Our Ability Jobs

Jobs Ability | Work with 'Abi'

Job Information

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.


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

  • Physical Requirements: Sedentary Work

Career Level



  • 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) .

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .

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: (800) 842-2755

Email: accessibility.support@tiaa.org

For residents of California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) to access the TIAA CA Applicant Privacy Notice.

For residents of the EU / UK, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) to access the EU / UK Pre-employment Notice.

For all other residents, click here (http://www.tiaa.org/public/tiaa-nuveen-privacy) to access the Applicant Privacy Notice.

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.