A leading global bank is looking for Associate / VP for their model risk team in Mumbai that performs model validation activities to provide 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.
Evaluation of concepts related to model specification
Logical assumptions and reliability of inputs.
Complete testing performed to support the accuracy of implementation
Strong understanding of numerical aspects
Suitability of performance metrics
Risk measures associated with the use of the model.
Review and approve enhancements, an extension to the scope of existing models
Knowledge of latest development in areas like products, markets, models, risk management practices and industry standards
Ph.D. or Masters Degree (or equivalent) in Math, Science, Economics, Engineering, Quantitative / Math Finance, etc.
Domain expertize in Interest Rate models, securitized products, CCAR & regulatory capital, probability theory, econometrics, statistics, and numerical methods
Prior experience for minimum of 5 years in Quantitative Model Development, Model Validation, Trading or Structuring, Market / Credit Risk Management
Salary : Not Disclosed by Recruiter
Industry : Banking / Financial Services / Broking
Functional Area : Financial Services, Banking, Investments, Insurance
Role Category : Senior Management
Role : Head / VP / GM-Investment Banking
Employment Type : Permanent Job, Full Time
model validationinvestment bankingRisk ManagementQuantitative ResearchMarket Risk ManagementCredit Risk ManagementModel Development
Desired Candidate Profile
Please refer to the Job description above