Validating financial models Freesexchating sites
We are looking for someone like you to: • validate Treasury Risk models that are used exclusively in the US, and also perform detailed analysis and quality assurance on models validated at UBS Group or at offshore locations, to ensure alignment with SR 11-7, SR 15-18 and other US regulatory requirements.
• interface with US regulators, audit and model sponsors and US senior management on Treasury risk models (interest rates, liquidity), and therefore must be fully familiar with all the models in use and the corresponding regulations in the US.
Validating CECL models is new territory for all of us whether it is an internal validation team or an external consultant.
Having a strong model risk foundation that includes sound procedures, techniques, and standards to validations is key. Where we will all learn from each other is the differences in our approach to the complexities of CECL – it is unique in that it is an accounting standard that will now require an economic forecast.
All my roles prior to UMB were in finance such as a Financial Analyst to Director of Finance all with primary responsibilities in budgeting and forecasting.
London, Zurich and offshore locations.) • coordinate with Group counterparts and ensure that Group validators as well as offshore teams are fully engaged. Disclaimer / Policy Statements: UBS is an Equal Opportunity Employer.You are: • expert in modeling approaches to Interest Rates, Pricing of Interest Rate derivatives, Liquidity and related treasury risk concepts. More specifically, organizations are turning to ML models as an alternative to traditional models to gain faster, more accurate and insightful predictions and classifications in their risk management and financial management business decisions.Model Validation Specialist - Treasury & Balance Sheet Models United States - New Jersey Risk Corporate Center Job Reference #: 175882BR City: Jersey City Job Type: Full Time Your role: Do you enjoy validating financial models?Do you have a knack for challenging current state processes and identifying risks?