Risk Analyst, Banking in London

We are looking for a new member to join our Rates team in the Model Risk Governance and Review Group which is responsible for end-to-end model risk management across the firm. As a Quant Model Risk Associate in our Model Risk Governance and Review team, you will assess and help mitigate the model risk of complex models used in the context of valuation, risk measurement, the calculation of capital, and more broadly for decision-making purposes. Additionally, you will have an opportunity for exposure to a variety of business and functional area as well as will work closely with model developers and users. assess model behavior and suitability of pricing models/engines to particular products/structuresProvides guidance on model usage and act as first point of contact for the business on all new models and changes to existing modelsDevelop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metricsLiaises with model developers, Risk and Valuation Control Groups and provide guidance on model riskEvaluates model performance on a regular basisRequired qualifications, capabilities, and skillsExcellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysisMSc, PhD or equivalent in a quantitative disciplineInquisitive nature, ability to ask right questions and escalate issuesExcellent communication skills (written and verbal)Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives)Good coding skills, for example in C/C++ or PythonPreferred qualifications, capabilities, and skillsThe following additional items will be considered but are not required for this role: Experience with Rates derivativesExperience in a FO or model risk quantitative role.Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation. Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success. Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.