Associate - Market Risk Model Validation

Associate- Market Risk Model Validation

Discipline - Banking

Subsector - Risk Management

Location - Delhi NCR

About our Client - Our client is a leading financial services organization with operations in more than 45 countries worldwide. They are an esteemed brand within the industry and always strive to recruit the best talent in the industry. With the current expansion in their global operations, they are looking for to hire an experienced professional.

Job Description - Reporting into the Market Risk lead, your key responsibilities shall include:

- Development and validation of quantitative models both financial and non-financial focused on, but not limited to stress testing, security valuation, interest rate modeling

- Employ robust model development efforts to ensure production of high-quality models

- Coordinate and support subsequent model validation efforts

- Create, review, and update robust and comprehensive model documentation (methodology guide, user guide, policy documents, etc.), partnering with model administrators, model users to ensure that the risks inherent in model development and usage are properly identified and managed

- Analyze complex quantitative models, draws appropriate conclusions and makes recommendations to management.

- Ensure the Bank's model risk management efforts meet industry best practices and regulatory requirements.

The Successful Candidate - Master's degree or Ph.D. in Economics, Statistics, Financial Engineering with an emphasis on quantitative risk or valuation modeling; additional professional credentials such as FRM, CFA, or PRM are desirable

- At least 5 years experience of designing, enhancing, and implementing valuation and risk models/analytics across a range of asset types including fixed income securities, structured products, and whole loans.

- Extensive knowledge of market risk, credit risk, and counterparty credit risk methodologies

- Extensive background in econometric modeling (regression analysis, time-series modeling, volatility models, cross-sectional models, multivariate models, and Monte-Carlo simulation); knowledge of MatLab, VBA, Bloomberg, and Intex (desirable)

What's on Offer - Excellent work life balance in a very meritocratic culture with leading MNC. This role would offer you variation, stability and career progression in addition to a highly competitive compensation.

The Apply Button will redirect you to Michael Page's website. Please apply there as well.