• USD180000 - USD200000 per annum
  • New York, NY, USA
  • Permanent, Full time
  • Selby Jennings QRF
  • 2018-07-11

SVP Model Validation - Securitized Products

  • Location: New York, NY, USA
  • Salary: USD180000 - USD200000 per annum
  • Job Type: Full time

A Global Investment Bank in New York City is currently seeking to add an SVP level individual to their Securitized Products Model Validation team. This is an expansion hire for the team and you will be expected to assume managerial responsibilities for future hires. This team focuses on CMBS, RMBS, CDOs, CLOs, and ABS products; and you will lead the model validation for default, prepayment, loss severity, and delinquency models. This bank has some of the highest retention rates in the industry due to offering work from home flexibility and strong opportunities for internal mobility.

Responsibilities:

  • Lead the model validation efforts for various securitized portfolios including CMBS, RMBS, CLOs, and ABS

  • Perform model validation of default, prepayment, delinquency, and loss severity models for these portfolios

  • Act in a managerial capacity to junior members of the team by providing coaching and mentorship

  • Strategize with senior management regarding model methodology, ways to mitigate/measure risk in these portfolios, and influence others regarding process improvement issues from a quantitative and qualitative perspective

Qualifications:

  • Minimum of 6 years of model development or model validation experience within financial services

  • Experience with securitized products models for MBS, CLOs, ABS, or their unsecured retail counterparts

  • PhD or a Masters degree in a quantitative field

  • Knowledge of one or more of the following: R, SAS, C++, Python, SQL

  • Strong interpersonal skills with ability to both lead others and perform independent work

New York, NY, USA New York NY US