Are you ready to lead from the front in a high-impact quantitative risk role ?

We are looking for a seasoned professional to drive model validation initiatives across pricing and counterparty credit risk models within a global banking environment.

This is a hands-on leadership role with responsibility for both technical delivery and team management.

Key Responsibilities:

Independently validate derivative pricing models (Interest Rates, Credit, Equities, FX) and/or counterparty credit risk models (XVA, PFE/EPE, CVA, IMM)

Perform end-to-end model validation, including:

- Methodology review

- Model assumptions & limitations

- Calibration techniques

- Implementation logic & numerical robustness

Design and execute independent validation tests:

- Sensitivity analysis

- Stress testing

- Backtesting

- Benchmarking vs alternative models / market practices

- Ensure compliance with model risk management frameworks and regulatory expectations

- Collaborate with Front Office, Risk, Model Development, and Technology teams to challenge and enhance models while maintaining independence

- Prepare validation reports for senior management, auditors, and regulators

- Support regulatory reviews and examinations

Oversee model lifecycle governance:

- Inventory & classification

- Periodic reviews

- Performance monitoring

- Issue tracking & remediation

- Lead and mentor a team (2-3 quants) ensuring quality and timely delivery

- Work closely with global stakeholders across regions

Candidate Profile:

6-10 years of experience in:

- Model Validation

- Quantitative Model Development

- Front Office Quant roles (Banking / Financial Institutions)

Strong expertise in:

- Derivative pricing models and/or

- Counterparty credit risk models

- Solid foundation in quantitative finance & advanced mathematics (including stochastic calculus)

Hands-on experience in:

- Model methodologies & calibration

- Model validation techniques

- Challenging model design and outputs

Familiarity with regulatory frameworks such as:

- SR 11-7

- OCC 2011-12

- Basel guidelines

Proficiency in at least one programming language:

- Python / C++ / MATLAB / R

- Strong communication skills with experience engaging senior stakeholders

- Prior experience in leading validation projects or mentoring teams

Education:

Master's or PhD in:

- Quantitative Finance

- Mathematics / Statistics

- Physics / Engineering

- Or related quantitative discipline

Why This Role?

- High visibility role with global exposure

- Opportunity to work across multiple asset classes

- Blend of hands-on quant work + leadership responsibility

- Strong career growth in a critical risk function