PASHA Holding

Model Risk Senior Auditor

Son tarix 03 iyn 2023 - [email protected]

Job Requirements:

• Model Assessment: Conduct comprehensive evaluations of the models used within the organization, including financial, statistical, and risk models, to identify any weaknesses or limitations.
• Risk Identification: Identify and evaluate potential risks associated with the models, such as data quality issues, model assumptions, limitations, and potential model biases.
• Compliance Verification: Ensure that the models comply with relevant regulations, internal policies, and industry best practices.
• Documentation: Maintain accurate and detailed documentation of model audits, assessments, and findings.
• Testing and Validation: Develop and execute testing procedures to validate the accuracy, reliability, and robustness of the models.
• Review Model Development Process: Assess the model development process to ensure appropriate governance, controls, and documentation are in place.
• Independent Reviews: Conduct independent reviews of model methodologies, assumptions, and results to identify potential areas of improvement.
• Risk Mitigation: Collaborate with stakeholders to develop strategies and recommendations for mitigating identified model risks.
• Reporting: Prepare clear and concise reports summarizing audit findings, including risk assessments, recommendations, and remediation plans.
• Stakeholder Engagement: Collaborate with model owners, developers, and business stakeholders to communicate audit results, provide guidance, and address any concerns.
• Industry Awareness: Stay up-to-date with industry trends, regulatory requirements, and emerging best practices related to model risk management.
• Financial Controls Review: Review and assess the effectiveness of financial controls and processes within the organization to ensure compliance with regulatory requirements and industry standards.
• Internal Audit Support: Collaborate with the internal audit team to provide expertise and guidance on risk management and contribute to the overall internal audit plan.
• Regulatory Compliance: Stay abreast of regulatory requirements related to financial and risk management, providing guidance to ensure compliance and advising on potential impacts to the organization.

Skills & Experience:

• A bachelor's degree in finance, accounting, economics, statistics, mathematics.
• Excellent understanding of quantitative finance and model development.
• Strong financial mathematics skills and fluency in statistics, calculus and numerical methods.
• Significant understanding models design, development, calibration, stress testing and validation.
• Should have experience in development, validation or auditing of quantitative models.
• Proficiency in MS EXCEL, SQL and Python with experience in data analysis and modeling using libraries such as pandas, numpy, and scikit-learn.
• Experience with data visualization tools, such as Tableau, is desirable.
• A strong understanding of credit risk management practices and regulatory requirements. 
• Deep understanding of risk and how controls can mitigate those risks while showing business acumen and commercial awareness.
• Ability to challenge and be challenged while maintaining the highest level of professionalism and ethics

How to apply:

Interested candidates are requested to submit:

• CV to e-mail;
• Put “Model Risk Senior Auditor” in the subject line;
• CVs should be sent by June 3, 2023.

Attention: The candidates will go through an initial CV screening review. Those candidates who succeed based on CV screening will be contacted via email and/or phone and will be invited to interview.