Ayelet Somech Gal

Experience

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  Oved Gubi & Co. Financial Consultants

  Oct 2004 - Jan 2007

  Economist- Risk management

  Analyzing market risks for banks and insurance companies, examining exposures by investment types ( bonds, deposits, credit derivatives etc).Building models for market risk measurement in insurance companies by the guidance of Prof. Zvi Wiener.Implementing financial risk management system and guiding customers how to use the system.

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  EY

  Feb 2007 - Mar 2008

  Economist- Risk management

  Implementing risk management regulations in insurance companies and pension funds. Working on a verity of projects including mapping and assessing the potential financial and insurance risks.

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  Paretix

  Apr 2008 - May 2009

  Economist- Risk management

  Basel II regulation- implementing the Basel II accord using standard approach. Implementing algorithmics risk management system and performing acceptance tests.

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  Mizrahi-Tefahot Bank

  Jun 2009 - now

  Validating Credit, Financial and Business models - Behavioral (PD, LGD), expert models for retail, mortgage and corporate credit, VaR, OTC derivatives, interest rate curves, profitability models and compliance. High proficiency in Excel and frequent communication and coordination with abroad branches.My responsibilities include:- Assessing and quantifying the Model risk rating creating risk heat map.- Defining ongoing monitoring process for assessing the performance of the models (Back Testing).- Adopting and implementing regulation such as Basel accord and OCC.- Oversee and participate in bank-related inner-organizational processes, ensuring compliance and regulation requirements are met throughout the model life cycle (MRM).- Periodically reporting to management, ensuring awareness to the model strengths and limitations. Show less

  • Model Validation Specialist

    Jun 2014 - now

  • ICAAP Product Manager

    Jun 2009 - May 2014