Interest Rate and Inflation Model Validation Quant | New York City recruitment

VP level Rates Model Validation Analysts are in high demand at the moment with most of the leading US and European investment banks looking to take on several individuals to grow their busy model validation teams in London. They are in need of talented and driven individual’s who can make a difference instantly and who are looking for a challenge. This Model Validation group is not like your average Model Validation group as it encompasses a wide spectrum of the business units allowing these team members to gain exposure to other business functions. This model validation team are widely known for their leading financial projects and have been widely praised for their cutting-edge approach to finance. The successful candidate will be mainly working with Interest Rates and Inflation products, but will also be gaining exposure to other trading desks.

Responsibilities:

-Candidate will be analysing and benchmarking current models.

-Stress testing current models and identifying any potential risks that might affect the trading products.

-Managing all risk scenarios by planning solutions in advance.

-Supporting and assisting all senior traders, working closely with them most days.

-Candidate will be working predominantly with Interest Rate and Inflation products, and will be gaining valuable insight into the rest.

Ideal background of the successful candidate:

-PhD or Masters in Mathematics/Physics or other related mathematical subject.

-Must have previous experience with financial products (IR in particular) and ideally from a top bank.

-General Programming skills needed e.g. C++, VBA, Matlab etc.

-Strong analytical skills.

-Excellent level of Financial Mathematics i.e. stochastic calculus, PDE modelling, binomial trees, etc.

To apply for this Model Validation role please send your CV in word format to quantexotic@selbyjennings.com or call 0207 019 4137.

Key words:

Model Validation; Front Office Quantitative Analyst; Associate Director; Foreign Exchange; Interest Rates; Exotics; Vanilla; Derivatives; Business; C++; Europe; London.