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Thoughts on Model Risk roles

Thoughts on Model Risk roles published on No Comments on Thoughts on Model Risk roles

If you are an applied mathematics PhD and looking for jobs, I would recommend looking into model risk roles at a bank. These jobs are also called model validator roles. I would say they are the “academic” jobs in a corporate world.

The main role for these jobs is to look at the conceptual soundness of models used by banks and validate them, challenge them, stretch them, etc. I found this was kind of similar to what I did during my PhD study, which was a nice thing to have in a job after graduation.

Model development roles are also available sometimes at banks, which are as the title sounds–building models, but these roles I found are a bit rarer and require more coding/software engineering experience.

So, give it a try, and let me know what you think or if you have questions!

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