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10/02 Bharti
Talent Scout at Winfort Services

Views:981 Applications:197 Rec. Actions:Recruiter Actions:91

Assistant Vice President - Model Validation - Banking (8-15 yrs)

Bangalore Job Code: 890991

Role and responsibilities :

- Independently review the models being assigned, fully understand the model theory and model assumption, and verify the formula derivation;

- Develop independent models to validate the model implementation correctness and identify the model shortcoming, assumptions, limitations;

- Communicate the model review findings to model developer and owners. Ensure model limitations are correctly identified, understood, and managed;

- Write high quality model appraisal reports, including conclusion, recommendation, detail analysis in model theory, formula, and testing;

- Participate in model control, governance, and monitoring. Assist in reporting requirements, producing detailed updates for Model Oversight Committees, Senior Internal Stakeholder Groups and Regulators;

Skills required :

- Must have 7+ years of financial modeling experience in one or more financial products like Equity, Interest Rates, FX or Credit risk or PPNR

- Must have one or more of the following areas : Derivative Pricing Models, Traded Risk models, Statistical Models;

- Must have background in financial mathematics knowledge such as stochastic calculus, numerical methods, probability theory, regression, time series analysis

- Knowledge of programming skills in one or more of C/C++, VBA, R, SAS, Matlab, Java;

- Experience of conducting independent model reviews is a plus;

- Fluency in English both spoken and written

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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