Model Risk Consultant

Roles & Responsibilities

Our client, an international financial institution, is seeking a Risk Modeling Consultant to support the Risk Management division. The consultant will contribute to the validation and development of quantitative models covering financial and non-financial risks, including market risk, credit risk, liquidity risk, asset and liability management, operational risk, and ESG factors. The role also involves supporting risk-related projects such as the implementation of new risk systems. The consultant will report to the Head of Risk Management.

- Maintain and regularly update the inventory of internal risk models in coordination with business units
- Assess and risk-rate models to determine validation priorities, in line with internal policies
- Review and analyse model documentation provided by business teams
- Perform quantitative analysis and back testing of model outputs
- Prepare validation reports with findings, recommendations, and proposed improvements
- Present validation outcomes to the Internal Risk Committee
- Monitor implementation of recommendations and provide regular status updates to the Head of Risk Management
- Support the development of new models, including those for climate risk and operational risk
- Contribute to the enhancement of data quality, data management, and automation in risk modeling activities
- Assist in the implementation of new risk data and reporting systems
- Support the integration of new financial instruments and risk controls
- Collaborate with internal teams such as Investment, Funding, ALM, and Back Office on model-related topics