Junior/Senior Model Risk Management - Quant - Investment Bank

We have an opening with one the leading investment bank for Sr & Jr. MRM Quant for Mumbai location .

We Offer :

As a part of Model Risk Management the candidate will get exposure to modelling 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. The diversity of projects available within this role offers the chance for team members to gain a broad range of risk model experience, but also to specialize if preferred. Opportunities to present results to stakeholders as well as peers are numerous, allowing the candidate to widen and develop their network and reputation

Role Description :

The successful candidate will :

- Participate in independent validation reviews across a wide range of core Risk Capital and CCAR models used throughout the bank, meeting business needs and regulatory expectations, with responsibility for investigating key aspects of each model under review: choice of modelling 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.

- Be expected to 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.

Essential :

- Candidates for the role in the MRM team are expected to hold a first degree in a quantitative discipline, eg. Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD.

- Experience in financial modelling. Hands-on experience of risk and capital modeling, derivatives pricing and broader financial modeling is desirable, but regardless of experience all candidates should be able to demonstrate an understanding of capital modeling, financial and derivative products and mathematics, from private study if they have not previously worked in the financial sector.

- Client focus and the ability to communicate effectively with senior stakeholders, including the ability to explain complex topics to a diverse range of audiences.

- Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results to strict deadlines.

Desirable :

- Experience in data management and analysis or in Front Office IT would be an advantage.

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

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Tejashree Waradkar
Senior Consultant
Black Turtle.
A-405, 4th Floor, KIC -Parksite, Vikhroli(West), Mumbai 400079,India
Dir No: +91 22 66848548|