AVP, Model Risk Management

Leading corporate and investment bank is seeking an experienced Risk Modeler (AVP/VP) to develop and stress-test PPNR models for revenue forecasting and risk assessment across its banking and trading functions. This role is ideal for a risk management professional with strong statistical modeling expertise in capital markets who wants to grow within a top-ranked financial institution. The candidate should have a deep understanding of revenue generation, risk factors, and regulatory requirements in banking and trading.

Location is on-site at bank's headquarters in Midtown Manhattan 4 days a week. Must be authorized to work in the U.S. (no sponsorship)

Key Responsibilities

• Develop and implement PPNR models for revenue forecasting and risk assessment.
• Analyze revenue streams from banking and trading activities, including interest income, fees, and trading gains.
• Identify and assess risks such as market, credit, operational, and liquidity risk .
• Validate and monitor model performance to ensure accuracy and regulatory compliance.
• Stay updated on industry trends, regulations, and best practices in risk modeling.
• Assist in model development, maintenance, and documentation using statistical methods (e.g., OLS regression, AR modeling ) in compliance with Federal Reserve SR 11-7 .

Qualifications:

• Bachelor’s degree in Statistics, Finance, Engineering, Mathematics, or related quantitative fields (Master’s preferred ).
• Experience in capital markets risk management and predictive modeling.
• Strong proficiency in Python, SAS, Excel , and statistical modeling techniques.
• Understanding of banking and trading revenue streams and financial products.
• Familiarity with risk management principles and regulatory requirements (e.g., Basel III, Dodd-Frank, SR 11-7 ).
• Ability to analyze large data sets , identify insights, and communicate findings.
• Good communication skills (presentation and written) and the ability to explain concepts to non-technical audiences.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Analyst

Industries

Investment Banking, Capital Markets, and Banking