What are the responsibilities and job description for the Front Office Quant Lead position at Cross River?
Key Responsibilities
As the leader of Business Risk Unit, you will be responsible for managing the development and implementation of mathematical models, tools, and strategies within the Quantitative Strategies Group (QSG). This includes working closely with model developers and model owners to ensure all models are in compliance with regulatory requirements. You will also be responsible for authoring high-quality model documentation, designing and executing model monitoring plans, and maintaining model inventory and calendar for different compliance activities.
Responsibilities:
Requirements:
This role requires a strong quantitative background (PhD/Master's Degree or equivalent) in Statistics, Mathematics, Operations Research, Physics, or a quantitative science, with minimum 5 years prior experience in Model Development or Model Validation. Front office Experience is essential. Understanding of capital markets, securitizations, consumer credit products is a plus. Experience with Credit risk models in a Model Risk Management function or a Model Risk Oversight function is a definite plus.
As the leader of Business Risk Unit, you will be responsible for managing the development and implementation of mathematical models, tools, and strategies within the Quantitative Strategies Group (QSG). This includes working closely with model developers and model owners to ensure all models are in compliance with regulatory requirements. You will also be responsible for authoring high-quality model documentation, designing and executing model monitoring plans, and maintaining model inventory and calendar for different compliance activities.
Responsibilities:
- Develop and implement mathematical models, tools, and strategies within the Quantitative Strategies Group (QSG).
- Work closely with model developers and model owners to ensure all models are in compliance with regulatory requirements.
- Author high-quality model documentation and design model monitoring plans.
- Maintain model inventory and calendar for different compliance activities.
- Lead all communications for the Quant group and work with MRM to formulate common understanding and interpretation of regulatory guidance.
Requirements:
This role requires a strong quantitative background (PhD/Master's Degree or equivalent) in Statistics, Mathematics, Operations Research, Physics, or a quantitative science, with minimum 5 years prior experience in Model Development or Model Validation. Front office Experience is essential. Understanding of capital markets, securitizations, consumer credit products is a plus. Experience with Credit risk models in a Model Risk Management function or a Model Risk Oversight function is a definite plus.
