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Model Risk Consultant
Boston

Model Risk Consultant

Company Profile:

McKinsey’s Risk practice supports clients in many different industries facing challenges of developing and implementing tailored concepts for risk recognition, measurement, and control. McKinsey takes a truly global, cross-sector, cross-functional view of risk issues, combining its deep industry insight and strategic skills with a structured risk-management approach, proven methodologies focused on true transformation, analytical tools, and practical implementation.

Since 2004, Risk Dynamics has been providing independent model validation services to financial services industry seeking an unbiased, technical assessment of their modelling and risk management capabilities. In 2016, Risk Dynamics joined McKinsey and Company and is now a part of McKinsey’s global knowledge network, which includes more than 1,800 knowledge professionals who work alongside consultants and clients to generate distinctive insights and proprietary knowledge.  

McKinsey Risk Dynamics (McK/RD) has established a US hub, a UK office and is growing its Indian team in a commitment to becoming a global leader in model validation, model risk management and model advisory support for the financial services sector.

Job Profile:

McK/RD’s advisory work spans multiple risk types, markets, operating challenges and modelling techniques. McK/RD strives to advance client’s understanding of both well-established and emerging risk management techniques. As such, team members must be capable of analyzing client-specific needs and generating accurate, effective and pragmatic recommendations. This work is supported by McK/RD’s proprietary knowledge as well as by new approaches co-developed with our knowledge partners in the academic community.

McK/RD is seeking a high quality manager to join our fast-growing Waltham team and is expected to:

  • Deliver high quality, timely and cost effective analytics services to clients; 
  • Manage all stakeholders expectations on a project;
  • Serve clients as a project manager and/or a subject matter expert in area(s) of expertise;
  • Organize and review the work done by junior consultants;
  • Coach, challenge and support the project teams;
  • Continuously enhance client offerings and identifying opportunities for business development;
  • Help prepare McK/RD’s response to RFI/RFP processes;
  • Produce thought leadership in the area of expertise that is relevant for our clients, services to clients; 
  • Be known in the market for their respective expertise, services to clients; 
  • Building quantitative tools to improve the quality and efficiency of model validations;
  • Collaborating closely with other McK/RD colleagues globally in building solutions across various risk and model types;
  • Keeping up with regulatory and technical changes impacting the industry; and
  • Lead development of client relevant knowledge/proprietary models and tools

Our team understands the importance of client service, has technical expertise, an interest in ongoing learning and is passionate about risk management. Candidates for this position will ideally have:

  • A Master or PhD in quantitative area such as in Financial Engineering, Applied Finance, Applied Statistics, Applied Mathematics, Computational Finance or related field;
  • At least 7 years of relevant experience in Risk Management practices (internal or external) for Capital Market activities within FO, MO, RM in banking industry (treasury, investment management, custody or clearing houses). Expertise on pricing models is considered as an asset;
  • Experience in development or implementation of risk models and/or pricing models (vendor or “in-house” models);
  • Keen interest in testing, development and/or validation processes used in banking risk models;
  • Deep knowledge of analytical software packages such as SAS, MATLAB, Python, R;
  • Excellent written and oral communication skills with an ability to communicate technical topics to a broad audience, 
  • Demonstrated effectiveness in project, team and client management; adapt quickly to rapidly changing client contexts while maintaining budget, quality and timeline, 
  • Strong interpersonal skills, solid people development skills and proven leadership and influencing skills, 
  • Good understanding of the full range of risks in financial services (both financial and non-financial) and applicable regulations,
  • Intellectual curiosity and demonstrated ability to quickly develop and disseminate new knowledge and improve organizational efficiencies and
  • An ability to collaborate and work efficiently with a growing global team. 

Location:

McK/RD serves clients globally from offices in Brussels, London, Waltham and Gurgaon. This role is based out of Waltham, MA with up to 50% travel. A typical assignment will combine in-house work at the consultant’s primary McK/RD office along with some optional on-site work at our clients’ offices.

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Contact Information

Office

404 Wyman Street
Suite 300
Waltham
MA-02451

Job Reference Title

MRMWAL2130

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Manager Credit Risk
Brussels

Company Profile:

Since 2004 Risk Dynamics has built an international reputation for independent model validation. We work with banks, insurers, asset managers and financial market intermediaries seeking an unbiased, technical assessment of their modelling and risk management capabilities.

In 2016, Risk Dynamics became part of McKinsey & Company. This acquisition reflects a joint commitment to becoming a global leader in model validation, model risk management and model advisory support for the financial services sector. This has been followed by the establishment of a US hub, a UK office and expansion of Risk Dynamics in India.

Job Profile:

Each one at Risk Dynamics strives to meet client expectations and to further develop their client’s understanding of specific market ‘hot topics’ in risk management.

As an integral part of the Risk Dynamics organization, you’ll work closely with your colleagues, help clients validate or optimize their models across a variety of risk scenarios, and enhance Risk Dynamics’ model validationand optimisation methodologies and guidelines.

We are seeking high quality candidates to join our fast-growing teams in London and Brussels and to be responsible for:

  • Manage all stakeholders expectations on a project;
  • Coach, challenge and support the project team members;
  • Add value to our client’s business and their risk management processes;
  • Be trustable as reviewer on model validation and ensuring the quality assurance on content;
  • Shape the risk management agenda, approaches, methods and tools of our clients;
  • Demonstrate thought leadership throughout conferences, our client workshops and industry roundtables;
  • Develop the business and our service offering byinteracting with the market; 
  • Respond to RFI/RFP processes;
  • Write White Papers and Blogs to maintain a constant dialogue with Risk Dynamic’s knowledge community members;

Our team understands the importance of client service, has technical expertise, an interest in ongoing learning and is passionate about risk management. Candidates for this position will ideally:

  • Have an excellent academic track record in a quantitative field combined with further qualifications including CFA, CQF, Actuarial, PhD or similar.
  • Have 5-10 years of experience in Financial Serviceswith a focus on risk management, quantitative modelling and/or model validation in the banking sector, including experience of retail or commercial credit risk modelling gained within industry or consulting.
  • Demonstrate relevant regulatory knowledge including stress testing (EBA/CCAR), IFRS 9 and IRB modelling approaches.
  • Be familiar with the testing, development and/or validation processes for credit risk models. A good knowledge of specific software packages including SAS, MATLAB, C++, R, Python or VBA is considered an asset.
  • Be fluent in English, both spoken and in writing. Additional languages are relevant and welcome.

Location:

Risk Dynamics serves clients globally from our main office in Brussels and additional offices in London, Boston and soon India. Consulting assignments are delivered within a collegial and collaborative context. A typical assignment will combine in-house work at the consultant’s primary Risk Dynamics office along with further, on-site client work.

This position is expected to emphasise Brussels-basedengagements with occasional international travel.

Our requirements :

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Contact Information

Office

Risk Dynamics
Boulevard du Régent, 47/48
B-1000 Brussels
Belgium

Job Reference Title

MCRBRU3575

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Technical Solutions Lead
Brussels

Technical Solutions Lead

Company Profile:

Since 2004 Risk Dynamics has built an international reputation for independent model validation. We work with banks, insurers, asset managers and financial market intermediaries seeking an unbiased, technical assessment of their modelling and risk management capabilities.

In 2016, Risk Dynamics became part of McKinsey & Company. This acquisition reflects our joint commitment to becoming a global leader in model validation, model risk management and model advisory support for the financial services sector. This has been followed by the establishment of a US hub, a UK office and expansion of Risk Dynamics in India.  

Job Profile:

Following Risk Dynamics’s long term strategy to be a solutions driven organization, we are currently looking for a Technical Solutions Leader who will be leading the development of our technical platforms.  

As Technical Solutions Leader, you are expected to:

  • Define the strategy, architecture and specifications of the platforms in interaction with internal stakeholders.
  • Lead and manage the development team whilst adopting an agile approach.
  • Define and manage budgets for the program.
  • Be part of the RD leadership team.
  • Regularly present evolutions of the platforms to the RD Leadership (and other stakeholders)

Candidates for this position will ideally:

  • Hold a graduate (Master’s or PhD) degree in statistics, mathematics, physics or computer science;
  • Be fluent in English, both spoken and written. Additional languages are relevant and welcome.
  • Possess minimum 10 years of experience out of which minimum 5 years of demonstrated experience in building solutions (across the lifecycle, from inception to maintenance) and in developing technical platforms.
  • Very good knowledge of R and Python.
  • Very good knowledge of data analysis and treatment techniques.
  • Very good knowledge of modelling/statistical techniques.
  • Previous experience in managing a development team (min. 5 people-max.10 people).
  • Experience in agile development and related processes (e.g. SCRUM).
  • Knowledge of financial models (and model validation processes) is a plus.
  • Experience in process automation (and related tools) is a plus.
  • Experience in managing yearly budgets.
  • Experience in stakeholders and communication management.
  • Have the capability and willingness to mentoring others and also building a team from scratch (up to 10 people).

Location:

As a Brussels based role, this position is expected to be executed form the Brussels office with occasional international travel.

Download the full job description

Contact Information

Office

Risk Dynamics
Boulevard du Régent, 47/48
B-1000 Brussels
Belgium

Job Reference Title

TSLBRU8037

APPLY HERE

 

 

Model Risk Manager
Gurgaon

Company Profile:

McKinsey’s Risk practice supports clients in many different industries facing challenges of developing and implementing tailored concepts for risk recognition, measurement, and control. McKinsey takes a truly global, cross-sector, cross-functional view of risk issues, combining its deep industry insight and strategic skills with a structured risk-management approach, proven methodologies focused on true transformation, analytical tools, and practical implementation.

Since 2004, Risk Dynamics has been providing independent model validation services to financial services industry seeking an unbiased, technical assessment of their modelling and risk management capabilities. In 2016, Risk Dynamics joined McKinsey and Company and is now a part of McKinsey’s global knowledge network, which includes more than 1,800 knowledge professionals who work alongside consultants and clients to generate distinctive insights and proprietary knowledge.

McKinsey Risk Dynamics (McK/RD) has established a US hub, a UK office and is growing its Indian team in a commitment to becoming a global leader in model validation, model risk management and model advisory support for the financial services sector.

Job Profile:

McK/RD’s advisory work spans multiple risk types, markets, operating challenges and modelling techniques. McK/RD strives to advance client’s understanding of both well-established and emerging risk management techniques. As such, team members must be capable of analysing client-specific needs and generating accurate, effective and pragmatic recommendations. This work is supported by McK/RD’s proprietary knowledge as well as by new approaches co-developed with our knowledge partners in the academic community.

McK/RD is seeking a high quality manager to join our fast-growing Indian team with responsibility for:

  • Manage all stakeholders expectations on a project;
  • Leading, inspiring and coaching a team of 15 consultant; 
  • Developing onboarding, training and staffing plan for the team;
  • Being the SPOC for the team and interfacing with other offices in Europe and US in order to ensure effective utilization of the resources in line with McK/RD’s needs and strategy;
  • Ensuring professional development and long term success of the team;
  • Continuously enhancing client offerings and identifying opportunities for business development;
  • Serving clients as a project leader and/or a subject matter expert in area(s) of expertise;
  • Delivering high quality, timely and cost effective analytics services to clients; 
  • Building quantitative tools to improve the quality and efficiency of model validations;
  • Collaborating closely with other McK/RD colleagues globally in building solutions across various risk and model types;
  • Keeping up with regulatory and technical changes impacting the industry;
  • Leading development of client relevant knowledge/proprietary models and tools.

Our team understands the importance of client service, has technical expertise, an interest in ongoing learning and is passionate about risk management. Candidates for this position will ideally:

  • At least 10 years of relevant experience in model development, validation or risk analytics at a global bank or consulting firm with a proven track record of high performance,
  • Proven experience as people manager and a successful track record in leading teams through change,
  • Strong interpersonal skills, solid people developmentskills and proven leadership and influencing skills, 
  • Effective project and client management skills; adapt quickly to rapidly changing client contexts while maintaining budget, quality and timeline, 
  • Excellent written and oral communication skills with an ability to communicate technical topics to a broad audience,
  • Deep expertise in one or more quantitative risk topics to be able to serve as SME and train others,
  • Strong technical expertise in at least two analytical software packages such as SAS, R, MATLAB, Python, VBA,
  • An excellent academic track record in quantitative area such as financial engineering, applied finance, statistics, mathematics, computational finance, etc.,
  • Good understanding of the full range of risks in financial services (both financial and non-financial) and applicable regulations,
  • High motivation and self-drive with a strong passion for risk and analytics, 
  • Intellectual curiosity and demonstrated ability to quickly develop and disseminate new knowledge and improve organizational efficiencies and
  • An ability to collaborate and work efficiently with a growing global team.

Location:

McK/RD serves clients globally from offices in Brussels London, Boston and India. This role is based out of Gurgaon, India with up to 20% travel. A typical assignment will combine in-house work at the consultant’s primary McK/RD office along with some optional on-site work at our clients’ offices.

Our requirements :

Download the full job description

Contact Information

Office

Vatika Business Park
ohna - Gurgaon Road
Sector 49
Gurugram
Haryana 122018

Job Reference Title

MRMGUR1291

APPLY HERE
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