Associate - Financial Risk Management - Quants
Associate - Financial Risk Management - Quants
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Job Description
Undertake reviews and analysis across the portfolio for Market Risk. Undertake development or validation on classic quantitative models (investment risk VaR product pricing etc)
Key Responsibilities and Duties
- Market Risk Model Management
- Model Development and Validation
- Model Risk Assessment and Governance
- University (Degree) Preferred
- 3 Years Required; 5 Years Preferred
- Physical Requirements: Sedentary Work
Career Level
7IC
Job Posting Title: Associate - Financial Risk Management - Quants
This role will review and validates computer models to and otherwise supports the Model Risk Management (MRM) Program in mitigation of model risk across the TIAA enterprise.
Key Responsibilities and Duties
The role will be responsible for conducting independent review and validation of a wide range of computer models of all types used in business areas across the TIAA enterprise. The role will
- Develop and execute validation plans including defining validation objectives scope methodologies and timelines.
- Perform thorough model testing and validation procedures including back-testing sensitivity analysis stress testing scenario analysis and outcomes analysis.
- Document validation findings including strengths weaknesses limitations and recommendations for model enhancements or remediation actions.
- Communicate validation results and recommendations to key stakeholders including model owners senior management risk committees and regulatory authorities.
- Collaborate with model developers quantitative analysts risk managers and other stakeholders to address validation findings and implement model improvements.
- Stay abreast of regulatory developments industry trends and best practices related to model risk management and validation
Educational Requirements
- Bachelors Degree in a quantitative subject
Work Experience
- 4 Years Required.
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
- 7IC
Required Qualifications:
- Bachelors Degree in a quantitative subject.
- Broad experience with financial services markets and instruments.
- Programming experience in a variety of languages and platforms.
- Experience in testing computer programs and models.
- Quantitative acumen and problem-solving ability.
Preferred Qualifications:
- Masters Degree or PhD in a quantitative subject.
- Hands-on experience with artificial intelligence programming and platforms both traditional machine learning and generative AI.
Company Overview
TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent reduce risk by insourcing key platforms and processes as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization with a focus on technology operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners our goal is to reduce risk improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age race color national origin sex religion veteran status disability sexual orientation gender identity or any other legally protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone:
Privacy Notices
For Applicants of TIAA Nuveen and Affiliates residing in US (other than California) click here.
For Applicants of TIAA Nuveen and Affiliates residing in California please click here.
ForApplicants of TIAA Global Capabilities click here.
For Applicants of Nuveen residing in Europe and APAC please click here.
Required Experience:
IC
Employment Type
Full-Time
