Job Description:

• As a member of the Internal Audit team, the Senior Quantitative Risk Specialist within the Quantitative Center of Excellence will provide the team/department with a high level of experience and subject matter expertise in areas that are quantitative in nature.
• This role will interact with senior management and various supervisors to provide a rigorous independent view of the control environment as the Third Line of Defense.

Responsibilities:

• Brings deep and specific expertise related to financial products and risk management, including ability to challenge financial model assumptions and methodologies and identify meaningful issues based on independent audit assessment
• Build ongoing relationships with the business units outside the context of IAD’s routine audits
• Oversee the execution of audit coverage of quantitative risks and related controls and produce high quality audit work products by independent assessment of audit areas’ risks and controls
• Lead individual audits or reviews as needed, but also have a focused role on the design of controls across a larger number of projects involving deep quantitative/model risk knowledge
• Demonstrate a strong commitment to teamwork, including coaches and develops team/department staffs

Qualifications:

• Minimum of 10 years of previous financial products or risk management (market, quantitative/model risks) experience is typical for this role.
• A graduate degree in a mathematical science, statistics, or in engineering.
• Beneficial, but not required, are certifications related to the incumbent’s coverage responsibilities, such as Financial Risk Manager (FRM), etc.

Additional Qualifications:

• Previous internal or external audit experience is helpful, but not required. The incumbent for this position should have a background in Financial Products or Quantitative Risk Management, particularly in market, quantitative/model risk experience, including the assessment of VaR modeling methodologies and assumptions.
• Leadership Model sets out the core behaviors required of all employees. Each position is unique and may require the incumbent to have or build specific knowledge of the businesses, products, functions, and processes within his or her coverage responsibilities.
• More broadly, successful candidate typically demonstrates the following skills and behaviors:
• Strong written and oral communication skills
• Strong quantitative, analytical and problem-solving skills
• Self-starter, with the ability to work independently and in teams
• Ability to drive thought leadership on multiple concurrent audit projects
• Attention to detail
• Able to ask the right questions and challenge the status quo in a professional manner

MUST HAVE:

Technical: SQL, R, Python

Quantitative Risk

Model Validation

Regulatory SR 11-7

VaR modeling methodologies and assumptions, TBA Treasury

NICE TO HAVE:

Certifications related to the incumbent’s coverage responsibilities, such as Financial Risk Manager (FRM)

ADDITIONAL INFORMATION:

Pay and Benefits:

Competitive compensation, including base pay and annual incentive

Comprehensive health and life insurance and well-being benefits, based on location

Retirement benefits

Paid Time Off and other leave of absence

Flexible/Hybrid Work Arrangements

ADDITIONAL INFORMATION:

Pay and Benefits:

Competitive compensation, including base pay and annual incentive

Comprehensive health and life insurance and well-being benefits, based on location

Retirement benefits

Paid Time Off and other leave of absence

Flexible/Hybrid Work Arrangements