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26/09 Bharti
Talent Scout at Winfort Services

Views:19685 Applications:594 Rec. Actions:Recruiter Actions:278

Model Validation Role - Banking (1-9 yrs)

Bangalore Job Code: 748122

Role and responsibilities:

- Independently review the models being assigned, fully understand the model theory and model assumption, and verify the formula derivation;

- Develop independent models to validate the model implementation correctness and identify the model shortcoming, assumptions, limitations;

- Communicate the model review findings to model developer and owners. Ensure model limitations are correctly identified, understood, and managed;

- Write high quality model appraisal 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;

Skills required:

- Must have 1+ years of financial modeling experience in one or more financial products like Equity, Interest Rates, FX or Credit risk or PPNR

- Must have one or more of the following areas: Derivative Pricing Models, Traded Risk models, Statistical Models;

- Must have background in financial mathematics knowledge such as stochastic calculus, numerical methods, probability theory, regression, time series analysis

- Knowledge of programming skills in one or more of C/C++, VBA, R, SAS, Matlab, Java;

- Experience of conducting independent model reviews is a plus;

- Fluency in English both spoken and written

Women-friendly workplace:

Maternity and Paternity Benefits

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