Senior Quantitative Analyst

Position Summary:

We are looking for a senior quantitative analyst to join the Model Validation & Control group (“MVC”), which is responsible for all aspects of Model Risk Management (“MRM”) at DTCC from model governance & control, independent model validation to model performance monitoring (“MPM”) and back testing (“BT”).

The senior quantitative analyst will support the Director of MPM Review and Non-Models Control and work closely with model owners and the validation team within MVC group to perform reviews of MPM metric, plans, backtesting methodologies, low-tier models and non-models to ensure they comply with the standards as defined by DTCC Model Risk Management policy, Model Validation Procedures and regulatory requirements.

This position will be based in Jersey City or Dallas.

 

Specific Responsibilities:

Review MPM metrics and MPM plans according to firmwide MPM standards and opine on the appropriateness of the metrics and plans

Review backtesting methodologies and write review report

Present MPM review and oversight results and finding resolutions to the Model Risk Governance Council (MRGC)

Challenge MPM reports at monthly MRGC review meeting

Review low-tier models

Review non-models and enforce control

Perform ad hoc analysis to identify model limitations and performance issues and recommend remediations.

Leadership Competencies

Inclusive Leadership:  Values individuals and embraces diversity by integrating differences and promoting diversity and inclusion across teams and functions.

Coaching:  Understands and anticipates people's needs, skills, and abilities, in order to coach, motivate and empower them for success.

Feedback:  Seeks feedback from others, provides feedback to others in support of their development, and is open and honest while dealing constructively with criticism.

Delegating:  Effectively manages tasks and people, taking a practical approach to determine the most effective method of execution while respecting others’ expertise and considering others’ feelings and working styles.

Qualifications

• 5 - 7 years of related experience, ideally in model validation, risk analytics or front office quant modeling

• A Ph.D. or a Master’s degree in quantitative finance, economics, or other quantitative fields. A Ph.D. is preferred.