TIAA Sr Assoc, ERM Model Risk Mgmt, Quantitative Analysis in JACKSONVILLE, Florida
TIAA is a unique financial partner. With an award-winning track record for consistent performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management (as of 9/30/2018) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.
Perform independent validations of models covering a wide range of financial, economic and actuarial instruments.
KEY RESPONSIBILITIES AND DUTIES:
- Assess models theoretical and conceptual soundness
- Evaluate model assumptions and limitations including input data and parameters, design and methodology
- Verify model implementation and performance
- Identify underlying model risk drivers and assess overall model risk level
- Document the review as well as any recommendations on improvements
Team members have advanced knowledge of mathematics/physics/financial math and have 3 - 5 years working experience in quantitative financial modeling or model validation covering one or several of the following areas: stochastic processes/derivatives/structured products/credit and market risk/fixed income/asset allocation/actuarial/ALM. Programming skills in in both general-purpose languages such as C++, Java, Python and computational/statistical/data languages such as Matlab, SAS, R, SQL
Master's Degree - Must be in a quantitative discipline in quantitative finance or hard science such as mathematics, physics, chemistry or engineering
1 - 3 Years of experience - Experience in mathematical finance, statistics, numerical methods. Content knowledge with respect to finance theory and financial instruments. Quantitative modeling or model validation experience.
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- Requisition ID: 1719212
Field: Legal, Compliance, & Risk
Post Date: May 20, 2019
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