TIAA Manager, Quantitative Risk Management Officer – Model Validation in New York, New York
TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
KEY RESPONSIBILITIES AND DUTIES:
Quantitative Risk Management Officer
This position will perform independent reviews and validations of models covering a wide range of financial instruments with primary focus on models used in the Banking Division.
Key Responsibilities and Duties
The Model Risk Management (MRM) team within the TIAA’s Enterprise Risk Control is responsible for the assessment,management, measurement, and reporting of model risk.
This includes model validation and governance activities: initial model validation and model performance review; risk rating of models; front-to-back model governance and control.
The objective is to ensure that models are fit for the intended purpose in the business context and that model users are aware of the models' strengths and limitations impacting their decisions
5 Years Required; 7 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- 5 years or more working experience in quantitative financial modeling or model validation covering one or several of the following areas: stochastic processes; actuarial/ALM; derivatives; structured products; credit and market risk; fixed income; and asset allocation.
MS in a quantitative discipline in quantitative finance or hard science such as mathematics, physics, chemistry or engineering.
PhD in a quantitative discipline in quantitative finance or hard science such as mathematics, physics, chemistry or engineering.
Minimum Pay: $124,800.00
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.
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