Job Title:
Senior Risk Model Validation Specialist
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Job Summary:
Our organization seeks a seasoned Senior Risk Model Validation Specialist to join our Financial Services Risk Management team in Lisboa. As a senior consultant, you will collaborate with prestigious clients in the financial services sector, providing expert guidance on risk management strategies and operational enhancements.
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Key Responsibilities:
* Develop and implement comprehensive risk management services for financial institutions, emphasizing efficiency and quality.
* Support clients in defining governance models, policies, procedures, and processes aligned with local, national, and global requirements.
* Assist in establishing, monitoring, evaluating, and interpreting data through a risk management lens.
* Collaborate on the implementation of key regulatory requirements and guidelines.
* Design Probability of Default and Loss Given Default risk rating models for commercial & corporate borrowers.
* Develop time series Stress Test models to support capital planning initiatives.
* Contribute to performance monitoring and model validation.
* Perform data manipulation and analysis using SQL, SAS, and other tools, presenting results and recommendations to Credit Risk Management.
* Participate in regulatory risk assessment exercises and independent reviews of applicable prudential frameworks.
* Identify risk-related issues requiring escalation to management.
* Support team management and contribute to the development of the FSRM team by mentoring and coaching junior members and leading by example.
Requirements:
* Strong communication, presentation, and business writing skills.
* Excellent analytical skills, with confidence in translating complex data into meaningful insights.
* Ability to prioritize effectively on projects and adapt quickly to new challenges and concepts.
* Technical rigor and attention to detail.
* A strong work ethic.
* Strong problem-solving skills.
* Professional responsibility, confidentiality, and integrity.
* Efficient, innovative, and team-oriented work environment.
* Dedicated, innovative, resourceful, and able to work under pressure.
* Team player and critical thinking.
* Forward thinker and self-starter.
Qualifications:
* Academic degree in Management, Economics, Finance, Statistics, Mathematics, or similar fields of study.
* At least 3-4 years of experience in risk management analysis and projects, mainly in the banking sector.
* Background in consulting environment highly valued.
* Knowledge of local and international banking regulations affecting models and rating systems.
* Relevant experience in development or validation of end-to-end statistical models, including credit IRB, IFRS 9 provisioning, and stress testing.
* Knowledge and previous experience of PD / LGD / EAD modelling or validation.
* Good knowledge of risk model development and validation techniques.
* Understanding of industry-wide modelling practices and trends.
* Knowledge in SAS, SQL, R, VBA, and other programming languages highly valued.
* Ability to work in multicultural projects and environments.
* Fluent written and verbal communication skills in both Portuguese and English.
* Availability to work in Portugal and abroad.