Uniqruit is seeking to recruit a Model Validation Specialist to the Nasdaq Clearing CRO organization where the role is currently placed within the CRO Office. The CRO Office is primarily responsible for controlling and overseeing that Nasdaq Clearing operates in accordance with the applicable risk management framework to ensure prudent and effective management of financial, operational, strategic & business and legal & regulatory risks associated with Nasdaq Clearing’s activities. CRO Office is a part of the second line function and report to the Chief Risk Officer.
The position is based at Nasdaq Stockholm office. Nasdaq Clearing handles the clearing of three different Clearing Services, focusing primarily on Equity derivatives, Fixed Income derivatives and repos and Commodity derivatives. Risk Management for these services is accomplished through a comprehensive risk management framework made up of policies, procedures, standards and human, informational and technological resources. These resources and the framework that is applied are essential to the accurate measurement, desired level of control and level of protection from all significant financial risks. The framework is also designed to meet the risk management and related corporate governance objectives of Nasdaq Clearing.
As Model Validation Specialist, you will be part of the second line function and report to the Head of the CRO Office. Together with your team, you will be responsible for independent validation and monitoring of models as well as for developing and constantly improving the Model risk framework. It is crucial that you are a person that can comprehend and challenge a wide variety of valuation and risk models, including their design, effectiveness, implementation and documentation. The ability to communicate effectively, from detailed technical/quantitative to business/strategic level, with stakeholders such as model experts, external model validators and senior management is a key success factor for this role. In addition, you are expected to have the ability to replicate and benchmark models.
The Best-Suited Candidate:
This will be a great opportunity for you who would like to work with advanced derivatives risk management models. You have the ability to challenge and provide advice to model owners and to other stakeholders. You have, or strive to have, an excellent understanding of models ranging from derivatives valuation/pricing models to market risk, credit risk and capital and liquidity risk models, as well as drive forward implementation of model risk management framework. In order to do this, we believe that you have:
- Degree in Mathematics, Engineering and/or Finance or related field
- Minimum 5 years of experience within quantitative financial risk management, ideally from derivatives in various asset classes
- Experience from model validation and techniques such as back testing, sensitivity testing and stress testing
- Strong communication and collaboration skills as well as the ability to work with internal and external stakeholders
- Ability to thrive in a rapidly changing environment
- Excellent proficiency in English both written and spoken
As the selection process is ongoing, please submit your application in English as soon as possible.
In this recruitment Nasdaq is cooperating with the specialized recruitment agency Uniqruit if you have any questions regarding the position please contact Tobias Danielsson www.uniqruit.com
Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information or any other status protected by applicable law.