Associate/AVP/VP - Risk Model Validation - Investment Bank

We are currently hiring on the behalf of a leading investment bank based out of London with offices in Mumbai and Bangalore. Financial Institution is looking out for candidates with strong analytical skills and people with a strong modelling background.

Core responsibilities:

- Engage in new risk model validation catering to various asset class Equities/FX /Fixed Income/Rates

- Perform additional model review activities ranging from proposed enhancements to existing models, extensions to scope of existing models, use of approximate bookings, to providing transaction-specific approvals.

- Maintain model risk control apparatus of the bank for the coverage area & serve as first point of contact

- Understand each model in detail and liaise with the London and New York team to validate those models on various trades performed by front office

- Understanding of various assumptions and nuances in the model and ensuring that the output of those models are accurate with acceptable error

Essential skills, experience, and qualifications:

- Strong quantitative & analytical skills: The role requires a strong quantitative background based on a PhD or Masters Degree (or equivalent) in a quantitative discipline such as Mathematics, Statistics

- Prior 3-8 years of experience in any of the following areas: Quantitative Model Development, Model Validation, Quantitatively driven Trading or Structuring, and Bank Portfolio Management

- MSc or PhD in a quantitative discipline such as Mathematics, Physics, or Computing etc

- Proficiency using C++/Python to implement derivatives pricing models

- Quant Background

- Willing to collaborate and share knowledge

Financial institution is looking at positions across all verticals - Associate/AVP/VP