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12/07 Tejashree W
Recruitment Specialist - Investment Banking at Black Turtle

Views:3729 Applications:67 Rec. Actions:Recruiter Actions:16

Vice President - Market Risk/Model Validation - Investment Bank (10-20 yrs)

Mumbai Job Code: 719980

We have an opening for Ib based in Mumbai for VP - Market Risk - Model Validation.

The successful candidate will be responsible for :

- Develop methodologies, algorithms and diagnostic tools for testing model robustness, stability and performance.

- Perform reliability analysis and quality control of modeling data and model results.

- Develop and maintain technical documentation for default likelihood and rating migration methodologies and applications; including project plans, model descriptions, mathematical derivations, data analysis, process and quality controls.

- Participate in the implementation of analytical tools by reporting functions, and the migration of models to the production environment.

- Engage business risk managers, clients and partners in the analysis and interpretation of results, incorporating their feedback as appropriate into models.

- Provide timely and accurate response to clients, partners and management.

- Participate in discussions with model validation, internal and external audits and regulatory reviews.

- Prepare and delivering training materials, presentations and reports on credit risk analytics for technical and non-technical audiences.

Qualifications

- Minimum of a Master's degree in quantitative field (e.g. mathematics, physics, statistics, engineering, economics, finance, financial engineering, etc.) with 3+years of relevant experience.

- Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second Master's degree, CPA or CFA

- Solid programming skills and experience with statistical and data analysis, modeling techniques and numerical implementations. More specifically experience in C/C++, Java, SAS, Python, R and Perl, shell scripts, UNIX, VBA and basic database skills in either Oracle or Sybase/SQL.

- Experience in quantitative finance or a related field, analyzing large and complex data sets, data reliability analysis, quality controls and data processing preferred.

- Keen interest in banking and finance, especially in the field of Risk Management.

- Experience of one or more of the following is an advantage but not essential: derivative pricing and exotic products; risk management practices and procedures; numerical methods; Monte Carlo simulations; statistical hypotheses testing; banking-book products, risk analytics for wholesale stress testing for credit portfolios, credit risk modeling and risk management or related areas.

- Basic understanding of financial products in the trading book (equity, fixed income, derivatives, etc.) and their market drivers (price, interest rates, implied volatilities). Basic understanding of the Value-at-Risk (VaR) model and historical simulation framework.

- Excellent written and verbal communication skills, and ability to discuss technical issues with clients, peers, auditors, regulators and senior management.

- Proven experience in developing and maintaining detailed technical documentation for models, model validation, project plans and processes.

- Accountable for end-to-end deliverables. Ability to meet deadlines for product deliverables in a timely, proactive and entrepreneurial manor.

- Strong interpersonal skills and the ability to foster a collaborative environment

- Organized, disciplined and detail oriented with sound problem-solving skills, and the ability to think creatively.

If you find it suitable or if you have any reference for this position, Kindly share CV with Below details :

Current Company:
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Handling a team of:

Tejashree Waradkar
Recruitment Consultant @ Black Turtle
Dir: +9122 66848569 / Mobile Number - 8454843560

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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