Quantitative Analyst - Model Validation - EQ Quant

Role Purpose (overall high level summary of the role)

- Participate in the implementation of model governance framework

- Ensure model inventory and documentation standards are met

- Conduct ongoing model monitoring and periodic reviews, inventory check in and confirmation to tests and processes

- Periodic review (and where applicable re-validation) of models to ensure standards with regard to model testing are met

- Support hub teams on remediation of models

- Participate in the implementation of automation opportunities

Thus, it in the context of model validation, it will be critical for the incumbent to:

- Keep up to date with industry and academic model research

- Have a strong understanding of pricing models and modelling purpose, challenge of solutions to be fit for purpose or not

- Understand and implement key modelling quality - tests, in an automated tests framework

- Have a good grasp on documentation of complex models

Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

- Proper monitoring and follow up of feedback/requests

- Continuous and proactive interaction with the relevant stakeholders

- First wave of offshoring of Markets Front Office roles so strong support and guidance will be required for the business

- A rapidly changing regulatory environment with extensive impacts on the Markets businesses

- A high risk and sensitive set of functions potentially to be offshored so it is critical there is no negative business or client impact

- Increasing focus on business continuity delivery

- Availability of appropriate resources and conflicting priorities across the business

Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.)

- A degree based on Mathematical Finance from a top tier university

- Experience in pricing model validation function (at least 3 years)

- C++ proficiency

- Scripting and Python experience (preferable)