Senior Analyst/Associate - Model Validation - Investment Bank

Company : Leading Global Investment Bank

Location : Mumbai

Experience : 1-4 years of experience

About the role :

As a part of Model Risk Management the candidate will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management.

Job Description :

- Lead and manage independent validation reviews across a wide range of core Risk Capital or other business-impactful models used throughout the bank.

- Meet business needs and regulatory expectations with responsibility for investigating key aspects of each model under review: choice of modeling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.

- Demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

- The truly global scope of model risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, investigating model risk and model governance standards and performing detailed validation of risk models.

Desired Profile :

- Strong quantitative background

- Top notch education in Quantitative discipline, e.g. Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD

- Extensive experience in financial modeling and/or model validation. Hands-on experience of risk and capital modeling, derivatives pricing and broader financial modeling

- Experience of managing/leading teams, ideally in the context of model validation and/or financial modeling

- Good knowledge including programming experience of software applications such as R, Matlab, SQL and SAS.