Freelance PM Model Validation Support Squad Murex (ZZP)

• 36 hours

• 2 days office and the rest is home office

• English requiered

Product Manager Model Validation Support squad Murex. As Product Manager Model Validation Murex you will be the key contact for model validation staff in regards to the Front to Back to Risk Murex platform and its functionalities.

You and your job

Support and represent the Model validation teams and Model owners within the Murex Foundation Services (MFS) area by means of closely working together with both business staff and your colleagues within the area and within the Markets and Treasury tribe. The position of the Murex Model Validation Product Manager is responsible for the coordination of the model validation activities related to the Front to Back to Risk (FtBtR) activities in their transition towards Murex and the Murex production platform itself, across all relevant departments in the value chain, including model owners (Financial Engineering, Risk Methodology), model users (Markets, Treasury, Product Control and Risk Management & Methodology) and the independent model validation teams in RM CIOO (PMV, CALM).

Practical Examples

• Follow up and monitor the backlog for Model validation

• Ensure Model validation approves changes in Murex production

• Support model validation for migrations such as book move, or index transition for internal trades

Top responsibilities

• Support Model validation staff in their day-to-day activities

• Ensure alignment between model validation teams, model owners and the Tribe on planning and priorities

The coordination function is deemed essential for the timely completion and approval (by the PMGC, or Product Model Governance Committee) of model validation requests. Without these approvals, given regulatory dependencies, the FtBtR objectives will not be able to deliver on time.

With the FtBtR objectives as one of significant contributors to the Rock Solid Bank strategy, the opportunity cost to the bank and the Wholesale & Rural division of such delay would be significant. The position requires a skill set that combines knowledge and experience of quantitative modelling in financial markets, the translation of these models into either in-house or vendor based analytics libraries, proven experience with leading quantitative analytics teams, affinity with regulatory regimes around changes in model methodology, and knowledge of financial markets pricing, value-at-risk, XVA and IMM methodologies.

The people in Murex Foundation Services are engaged with an on-going Programme to implement next phases of the Front-to-Back-to-Risk trade processing platform based on the Murex product, replacing a number of current systems. Working together is the way we work; as 1 effective team at the bank.

Talking of the bank: We are a Dutch bank that operates in 38 countries for over 9,5000,000 customers. Together with these customers, our members and partners we stand side by side to create a world in which everyone has access to enough healthy food. In the Netherlands we work to create a country in which people are happy with how they live, work and do business.

You and your talent

• Ability to interact with FO Quants and validation teams

• Strong management and communication skills to manage and interact with different (senior) stakeholders

• Management skills to lead the Model Validation Committee and decision making process

• Hands-on Murex 3.1 expertise

• Murex DataMart experience

• IRD/FXD and Commodities derivatives product and model knowledge

• XVA knowledge

• SQL knowledge

The contracting is done via Yacht broker partner