Associate Director

Job Description

Quantitative Risk Management Officer

This job conducts independent validations of mathematical and statistical models covering a wide range of financial, economic and actuarial instruments, to minimize risk to the organization. This job contributes to quantitative risk management strategy implementation

• Implements quantitative analysis methods and related technology-based tools to analyze data in order to effectively monitor, measure, and manage investment risks.
• Performs thorough model testing and validation procedures, including back-testing, sensitivity analysis, stress testing, and scenario analysis.
• Documents validation findings, including strengths, weaknesses, limitations, and recommendations for model enhancements or remediation actions.
• Communicates validation results and recommendations to key stakeholders, including model owners, senior management, risk committees, and regulatory authorities.
• Collaborates with model developers, quantitative analysts, risk managers, and other stakeholders to address validation findings and implement model improvements.
• Liaises with business to explain newly developed models and how to limit risk

• University (Degree) Preferred

• 5+ Years Required 7+ Years Preferred

• Physical Requirements: Sedentary Work

9IC

Related Skills

Advanced Mathematics, Communication, Critical Thinking, Data Analysis, Financial Acumen, Financial Modeling, Market/Industry Dynamics, Model Validation, Prioritizes Effectively, Problem Solving, Programming, Quantitative Analysis, Statistics

TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.

Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

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If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

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