Associate - Model Risk - Investment Bank

Associate - Model Risk - Investment Bank - Gurgaon

Job description : An individual will work as part of the Market Risk model validation team responsible for keeping business groups informed regarding key model dependencies and developing issues.

Description :

As an Individual, you'll work as part of the Market Risk model validation team responsible for keeping all heads of risk and individual business groups informed regarding key model dependencies and developing issues. The group interacts regularly with several groups including : Model Review, the relevant trading desk(s), VCG/Product Controllers, Market Risk, Model Development, and Audit.

Responsibilities :

- Control of model risk by ensuring that the model exposure, market conditions, model limitations, and scope of usage are not materially different from the approved model

- Work with other coverage partners such as Model Review Group, Market Risk, Finance, Tech, and Audit to ensure that model risk is understood, captured, monitored, and managed

- Work across organizational units to ensure consistent model application and consistency of assumptions

- Assist in the assessment of model performance and reviews and progress on action items. Provide inputs into model policy and line of business procedures

Requirements :

- Very strong quantitative skills

- At a minimum, undergraduate degree in Engineering, Physics, Mathematics or a quantitative science

- Some experience in risk at a financial services institution strongly preferred

- Excellent communications skills - verbal and written

- Team work oriented - active collaborator and self-starting individual

- Strong organizational and project management skills

- Risk and Control mindset

- Ability to ask right questions and escalate issues to relevant stakeholders