Principal, Quantitative Risk Management

Employer
E*TRADE Financial
Location
Arlington, VA
Posted
Sep 20, 2020
Closes
Sep 29, 2020
Ref
1228117308
Hours
Full Time
Who We AreMore than 30 years ago, E*TRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.About the RolePOSITION DESCRIPTION: E*TRADE Financial Corporation has multiple openings (all levels/types) for Principal, Quantitative Risk Management positions in Arlington, VA and various, unanticipated sites throughout the US Job Duties: Perform end-to-end validations of a variety of models; perform end-to-end validations identifying the key risks associated with a model, planning a risk-based validation approach and scope, designing and conducting validation tests, recognizing gaps in model risk management and governance, and drafting a model validation report that details validation scope, testing approach, test results, findings and conclusions; understand the business area and function that uses the model, and the impact of the model output on the business decisions; test inputs, implications of assumptions, framework, methodology, outputs, usage, performance, implementation, execution controls and limitations of the model being validated; assess model risk governance through review of model documentation, and business policy and procedure; form conclusions on the propriety of the model for its intended use(s) and model governance; track the resolution and remediation of validation findings; track the ongoing performance of models and report observations to management; and perform periodic model assessments and classifications.QualificationsRequirements: Employer will accept Master's degree in Econometrics, Finance, Mathematics, Engineering, or related field; and three years of work experience in job offered or three years of work experience in a related occupation. This position also requires one year of experience with each of the following: experience in validating or developing credit risk, market risk models; experience performing statistical, econometric, and quantitative analysis; experience dealing with large datasets; experience with financial services or banking sector; experience with the following statistical software packages: MATLAB, VBA, SAS, and R; experience with programming language Python; and experience with OCC 2011-12 and SR 11-7 guidance on model risk management.A' Must be available to work on projects at various, unanticipated sites throughout the United States.We offer a competitive and comprehensive benefits package. Please visitA' to learn more about the opportunities.E*TRADE Financial is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable law.Job SummaryRequisition ID: 2020-15193Professional Area: Risk Management