Quantitative Model Validation Specialist

2 weeks ago

Bengaluru, Karnataka, India beBeeModelValidation Full time ₹ 1,01,89,000 - ₹ 1,45,27,000
Job Title: Quantitative Model Validation Manager

We are seeking an experienced Quantitative Model Validation Manager to join our team. The successful candidate will be responsible for independent model validation of quantitative methodologies, both initial and periodic, across all asset classes and model types.

The ideal candidate will have a strong background in math and probability theory applied to finance, as well as good knowledge of data science and statistical inference techniques. They will also have a good understanding of financial products and be proficient in programming languages such as Python.

Key Responsibilities:

  • Initial and periodic validation of quant models
  • Designing, modeling, and prototyping challenger models
  • Quantitative analysis and review of model frameworks, assumptions, data, and results
  • Testing models numerical implementations and reviewing documentations
  • Checking the adherence to governance requirements
  • Documentation of findings in validation reports, including raising recommendations for model improvements

Requirements:

  • At least 5 years of relevant experience in quantitative modeling (model development or validation) in one or more of these topics: market risk models, counterparty credit risk models, derivatives pricing models
  • Good background in Math and Probability theory-applied to finance
  • Good knowledge of Data Science and Statistical inference techniques
  • Good understanding of financial products
  • Good programming level in Python

Benefits:

  • An opportunity to work with a leading financial institution
  • A competitive salary and benefits package
  • The chance to develop your skills and advance your career

What We Offer:

  • A dynamic and supportive work environment
  • Opportunities for professional growth and development
  • A comprehensive benefits package

Equal Opportunities Employer:

We are an equal opportunities employer and welcome applications from all qualified candidates.

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