Independent Model Review - To work as part of the IMR function in the delivery of Model validation - Independently review the models being assigned, fully understand the model theory, model assumption, and validate the model building, build challenger models, provide challenge on the model performance etc. - Effectively corroborate business intuition and expertise with the theoretical framework applied/ results derived from the models. - Develop independent challenger models to validate the model implementation correctness and identify the model shortcoming, assumptions, limitations - Communicate the model review findings to model developers and owners. Ensure model limitations are correctly identified, understood, and managed - Write high-quality model validation reports, including conclusion, recommendation, detail analysis in model theory, formula, and testing - Participate in model control, governance, and monitoring. Assist in reporting requirements, producing detailed updates for Model Oversight Committees, Senior Internal Stakeholder Groups and Regulators - Work with Senior Managers across IMR to build relationships with Model Developers / Owners. - Lead a team of junior analysts (for GCB 5+ roles) and be responsible for team management/ project management and Desired Candidate Profile - Masters/PhD degree in Mathematics/Statistics or any other quantitative domain. - Must have proven experience of financial modeling experience in model Validation/ model Development of quantitative models. - Strong knowledge of financial instruments in one or more asset class like Equity, Interest Rates, FX or Credit. (For Markets team). - Strong working knowledge of one or more statistical and mathematical programming languages (for e.g. R, SAS, Python, MATLAB) - Understanding of risk measures like VaR, Expected Shortfall etc. (For Market Risk) - Must have worked on one or more of the following areas: Derivative Pricing Models, Traded Risk models, Product Control, VaR. - In depth understanding of financial mathematics including Stochastic Calculus, Asset Pricing, Numerical methods, probability theory, time series analysis (For Market Risk)

Bangalore

Market Risk Role - Independent Model Review - BFSI 

Market Risk Role - Independent Model Review - BFSI  ,Job Description for Market Risk Role - Independent Model Review - BFSI  in CareerNet Consulting in  Bangalore for (5-9) years of experience. Apply Now!

Job Description for Market Risk Role - Independent Model Review - BFSI  in CareerNet Consulting in  Bangalore for (5-9) years of experience. Apply Now!