Model Validation Quant Analyst- 6 months+ Experience- Cross Asset Team- London- Negotiable recruitment
Role:-
The team is responsible for assessing model risk, deconstructing models to check their integrity, analyzing the model assumptions, assessing model limitations, checking code, producing documentation and validating the model for use. The team works across assets. In addition to the standard financial model validation work, the team has exposure to hybrid and insurance-linked models.
Your role will involve:-
Conducting comprehensive model tests and preparing technical documentation. If necessary, develop benchmark models.
Review quality of risk and stress information. Perform portfolio risk analysis and identify model risks.
Highlight areas of concern with the usage of individual models, propose solutions to model risk issues
Communicate pro-actively to all stakeholders. Collaborate with other areas of the firm in resolving the identified issues.
Participate in trade approval process and work with finance, independent price verification on mark-to-market and model reserve issues.
Requirements:-
Academically, you should be educated to DEA/ PhD level. Subjects such as Engineering degrees, mathematics etc are highly regarded. Actuarial qualification is a plus.
6 months + experience in financial industry (in a model review or related quantitative role )Quantitative Finance experience- Solid experience working as a quant in any asset class in either a front office or validation role .
They are considering fresh PhD juniors with zero work experience also.
Candidates should be able to demonstrate a good understanding of financial mathematics.
Good C++ is essential
You need to be comfortable in explaining complicated models in an intuitive way.
Good common sense, good grasp of the current state and evolution of financial markets.
Ability and interest in working with large amounts of financial data.
The salary range is based on the candidate’s experience.