- Join a global financial institution renowned for its expertise in Model Risk Management
- Collaborate with a diverse team of quantitative experts to validate and enhance market risk models
- Competitive salary, annual performance bonuses, and comprehensive benefits package
- Flexible working arrangements and opportunities for professional growth and development
Our client, a leading global financial institution, is seeking a highly skilled VP/Lead VP to join their Model Risk Management (MRM) function in Krakow, Poland. This is an exciting opportunity for a quantitative expert to play a crucial role in validating and ensuring the robustness of market risk models.
Position Overview
As a VP/Lead VP in the MRM team, you will be responsible for conducting independent model validation activities to assess the conceptual soundness, suitability, and compliance of market risk models. Your expertise will contribute to the overall effectiveness of risk management practices and help maintain the institution’s reputation for financial stability.
Responsibilities
- Undertake model validation activities as per the Global Model Risk Policy
- Assess model inputs, calculations, reporting outputs, and implementation
- Provide comprehensive written validation reports and validate remediation activities
- Embed new Global Model Risk Policies and Procedures
- Ensure models comply with internal and regulatory expectations
- Participate in Governance Forums and liaise with stakeholders to resolve issues
- Provide functional leadership for a small team of Model Validators
- Support recruitment, retention, and coaching of junior colleagues
- Deliver high-quality and timely validation reports
Requirements
- Master’s or PhD degree in a quantitative discipline (Statistics, Mathematics, Physics, Econometrics, Quantitative Finance, or related fields)
- Experience with statistical modelling software/programming languages (e.g., Python, R, Matlab, C++, VBA)
- Proven track record in developing or validating models and presenting recommendations to Senior Management
- Knowledge of Stress Testing and Scenario Analysis models, Traded Risk and Pricing Models, Global Markets Trading & Hedging models, or Asset Liability Models
- Detailed understanding of market risk concepts (VaR, Stressed VaR, Expected Shortfall, Risk Factor back-testing, time series analysis)
- Familiarity with local and international regulations (experience in FRTB framework implementation is a strong advantage)
Benefits
- Competitive salary and annual performance-based bonuses
- Additional recognition awards and a Multisport card
- Private medical care, life insurance, and financial support for training and education
- Flexible working hours and the option to work from home once a week
- Opportunities for professional growth and development within a global organization
Alongside a comprehensive benefits package, you’ll be part of a diverse and inclusive team that values collaboration, innovation, and excellence. Our client fosters a supportive work environment where you can thrive professionally and make a meaningful impact in the field of Model Risk Management.
How to Apply
To apply for this role please submit your CV using the form below or email agnieszka.olesiak@blvdr.pl / syed@blvdr.pl