Manager - Model Development [T500-14153]

2 weeks ago

delhi, India MUFG Full time
About Us:
MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
For more information, visit Global Service Private Limited
Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific
About the Role:
Position Title: Quantitative Analyst
Corporate Title: Manager
Reporting to: Youssef El Otmani
Location: Bengaluru
Job Profile:
Position details :
Risk Analytics Group (RAG) is a specialized area within the Risk Department, responsible for Market Risk Models, Capital Models, Counterparty Exposure Models, Credit Models and Initial Margin models. The team members have strong quantitative skills and the team head reports to the local and international Chief Risk Officer.
The successful candidate will be a member of the Counterparty Exposure Metrics sub-team of RAG. The team is responsible for the development and maintenance of the Potential Future Exposure (PFE) models that are used to measure Counterparty Exposure. These models are used for internal control limits and partly in economic capital calculations. The PFE is calculated in Markit fraimWRX cloud platform and covers Rates, FX, Credit, inflation, Equity and Bond Spreads, and covers derivatives, Repo and Securities lending transactions.
In addition to the main PFE model, the team also has responsibility for the SIMM model used for Initial Margin, and the simulation model used to measure risk on structured financing trades. The team also covers model validation for the front office xVA model and it enhancements.
The candidate will work closely with other team members in RAG, credit risk management, the IT development teams, risk model validators and Front Office. The successful candidate will work in an inclusive and proactive way, ensuring that the team takes the lead in new model development and resolves issues as they arise, communicating clearly in management reports.
Roles and Responsibilities:
In this role, you will be responsible for counterparty risk modelling across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you. You will:
Assist with risk model development and maintenance
Develop, maintain and improve counterparty exposure models
Design and run model validation tests, for both model assumptions and implementation. Investigate issues and propose changes where there are model weaknesses.
Specify and test system changes to implement improvements.
Improve existing operational controls around the exposure models and propose new ones to increase robustness.
Support business and credit department requests in investigations into exposure calculations for specific trades.
Ad-hoc projects as required, including collaboration with market risk analytics and model validation.
Prepare summary reporting for working groups and committees that review model performance
Investigating issues
Ad-hoc projects as required
Proactively contribute to wider Risk function initiatives and projects.
Job Requirements:
Work experience:
Essential:
Previous experience in pricing models
Preferred:
Previous experience in exposure models
Experience in SIMM model
Experience in economic capital
Skills and Experience:
Required:
Understanding of financial markets and products including derivatives
Knowledge of principles of derivatives pricing
Knowledge of stochastic calculus
Familiarity with Python, R, Excel and VBA
Desirable:
Understanding of counterparty exposure measures such as PFE, EE, CVA
Experience in a risk-related role
Knowledge of advanced programming languages (C#, C++)
Education / Qualifications:
Finance or highly numerate education (Maths, Statistics, Engineering, Computer Science) at MSc level or above
Personal Requirements:
Excellent communication skills with the ability to adjust to different audiences.
Highly motivated and innovative, able to work on own initiative.
Excellent accuracy and attention to detail with an analytical mind-set
Good team player with professional attitude
Good time management and ability to prioritize.
Ability to manage large workloads and tight deadlines, balancing urgent tasks and longer term projects.
Strong decision making skills, the ability to demonstrate sound judgment
Strong problem solving skills
Strong numerical skills
Equal Opportunity Employer
The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.

  • Manager - Model Validation [T500-14137]

    2 weeks ago

    delhi, India MUFG Full time

    About UsMUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the...

  • Senior Analyst

    2 weeks ago

    Delhi, India MUFG Full time

    About UsMUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the...

  • AVP - Model Validation [T500-14158]

    2 weeks ago

    delhi, India MUFG Full time

    About UsMUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the...

  • Model Development

    2 weeks ago

    Delhi, India EXL Full time

    Have experience in building Credit Loss Models – LGD/PD/EAD/CECL/CCAR/BASEL/IFRS9Linear/Logistic Regression and other ML techniques.Strong expertise in Python.4+ years of experience in Model Development in Banking Domain (hands-on)Work in Auto Loans (Preferable)Location- Pune, Bangalore and Delhi NCR

  • Business Development Executive

    3 months ago

    New Delhi, India Tax Manager Full time

    TaxManager.in, a subsidiary of Rising Advisory Services Pvt. Ltd., is a leading player in the financial advisory sector, providing a wide range of services including Accounts Management, GST Services, Company Registration, TDS, and Tax Management. With over 10 lakh individual tax filers and 2000 businesses registered with us, we cater to the needs of...

  • Senior Analyst

    2 weeks ago

    delhi, India MUFG Full time

    About Us:MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the...

  • Business Development Executive

    4 months ago

    new delhi, India Tax Manager Full time

    TaxManager.in, a subsidiary of Rising Advisory Services Pvt. Ltd., is a leading player in the financial advisory sector, providing a wide range of services including Accounts Management, GST Services, Company Registration, TDS, and Tax Management. With over 10 lakh individual tax filers and 2000 businesses registered with us, we cater to the needs of...

  • Business Development Executive

    4 months ago

    New Delhi, India Tax Manager Full time

    TaxManager.in, a subsidiary of Rising Advisory Services Pvt. Ltd., is a leading player in the financial advisory sector, providing a wide range of services including Accounts Management, GST Services, Company Registration, TDS, and Tax Management. With over 10 lakh individual tax filers and 2000 businesses registered with us, we cater to the needs of...

  • Business Development Executive

    9 hours ago

    new delhi, India Tax Manager Full time

    TaxManager.in, a subsidiary of Rising Advisory Services Pvt. Ltd., is a leading player in the financial advisory sector, providing a wide range of services including Accounts Management, GST Services, Company Registration, TDS, and Tax Management. With over 10 lakh individual tax filers and 2000 businesses registered with us, we cater to the needs of...

  • Sr. Analyst

    2 weeks ago

    Delhi, India Credence HR Services Full time

    Hiring!! Senior Analyst - Model Development & Validation for one of our esteemed Investment Banking Clients in Hyderabad.Desired candidate profile:A bachelors/masters degree with 1-3 Years of experience in Analytics.Exposure to Banking and Financial Services Industry is a must.Hands-on experience in Model Development or Model Validation of...

  • Frontend Developer Intern

    2 weeks ago

    Delhi, India Concur - Consent Manager Full time

    Join Concur, India's inaugural consent manager dedicated to simplifying data compliance under the Digital Personal Data Protection Act, 2023. Emerging from stealth mode, we're looking for a passionate Frontend Developer Intern who will play a crucial role in developing user-facing features, ensuring the alignment of design and user experience, and...

  • Data Modeler

    2 weeks ago

    delhi, India Info Services Full time

    The Data Modeler will be responsible for developing, designing, documenting, managing, logical and physical data models supporting an Oracle database and reporting tools in MicroStrategy and Business Objects. They must be familiar with data warehouse architectures, ETL principles, BI semantic modeling, and BI report development. They must have strong...

  • Sr. Analyst

    2 weeks ago

    Delhi, India Credence HR Services Full time

    Hiring!! Senior Analyst - Model Development & Validation for one of our esteemed Investment Banking Clients in Hyderabad.Desired candidate profile:Abachelors/masters degreewith1-3 Years of experiencein Analytics.Exposure toBanking and Financial Services Industryis a must.Hands-on experience inModel Development or Model Validationof quantitative...

  • Business Modelling

    7 days ago

    Delhi, India Deloitte Full time

    What impact will you make? Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you’ll find unrivaled opportunities to succeed and realize your full potential.We are renowned for our innovative and...

  • Data Modeler

    4 weeks ago

    Delhi, India Acentra Health Full time

    Job Description: Senior Data ModelerThis position is for a Senior Data Modeler responsible for successful delivery of Acentra Health's technology initiatives. Candidates for this role will be responsible for creating and maintaining conceptual, logical and physical data models using established enterprise tools / best practices as well as be responsible for...

  • Airb Modeller

    4 months ago

    Delhi, Delhi, India Barclays Full time

    Job Title : AIRB modeller Location: Noida About Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which...

  • Mep Modeler

    3 months ago

    Delhi, India Saanvi Sri Architects Full time

    **Job Descriptions**: - Create accurate and organized structural Revit (BIM) models and/or AutoCAD drawings - Prepares 2D and 3D presentations / design drawings according to requirement - Develop plan, elevation, section, and detail drawings from the models with adequate detail and proper annotation for tender and construction. - Develop and maintain office...

  • Financial Modelling

    2 weeks ago

    Delhi, India MNC Group Full time

    Role: Financial Modelling Associate Consultant\ Consultant Location: Gurgaon & Mumbai Exp: 1 8 years Support the specification / design of models and analysis tools.Develop models (incl. integrated P& L, Cash flow and Balancesheet models) from scratch.Amend models developed by staff or by third parties.Carry out financial analysis of the outputs of...

  • Senior Sales Representative Saas

    2 weeks ago

    Delhi, India Analytics model LTD Full time

    About UsAtAnalytics Model , we develop BI analytics with AI-powered solutions. Our advanced platform is transforming how businesses leverage data, offering personalized experiences, real-time insights, and customizable dashboards. By revolutionizing data management, we empower organizations to optimize performance, drive growth, and capitalize on new...

  • Model Builder

    12 hours ago

    delhi, India CHARLES & KEITH GROUP Full time

    Job Overview: We are seeking an experienced Anaplan Model Builder to join our Anaplan Center of Excellence team. In this role, you will be responsible for maintaining, enhancing existing merchandise planning and finance models in Anaplan to support our retail planning and forecasting processes. You will also closely work with our key stakeholders to develop...