Market Risk Model Validation Role

Key Sills: market risk models, python , derivative pricing( fixed income, equities, ), FX, stochastic calculus, masters from Premier college/university, 3-7 years - Plss mention/highlight the same in your resume

- Strong python and model validation

Location: Bangalore

Masters degree from TIER1 ONLY (NO MBAs, ONLY MA, MS, M Tech)

Essential Skills:

- 5-8 years of experience with minimum Masters/Phd in a quantitative field such as applied math, statistics, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis

- Performing model validations and clearly documenting evidence of validation activities

- Develop benchmarking and alternative models in Python/SAS

- Providing effective challenge to models developed in/for the lines of business, including identifying conceptual weaknesses in a model and understanding tradeoffs with other approaches

- Managing and mitigating model risk to meet or exceed regulatory and industry standards

- Providing leadership and consultation to less experienced validators and business partners

- Communicating model risk findings and limitations to key stakeholders

- Contributing to the improvement of model building and model use practices

- Providing analytical support and offering insights regarding a wide array of business initiatives

- Interacting with senior management and regulators on key modeling issues, including the identification, management, and mitigation of model risk

- Proactively following the industry trend to apply and develop new technology to improve efficiency

Desired Skills:

- Strong mathematical, statistical, analytical and computational skills

- Able to demonstrate first-hand knowledge of advanced topics in various mathematical and numerical methods such as Monte Carlo, stochastic calculus, differential equations, linear algebra, applied probability, statistics and machine learning knowledge

- Eagerness and ability to learn new technologies and programming languages

- Strong communication skills for a variety of audiences (other technical staff, senior management and regulators) both verbally and in writing

- Capability to multi-task and finish work within strict timelines and provide timely requests for information and follow-up questions

- Ability to work independently on complex model validations from start to finish

- Skill in managing relationships with key model stakeholders

- Eagerness to contribute collaboratively on projects and discussions

- Perpetual interest in learning something new but being comfortable with not knowing all the answers.

- Attention to detail in both analytics and documentation

- Aptitude for synthesizing data to 'form a story' and align information to contrast/compare to industry perspective

- Intellectually curious, who enjoys solving problems