Vice President - XVA Model Validation Quant - Financial Institution

VP - XVA Model Validation Quant

Location: Mumbai

Our client, a leading global financial services firm with expertise across Asset Management, Investment Banking, Hedge Funds, Wealth Management, and M&A, is expanding its Model Risk Management (MRM) team. They are seeking a seasoned professional to lead the XVA & IMM Derivatives Pricing Model Validation function.

Key Responsibilities:

- Provide independent review and validation of XVA pricing models in line with MRM policies, regulatory requirements, and industry best practices.

- Assess model conceptual soundness, methodology, limitations, data quality, and ongoing performance.

- Take ownership of end-to-end delivery of Model Validation and related Risk Management deliverables.

- Draft high-quality model review documentation and findings suitable for both internal and external stakeholders (model developers, business unit managers, Audit, global Committees).

- Present and debate validation outcomes with senior management, defending methodologies and addressing challenges.

Required Qualifications & Experience:

- Master's or PhD in a quantitative discipline (Statistics, Mathematics, Physics, Computer Science, Engineering).

- 9+ years of experience in a Model Validation role within a bank or financial institution.

- Background in model validation, model development, or quantitative/technical roles in financial institutions.

- Strong programming skills in Python; exposure to other languages such as R, Scala, MATLAB, etc is an advantage.

- Excellent communication skills - ability to explain complex models, defend viewpoints, and present findings to senior stakeholders.

Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days, we regret to inform you that your application for this position was unsuccessful.