Associate Director - Quant Risk Model Validation - Investment Bank

Associate Director - Quant - Risk model Validation - Credit risk / Market risk / Treasury - Investment Bank

Functional Title - Risk Model Validation Specialist 

Location- India 

Function - Category Risk 

Business Divisions - Corporate Center 

City - Mumbai 

Job Type- Full Time

Your role :

Does modeling excite you? Are you an innovative thinker who likes to challenge the status quo? Are you an engaged and motivated personality who likes to understand the big picture? For our independent validation team we- re looking for someone like that who can:

- Carry out project-based independent model assessments in line with the model governance policy, supplementary documents, and regulatory requirements, notably

- Assess the model's conceptual soundness and methodology

- Check appropriateness of input data, the model assumptions and parameters, the accuracy of the model calibration, as well as of qualitative or expert adjustments, etc.

- Review outcome, impact, or benchmark analyses or develop a benchmark model (as appropriate)

- Assess model risk, perform model robustness analysis, and identify and evaluate model limitations

- Document the assessment to required standards

- interact and discuss with stakeholders (model developers as well as senior model owner and model governance bodies)

- Collaborate with model developers in order to safeguard quality of risk models

Your team Your team -

You'll be working in the Model Risk Management & control team. Our role is to validate risk models developed in-house and externally by providers and safeguard quality of these risk models.

Your experience and skills :

Your experience and skills You have:

- A Master's or PhD degree in financial mathematics, statistics, econometrics, or a related quantitative field

- Proven experience in risk modelling or model validation, e.g. of market risk, business risk, stress.

- The ability to apply quantitative techniques to solve practical problems

- An understanding of financial markets, regulatory landscape, and financial accounting

- Very good communication skills and the ability to explain technical topics clearly and intuitively, both written and orally

You are :

- Proficient in econometric models and statistical modeling software (e.g., Matlab, R, SAS, STATA)

- Co-operative and team-orientated, while being able to motivate and organize yourself and complete tasks independently to high quality standards

- Fluent in English, oral and written

What we offer Together. That's how we do things. We offer people around the world a supportive, challenging and diverse working environment. We value your passion and commitment, and reward your performance.

Keen to achieve the work-life agility that you desire? We're open to discussing how this could work for you (and us).