Model Validation recruitment
Main Duties
Main duties and responsibilities:
- Quantitative review and analysis of exotic product valuation models, including theoretical review, assessment of appropriateness, implementation testing, independent implementation, development of alternative models.
- Product approvals, model reviews, model risk evaluations and model risk provisioning design.
- Close communication cooperation with the front office, quant developers, finance as part of the trade approval process.
- Quantitative review and analysis of VaR models, including theoretical review, implementation testing, assessment of appropriateness, independent implementation, development of alternative models.
- Documentation of analyses findings to Bank standard.
Person Requirements
Qualifications /Education:
Postgraduate level education in a quantitative subject, e.g. mathematics, physics, engineering, finance.
Experience Required:
Experience in model development or model validation within an investment bank.
Experience interacting with risk managers, traders, quants and product/trade controllers would be highly desirable.
Skills and Knowledge:
- Exposure to standard market products models.
- Experience of exotic product risk analysis.
- Experience of model review critique.
- Experience of model testing independent implementation.
- Excellent communication/writing skills.
- Programming experience (C++, C, VBA).
Candidate Profile:
The candidate must be willing and able to
- explain justify their point of view
- defend their recommendations
- document their work clearly
- organise their time
- work productively as part of the team
May 10, 2012
• Tags: Debt, Fixed Income careers in the UK, Model Validation recruitment • Posted in: Financial