Quantitative Finance Analyst - Independent Risk & Control Function

The candidate will be responsible for a broad range of model validation activities, including:

- Review, critical assessment and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation and documentation

- Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation

- Review and critical assessment of ongoing model monitoring activities

- Writing of technical reports for distribution and presentation to model developers, senior management, audit and banking regulators

- Coaching of junior staff members while leading validation projects.

Requirements:

- Education: Masters or Ph. D. degree in Statistics, Mathematics, Financial Mathematics, Economics, Computational Finance, Engineering Physics etc.

- E Statistical Institutes etc.

- Certifications (preferred but not mandatory): FRM, CFA etc.

- Experience Range: 5 - 7 years

- Foundational skills:

- Minimum of 2 or more years of experience in the quantitative modelling and/or validation field

- Strong Quantitative skills

- Strong foundation in Mathematics, mainly Probability theory, calculus and linear algebra

- Proficient in statistical analysis and modelling

- Expertise in cross-sectional and time-series econometric

- Experience with retail products including mortgage, credit card and auto loans

- Experience with statistical regression and/or forecasting models

- Strong knowledge of financial instruments and financial risk management principles

- Strong programming experience using SAS, R and/or MATLAB

- Strong Written and Oral Communication

- Ability to follow up with issues and summarize discussions

- Ability to communicate clearly, effectively, and work well with people at all levels

- Attention to details

- Willingness to learn

- Strong work ethic

- Team player

- Desired skills:

- Familiarity with applicable regulatory guidance on model risk management, stress testing, and Basel requirements

- Speaking / presentation skills in a professional setting

- Ability to communicate clearly and effectively, and influence others

- Ability to produce high quality technical documentation

Work Timings: 12 PM - 9 PM IST

Job Location: Mumbai / Guru gram