Full Description

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together. The Model Validation – Senior Quantitative Analyst is a member of the Model Risk Management team, within the Group Risk Management and Assurance unit (CRO) and is responsible to perform independent technical validations on non-financial models (e.g. Compliance, Machine Learning/Artificial Intelligence/gen AI) as well as financial models (e.g. Stress Testing, Liquidity/ALM, Credit Risk, Market Risk, Investment/Research). YOUR CHALLENGE Perform independent validation of models, in accordance with a multi-annual review plan. This includes: testing of the model’s assumptions (including expert-based judgements), conceptual soundness, robust implementation, appropriateness of input data, model parameters, and their calibration accuracy (through statistical techniques, development of benchmark models and data analysis), reviewing the governance around the model, its usage, and its documentation identification and evaluation of model limitations, and assessment of overall model risk, including assigning a model risk rating production and delivery of high-quality model validation reports to evidence a sound challenge and risk-oriented validation findings Supervise a small team of junior model validation quantitative analysists, in their day-to-day model validation and model governance tasks Track and verify model risk mitigation activities and ensure adequate oversight over models through their lifecycle Monitor model performance indicators along standardized risk metrics Build strong relationships and interact with model owners, developers, users, subject matter experts and Risk Management functions both at headquarter in Zurich and in foreign locations YOUR PROFILE Higher university degree in a quantitative area (Mathematics, Statistics, Economics, Physics, Engineering, Quantitative Finance, Data / Computer Science), Master or PhD level, FRM or PRM is an advantage Profound knowledge and hands-on experience in validating financial (market, credit, liquidity risk etc.) and/or non-financial models (Compliance, Information Security etc.) and use cases for Large Language Models (generative AI) and/or Machine Learning models (predictive AI) Expertise in data assembling and analysis, computational statistics, anomaly detection, AI/ML, understanding of ML Ops. Strong programming skills (e.g., Python, R, VBA, JAVA, SQL, …) to be able to implement own testing code to challenge the to-be-validated model Strong problem-solving and analytical skills, with the ability to think critically and creatively about complex challenges Results-oriented individual with outstanding interpersonal skills, written and verbal communication skills, proficiency in English. Fluency in German is an additional asset Focused on stakeholders, can communicate impactfully with business partners and explain technical and complex themes to a diverse range of audiences including senior management As part of your application, please ensure your cover letter includes the following: A brief statement describing one of the most challenging problems you have encountered related to model validation, including details on the context, your analytical approach, and the solution implemented For areas where you identify strong alignment with the role’s requirements, we encourage you to provide specific, concrete examples from your professional experience that demonstrate your expertise and achievements This will help us better understand your technical depth, problem-solving ability, and relevance to the responsibilities of the position. We are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our Career site. Is this not quite what you are looking for? Set up a job alert by creating a candidate account here. The international reference in wealth management Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them – in their business and personal life, today and for future generations. Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo. Why join Julius Baer? At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders. With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners. Committed to your success Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes. For more information visit www.juliusbaer.com or contact us via the Contact Form. For recruiting agents, please see the additional information here.