VP Model Risk / Validation

Mizuho America’s Model Risk Management is the firm’s second line of defense tasked with managing model risk generated via the firm’s various entities and corporate functions. The group is tasked with establishing and implementing an SR 11-7 consistent risk management framework by which the firm’s model inventory is effectively challenged and validated.

Requirements

• Provide independent review and validation of derivatives pricing models and their downstream usages
• Evaluate models based on data, parameters, design, and methodology
• Assess model assumptions and limitations
• Communicate validation results with internal audiences
• Support tracking of corrective action plans for models
• Work with model owners, developers, and users to ensure models are operating within the framework of the Mizuho Americas Model Risk Management Policy

Benefits

• Medical, Dental, and 401K plans
• Discretionary bonus