    • Prior experience with quantitative modeling is not required but should have a general knowledge of financial markets and products, risk metrics and VaR.
    • Ideally the incumbent should be familiar with the regulatory requirements in terms of model risk management (SR 11-7) and SEC Covered Clearing Agency Standards.
    • Knowledge of programming languages such as Python, SAS, VBA, etc. would be advantageous but is not required.

      Talents Needed for Success:


      • Excellent communication skills, both oral and written.


        Who We Are:

        With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2018, DTCC's subsidiaries processed securities transactions valued at more than U.S. $1.85 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $52.2 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.



Keywords: DTCC, Jersey City , Model Risk Analyst, Professions , Jersey City, New Jersey

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