A well known global bank are looking for a Model Validation Analyst to join an established team in their London office.
Department overview
The Model Validation Group is globally responsible for independently validating the integrity and comprehensiveness of Risk Models and Valuation Models in the firm. They also develop measures of Model Risk, monitoring Model Risk vs. the firm’s Model Risk Appetite and escalates model approval breaches.
Key objectives
Independent model validations of in-house Stress Testing Models, used for assessing the stability or business continuity from the view point of capital planning and capital adequacy, liquidity adequacy, recovery and resolution planning, appropriateness of Risk Appetite and routine risk management. Activity is often project-based, being driven by various regulatory requirements (e.g. JFSA Industry-Wide Stress Testing).
Essential & desirable skills
Essential
- Experience in a quantitative environment
- A postgraduate degree in a quantitative discipline
- Established experience in quantitative financial models
- Strong implementation skills (Python/C++)
- Strong verbal and written communication skills
- Self-motivated work attitude
Desirable
- Familiarity with Valuation and/or Risk Models (e.g. derivative pricing, counterparty credit risk models)
- Familiarity with econometrics and general statistics
- PhD (or equivalent) in a quantitative discipline
If you are interested in this role please apply below or contact me for more information.
