Role & responsibilities
- Analyzing products and trade booking to determine the logic required to automatically determine the product type and features.
- Ensure approved product-model combinations used, identify exceptions and work with stakeholders towards remediation.
- Engage with IPV business aligned teams to provide them visibility on exceptions and calculate model limitation/deficiency reserves and/or appropriate IFRS levellings.
- Enhancing the BAU process by improving validation efficiency and accuracy and ultimately
- converting it from a monthly into a daily process.
- Working with developers to implement validation logic to ensure it is consistently applied and sufficiently documented.
- Working with Trading and Strats to remediate product tagging and definition issues to improve the Model Risk Control environment.
- Managing operational risk by ensuring processes are documented and staff are cross-trained.
- Developing your technical expertise to ensure you have the knowledge to face-off against technical experts in divisions outside of Business Finance.
- Producing presentations and communicating progress to Auditors and Regulators.
Preferred candidate profile
• Previous experience working with banking products and understanding how they're booked
• Experience in dealing with Front Office business leaders
• Pricing and modeling of derivative products
• Knowledge of front-to-back architecture of Investment Banks
• Programming experience in SQL, C++, Python an advantage
