Jobs, fresher vacancy - Senior Consultant, Model Risk Management • UK

Company: Visa

UK

Job DescriptionThe Model Risk Management (MRM) team at Visa has a mandate to validate business-impactful models firm-wide and more generally to identify, measure, and handle model risk across Visa. The Senior Consultant, Model Risk Management will be responsible for conducting and assisting in model validations of models to strengthen model risk management capabilities at Visa.You will be responsible for:Identifying sources of risk in models. With minimal supervision conduct or assist with conducting validations of quantitative and complex financial models including AI/ML. Thoroughly and comprehensively review all model components and developmental evidence. Responsible for providing and documenting effective challenges to conceptual soundness of models and conducting quantitative analytics.Maintaining detailed and comprehensive records of validation projects through work papers and other acceptable project artifacts.Tracking and reviewing model performance monitoring results. Review evidence for closure of model validation findings.Building strong working relationships with key model stakeholders, in particular, model developers and users.Supporting activities of Model Risk Management Working Group in determining agenda, meeting minutes, etc.Keeping abreast of new modeling techniques by actively attending training sessions/courses.Developing code libraries for routine tasks to increase efficiency of all validators.Providing input and train all Model stakeholders in the MRM procedures and use of the GRC tool, Global Risk Oversight tool (GoRO).This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.