int(8252)
Mumbai, India

Quantitative Risk Management – Model Validation

Multiple openings with a leading Global Investment Banks who are keen to hire a Model

Risk Developer / Validator in Mumbai. Hence, actively looking to hire candidates with at least 3-6 years of hands-on risk modelling or Validation (market risk/FTRB) within an investment bank or associated consulting firms.

We’re looking for someone who is eager to perform independent validation of models. This is an excellent platform for personal and professional development within a highly committed and collaborative team in an international and fast-paced environment.

Please contact Adil Sharieff or email your cv directly in word format with job reference number JO0000007759 to riskandquants-in@theedgepartnership.com.

Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days, we regret to inform you that your application for this position was unsuccessful.

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Key responsibilities

  • Review internally and externally developed Risk and Stress Testing models. Projects could involve working on validating market risk, stress testing or counterparty exposure models.
  • Preparation of model review documentation.
  • The current role will specifically look into following areas:
    • Validation of risk models (existing counterparty exposure, VaR models, FRTB IMA developments, FRTB SA CVA) and/or
    • Validation of stress testing models – models used for assessing the stability or business continuity of the business from the viewpoint of capital planning and capital adequacy, liquidity adequacy, recovery and resolution planning.

Role requirements

  • Qualified degree in economics, science, technology, mathematics, engineering.
  • Excellent quantitative and statistical modelling skills.
  • Proven experience of working with R/Python/SAS.
  • Basic understanding of stochastic calculus, numerical techniques for derivatives pricing (Monte Carlo / Finite Difference).
  • Candidate preference to work primarily either on Market Risk or Counterparty Exposure domain can also be accommodated.