Model Validation Analyst - Risk - London

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Aviva Investors
  • 08 Dec 17 2017-12-08

We are looking for a Model Validation Analyst to support the Head of Risk Analytics assisting in building out the model validation governance framework. You will adopt, develop and help set model review processes and the relevant control standards. You will undertake independent model/methodology reviews and prepare, document and present independent model opinions and review findings as well as drive the strategy for risk model validation, and conduct these for Aviva Investors risk model systems.

The Role

We are looking for a Model Validation Analyst to support the Head of Risk Analytics assisting in building out the model validation governance framework. You will adopt, develop and help set model review processes and the relevant control standards. You will undertake independent model/methodology reviews and prepare, document and present independent model opinions and review findings as well as drive the strategy for risk model validation, and conduct these for Aviva Investors risk model systems.

Responsibilities

  • Ensure a strong model governance framework is well-defined and embedded across Aviva Investors, including a comprehensive central repository of all current models under scope
  • Ensure they implement and follow a comprehensive model review process that is clearly defined, consistently applied and supported by a set of standards and principles that enable its effective application. Clear, concise and consistent regular model review reporting that focuses on review, testing, challenge, identifying key risks and findings and making clear recommendations to address these
  • Ensure risk models used are credible & accurate, add value to the second line of defence investment risk process
  • Demonstrate effective escalation where there have been breaches of model review and governance policy standards and of major issues arising from model validation reviews
  • Facilitate discussion at executive, risk, valuation and investment risk committees so that model related issues and consequences are clearly understood and can be actioned at the appropriate level
  • Generate positive feedback from stakeholders including executives, model owners, key clients, the quality of model review framework, processes and methods. Positive view from Aviva Investors Investment Risk team as to the robustness and effectiveness of the model review framework

Requirements

Essential

  • Strong academic track record, minimum degree educated with relevant quantitative and modelling skills with knowledge of asset management and financial markets
  • Strong quantitative, IT and communication skills
  • Experience/knowledge in risk and pricing models/methodologies
  • Ability to present to senior management and challenge model owners in an effective and constructive manner
  • Ability to build close working relationships across the business and develop a strong reputation as subject matter experts
  • Experience of the asset management industry and the relevant associated risks
  • Familiarity with model risk management frameworks and practices
  • Risk systems knowledge/expertise - Aladdin, Risk Manager
  • Programming expertise - VBA, R other data/stat packages and databases
  • Experience of building and/or validating a broad range of methodologies/models under a governance framework, ideally within an asset management business

About Us

Aviva Investors are proud to be a different kind of asset manager; our intelligent solutions are based entirely around our Clients objectives, not ours. Whether our clients are looking for a standard product or something completely bespoke, they can access world-class expertise. Our aim is to retain business with named clients by providing a high level of service. For today's investor

Diversity and Inclusion

Bring to Aviva what makes you different and we'll support you to do the best work of your life. We encourage applications from everyone who wants to help us achieve our purpose of helping our customers to Defy Uncertainty.

One of Aviva's core values is Care More, and this is bought to life through the flexible ways we like to work. This may include working from home some of the time, or flexible work schedules to accommodate parent and carer responsibilities, further studies and hobbies. What's important to us is that you are supported to do the best work of your life. Diversity

You will be assessed against the Aviva values: care more, kill complexity, never rest and create legacy.