Market Risk Management Role - Financial Services

Our client is one of the global financial services groups which provides industry focused services for clients across geographies. We are currently looking for a skilled professional to join their Risk Management Team in Mumbai.

Some of the key responsibilities will include:

- Spearhead the development and periodic update of prototype models focusing on Market Risk and Counterparty Credit Risk. Ensure models are in line with the latest regulatory and internal guidelines.

- Play a critical role in implementing stress testing models into the strategic risk system. From methodology development, prototype building, drafting technical business requirement documents, conducting model testing, and ensuring regulatory compliance.

- Conduct firm-wide analysis to assess the impact of stress testing models and support quantitative impact studies (QIS).

- Provide support to the Model Validation Group/Audit team during the validation process, including managing ongoing model changes.

To be eligible for this role you will require:

- Graduation in BSc (Mathematics/ Stats), Engineering (with finance as a minor), MBA - Finance, or related Engineering Discipline.

- Possess 1-3 years of experience in Market Risk or Credit Risk, with a solid understanding of risk modeling.

- Demonstrate a good grasp of mathematical concepts such as probability, statistics, calculus, and linear algebra. Familiarity with financial products like Bonds and Derivatives is essential.

- Proficient in Python, SQL, MATLAB, and VBA.

- Candidates with Actuarial qualifications (having cleared at least 3 CT papers) or certifications like FRM, PRM, or CFA will have an added advantage.