jobseeker Logo
Now Apply on the Go!
Download iimjobs Jobseeker App and get a seamless experience for your job-hunting
22/11 Kumari Komal
Management Trainee at Genpact

Views:1474 Applications:214 Rec. Actions:Recruiter Actions:31

Genpact - Assistant Manager/Manager/Senior Manager - Market Risk Model Validation (2-10 yrs)

Gurgaon/Gurugram/Kolkata/Delhi NCR/Delhi/Bangalore Job Code: 1183838

Inviting applications for Market Risk Model Validation role - AM/M/SM

- With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world's biggest brands-and we have fun doing it. Now, we're calling all you rule-breakers and risk-takers who see the world differently and are bold enough to reinvent it. Come, transform with us.

Are you the one we are looking for?

- We are inviting applications for the role of, Model Validation

- In this role, you will be responsible for independent model validation

Responsibilities :

- You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models as necessary.

- It will also involve interaction with various stakeholder groups including model development, model owners/lines of business, auditors and client model validators.

- You will be expected to bring in thought leadership and domain/quantitative best practices to present effective challenge to the models.

- Your activities will include, but will not be limited to the following

- End-to-end independent validation of derivatives pricing models or market risk models (like VaR and SVaR)

- Assess the models conceptually and quantitatively to ensure the model is suitable for the stated use

- Conduct necessary assessments to challenge the model effectively. Assess adequacy of model documentation in line with regulatory guidelines

- Identification tests and evaluation of test result to challenge model methodology, assumptions, limitations, effectiveness, etc.

- Assessment of the model monitoring and implementation process

- Prepare model validation report summarizing findings and provide recommendations

Qualifications we seek in you :

Minimum qualifications :

- Post-graduate degree / diploma in any of Finance, Financial Engineering, Quantitative Finance from reputed institutes.

- Post-graduate degree / diploma in any of Statistics, Mathematics, Economics / Econometrics, Physics from reputed institutes with courses in Financial Engineering.

- Undergraduate degree in Engineering from reputed institutes with courses in Financial Engineering and FRM / CQF certified.

- Relevant experience in BFS analytics Market Risk model validation trading products valuation model validation

- Knowledge of various statistical techniques and proven skill in mathematical modelling (Black Scholes, Hull & White, Vasicek, SABR Etc.)

- Good understanding and experience in at least one of the regulatory risk modeling / validation guidelines - SR 11-7, FRTB, Stress Testing, Basel III IMA, CAR: Chapter 9,etc.

- Exposure to (as an user or a data consumer) any treasury system such as Murex, Calypso, FIS Adaptiv, etc. or market data providers such as Bloomberg and Reuters.

- Working knowledge of Excel, Python/R in this field

- Strong networking, negotiation and influencing skills

- Good communication/presentation skills - written & verbal.

- Self-driven, proactive, "can-do" attitude. Ability to work under ambiguity and with minimal supervision.

Preferred qualifications :

- FRM or CQF is a plus

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit Follow us on Twitter, Facebook, LinkedIn, and YouTube.

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

Add a note
Something suspicious? Report this job posting.