Associate/Sr Associate

Need only Btech IIT, BITs Pillani, NIT or Post Grad from ISI (Indian Statistical Institute)

Job Description: Model Validation Associate - Risk Models

Job Summary

We are hiring for the role of Model Validation Associate within the Quantitative Risk Management team of a leading global financial services group. The successful candidate will be responsible for the independent validation of a wide range of market risk models, ensuring their conceptual soundness, integrity, and compliance with regulatory standards.

Roles and Responsibilities

• Independently validate the integrity and comprehensiveness of the firm's risk models, which range across:

• Economic Risk Models

• Stress Testing models

• Regulatory Capital Models (FRTB IMA and SA, Basel 2.5)

• Conduct reviews of model conceptual soundness, implementation, and associated model risk.

• Prepare comprehensive model review documentation and reports.
• Perform and review ongoing Model Performance Monitoring.
• Conduct periodic reviews and re-validations of existing models.
• Ensure all models align with the firm's model risk management framework and risk appetite.

Desired Candidate Profile

• Qualifications: Graduate/Post Graduate/PhD in a highly quantitative field (e.g., Statistics, Mathematics, Financial Engineering, Physics).
• Experience: 3 to 7 years of relevant experience in model validation, development, or quantitative risk management.

Key Skills (Mandatory):

• A solid basic understanding of stochastic calculus and numerical techniques for derivatives pricing (Monte Carlo, Finite Difference).
• Comfort and proficiency with one or more programming languages (e.g., Python, R, C++).
• Familiarity with econometrics and general statistics.
• General knowledge of financial products.

• Prior knowledge or experience in one or more of the following areas is highly desirable:

• Risk Models: Value at Risk (VaR), Counterparty Risk Exposure models, Margin Models.

• Stress Testing models
• Interest Rate Models: Libor Market Model, HJM, Models of the short-rate.
• Equity Models: Pricing of Exotic Payoffs (Barriers, Lookback, Asians), Stochastic Volatility Models (Heston, Bates).
• Credit Models: Pricing of Credit derivatives (CDO, Credit Index Options), CVA calculation.
• FX Models: Pricing of plain vanilla and exotic FX derivatives (Barriers, Quantos).

Required Competencies:

• Culture & Conduct: Professional integrity, self-awareness, and a commitment to high standards.
• Client-Centricity & Business Acumen: Strong analytical and problem-solving skills with attention to detail.
• Strategy & Innovation: Strategic thinking, sound judgment, and agility.
• Leadership & Collaboration: Ability to collaborate effectively with others, manage conflict, and support team development.
• Communication & Influence: Excellent articulation and receptiveness, with the ability to build strong internal networks and communicate clearly.
• Execution & Delivery: Strong execution focus, accountability, and the ability to manage stakeholder expectations and deliver on time.

Company Profile

A premier Asia-headquartered financial services group with an integrated global network spanning over 30 countries. The India operations center is a critical part of the platform, providing world-class capabilities in research, technology, risk management, and operations to support the firm's global business expansion.

Preferred candidate profile

Model Validation - Associate - Risk Models

risk model validateion,market risk modelling

Economic risk models,regualtory capital moels like FRTB,IMA

testing the models

3-7 yrs exp associate /sr associate/ AVP

5-7 is preferred

model validator or developer in a peer bank--risk models/marke risk/var/counterparty /derivative pricing models

work with new york team am -8:30pm

1 level below derivative pricing model

IIT,BITS,ISI

validating models --stress testing,economic models

basic VBA or python

quant ,programming

black scholes approach

any asset class

IC role--

reports to VP in india or new york--4 rounds of interview

hybrid-2 days office