Quantitative/Model Risk Analyst

On behalf of our client in the Banking Sector, PROCOM is looking for a Quantitative/Model Risk Analyst.
Quantitative/Model Risk Analyst –

• Preparing and presenting audit findings and recommendations to management
• Being a subject matter expert in supporting other audit groups in certain quantitative aspects when required
• Identifying and recommending key controls and safeguards that help improvement or enhancement policies or procedures, and or processes throughout the organization
• Supporting various regular audits, ad-hoc audits or special audit investigations
• Contributing to the completion of the overall audit process, including development of appropriate audit programs, ongoing client communication, execution of the audit tests, documentation, and reporting of the audit test results
• Working closely with other members or other audit groups for conducting audit tests as required
• Conducting audit findings validation or review of the audit findings validation

Quantitative/Model Risk Analyst – Mandatory Skills

• 5+ years in SAS or Python or C++ or Matlab
• Good experience or potential ability in understanding of the model implementation/applications and/or running the model applications
• Excellent writing and documentation skills
• 5+ years Previous Experience in Any Financial Models used in banking - e.g., AML (Anti Money Laundering), Capital Markets, Fraud
• Strong ability to handle multiple tasks and work on projects with a tight deadline
• Post graduate degree - PHD OR master's in mathematics, Engineering, Finance, Comp Science, Data Science)
• Good communication and negotiation skills
• Good knowledge of advanced statistical analysis and their applications in practices including regression analysis, statistical tests, time series analysis, and probability theory such as normal, log-normal and binomial distributions, stochastic processes, etc.

Quantitative/Model Risk Analyst - Preferred Skills

• Previous Data Mining experience
• Prior education or working experience in Basel implementation, stress testing, compliance assessment or gap analysis, regulatory submission, and risk management

Quantitative/Model Risk Analyst - Assignment Start Date ASAP – 6 months to start
Quantitative/Model Risk Analyst - Assignment Location Toronto, ON – Work Hybrid