Model Validation Professional

4 days ago

Mumbai, Maharashtra, India beBeeModelValidation Full time US$ 1,50,000 - US$ 2,20,000
Model Validation Role

About the role, we are seeking a skilled professional to join our team as a Model Validation Specialist. In this exciting opportunity, you will play a key part in ensuring the accuracy and reliability of our models.

Job Description:

The primary objective of this role is to validate and verify the effectiveness of quantitative methodologies used across various asset classes and model types. This involves implementing alternative challenger models and performing independent implementations to ensure adherence to regulatory requirements and industry best practices.

  • Validate initial and periodic quant models
  • Design and prototype challenger models
  • Perform quantitative analysis and review of model frameworks, assumptions, data, and results
  • Test numerical implementations and review documentations
  • Ensure governance requirements are met
  • Document findings in validation reports and provide recommendations for model improvements
  • Track remediation of validation recommendations
Required Skills and Qualifications:

To be successful in this role, you will need:

  • At least 8 years of experience in quantitative modeling (model development or validation) with expertise in market risk models, counterparty credit risk models, derivatives pricing models, and capital models
  • Strong background in math and probability theory applied to finance
  • Good knowledge of data science and statistical inference techniques
  • Proficiency in programming languages such as Python or R
  • Awareness of latest technical developments in financial mathematics, pricing, and risk modeling
Benefits:

As a valued member of our team, you can expect:

  • Opportunities for professional growth and development
  • A dynamic and supportive work environment
  • Competitive compensation and benefits package
Others:

We are an equal opportunities employer committed to diversity and inclusion. If you are passionate about model validation and have the necessary skills and experience, we encourage you to apply for this exciting opportunity.

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