Posted By
Rubbi
Partner Sourcing- AGI at Live Connections Placements Private Limited
Last Login: 25 October 2024
Posted in
Banking & Finance
Job Code
1304805
Quantitative Risk Management:
The Quantitative Risk Management will participate in validating global risk quantitative and analytic models to support efforts to minimize risk. Working under limited supervision, this job contributes to validations of models covering a wide range of financial, economic and actuarial instruments.
Key Responsibilities and Duties:
- Assists with reviewing models to support identification and review of risk issues, risk metrics and risk exposure.
- Applies established risk metrics and risk tolerance guidelines and policies.
- Assesses risk models' theoretical and conceptual soundness and reviews appropriateness of assumptions.
- Ensures data inputs to models are valid and appropriate.
- Supports the identification of model limitations, underlying model risk drivers and the assessment of overall model risk levels.
- Documents the review of risk models as well as any recommendations on improvements.
Key Duties & Responsibilities:
Perform model validations covering a wide range of financial, economic and actuarial instruments Perform quantitative tests on models to assess them Document model validation, summarize model limitations, identify key risks and findings Manage ongoing monitoring process for models that are used by the business
Business or Industry Expertise:
Familiarity with one or more families of models commonly used by financial services companies as either a model developer or model validator. E.g. financial models, risk models, pricing models
Interactions / Interpersonal Skills:
Communicate and contribute routinely within the global Model Risk Management team Communicate with business partners around the globe as needed Communicate with model vendors as needed
Skills and Abilities: Financial mathematics, statistics, model analysis and testing, programming, technical writing and presentation
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Posted By
Rubbi
Partner Sourcing- AGI at Live Connections Placements Private Limited
Last Login: 25 October 2024
Posted in
Banking & Finance
Job Code
1304805