Associate/Senior Associate - Counterparty Credit Risk - Model Development/Validation

Counterparty Credit risk - Associate (Model development / validation) (3-6 yrs)

Position Title : Associate / Senior Associate - Risk Methodology (Credit Risk Analytics)

Experience: 3-6 years

Qualification: Master's in a quantitative discipline (B.E./B.Tech + M.Tech, MSc in Mathematics/Statistics, Econometrics) - Tier 1 college

Role Overview:

- This role is focused on counterparty credit risk model development and performance review.

- The successful candidate will support the execution and maintenance of the Model Performance Monitoring (MPM) framework, quantify model limitation impacts, and prepare documentation that meets regulatory guidelines.

- Additional responsibilities include supporting model validation and audit queries, conducting data analysis and reporting, building model performance trackers and dashboards, and assisting with the implementation of risk models into strategic risk systems.

- The role also involves collaborating with Risk IT, writing technical business requirements, performing model testing, ensuring regulatory compliance, and supporting regulatory reviews and inspections.

Key Skills:

- Experience in developing or validating counterparty credit risk models; familiarity with regulatory landscape

- Basic understanding of stochastic calculus, derivative pricing, and Monte Carlo simulation

- Proficiency in Python and Excel VBA

- Strong verbal and written communication skills

- Organisational skills, multi-tasking, and detail orientation

- Delivery-focused with ability to work under pressure and meet tight deadlines