Associate/ Sr. Associate - Model Validation - eTrading
Head Hunters
3d ago

Job Description

Our Client a leading Global Bank in Mumbai is looking for a Associate / Sr. Associate for its Model Risk Management function covering E-

Trading across all asset classes, in charge of developing model risk policy and control procedures, performing model validation activities, providing guidance on a models appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations

Core Responsibilities :

  • Engage in new model validation activities for all E-Trading models in the coverage area - evaluate conceptual soundness of model specification;
  • reasonableness of assumptions and reliability of inputs; fit for purpose; completeness of testing performed to support the correctness of the implementation;
  • robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model.

  • Conduct independent testing
  • Perform additional model review activities ranging from proposed enhancements to existing models, extensions to scope of existing models.
  • Liaise with Trading Desk, Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions & limitations, and findings for ongoing performance assessment & testing
  • Maintain model risk control apparatus of the bank for the coverage area & serve as first point of contact
  • Essential skills, experience, and qualifications :

  • Strong quantitative background based on a PhD or Masters Degree (or equivalent) in a quantitative discipline such as Math, Statistics, Science, Economics, Engineering, Math Finance.
  • Domain expertise in following areas : Expertise in Statistics, Math Finance, Machine Learning.
  • Knowledge and experience in algorithmic trading / market making strategies such as transaction cost analysis, dark order execution, order placement, price signals.
  • Derivatives pricing knowledge is an asset.
  • Experience in one or more of the following asset classes : Interest Rate / Credit / Equity / FX / Commodity.
  • Prior experience in following backgrounds (1-2 years) : Quantitative Model Development, Model Validation, Trading or Technology focused on E-
  • Trading including automated execution / market-making algorithms.

    Salary : Not Disclosed by Recruiter

    Industry : Banking / Financial Services / Broking

    Functional Area : Financial Services, Banking, Investments, Insurance

    Role Category : Financial Services / Stock Broking


    financeequityfxmodel validationrisk managementrisk controlmachine learningstrategy makingperformance testingElectronic Trading

    Desired Candidate Profile

    Please refer to the Job description above

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