The Model Validation team in Hangzhou, China will cover the models used at State Street to make business and operating decisions—most notably regulatory and economic capital models, as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including wholesale credit risk (e.g., probability of default, loss given default, exposure measurement, and loan loss reserving); market risk (e.g., daily value at risk pricing models, counterparty credit risk, Asset Liability Management risk, and terms structure models); and operational risk. The position will be located in Hangzhou, China.
JOB QUALIFICATIONS for Senior Associate:
Work with team members in Hangzhou under the supervision of the model validation lead in China, and support the US team to conduct model validation activities.
Assessing model theory and model assumptions as well as considering model methods and potential options.
Testing and confirming model results by using documented procedures for running the model(s).
Reviewing code documentation for proper model implementation, including the possible simulation of results.
Working with data validation members and information technology professionals to determine model data integrity.
Performing model validation processes and performing independent model validation of significant models.
Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing.