PayPal Manager Model Risk Management Luxembourg, Luxembourg 285110529
Objectives of the job
Global RiskModel Risk Managementwithin our Global Risk organization, you will drive execution on keyrisk management workstreams,ensuring effective oversight and being involved in all stages of model development, review,and performance monitoring, as well as contributing to building sound risk culture within the Bank.
Deliverables and key activities
Key activities of the role include:
Ensure implementation of the Bank’s Model Risk Management framework and policy, establishing sound governance processes andoversight of all processes related to development, implementation and review of models. Creditmodels, stress testingmodels,and other models will be covered by the role.
Serve as second line oversight function, maintain active involvement at all stages of model design, implementation, validation and ongoing monitoring ensuringactive challenge of model design and assumptions
Work closely with local ang global stkeholders to ensure compliance ofmodelmanagement withEU and Luxembourg retgulatory requirements
Participate in PPEU governance forums,providign updates related to model lifecycle
Maintain model risk inventoryfor the entity,ensure validation in line with model risk ratings and remediation of any model-related findings or improvements
In addition to model-related responsibilities, the role will support definition of stress testing assumptions forPPEU and enterprise stress testsas well as execution of stress testing program
Requirements
years in a similar position in a regulated entity or consultancy
Strong knowledge of credit models and experience with model design or validation
RM or similar professional certification is a strong plus
Strong knowledge ofEUand local Luxembourg regulations
Ability to work in a dynamic work environment, prioritize tasks andestablishstrong working relationships with a variety of stakeholders
Our Benefits:
Any general requests for consideration of your skills, please
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