Head of Model Validation New York City, NY

Head of Model Validation

• Company

  Comprehensive Recruiting

• Location

  New York City, NY

• Compensation

  Outstanding compensation and benefit package.

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  Feb 18, 2013

• eFC Ref no

  1130528

Top Financial Service firm is looking to add a Head of Model Validation in NY that will be responsible for leading a small team for validating and approving all qualifying models.

This person will also lead the verification of model performance; response to stress input conditions; writing validation reports that lay out the results of theoretical review and testing; establishing strong relationships with key business partners and other stakeholders (ratings agencies, external and internal audit, State and Federal Regulators).  Candidates should have at least 10-15 years of expereince in financial model development/validation or risk management. Candidates should have a Masters or PhD in a quantitative discipline (Mathematics, Engineering, Physics, Statistics, Computer Science).  Must have strong knowledge of reserve risk and pricing methodologies.  Knowledge of econometric (cross-sections, time series) and statistical techniques is required.  Candidates should have expereince working with Property and Casualty products and modeling.  Solvency II knowledge is a plus.  Must also have strong programming skills Excel/VBA, SAS, R, C++ or Python.  Should have some expereince leading a team of junior staff.