Officer/ VP- Model Risk & Performance Testing, Model Validation Team
JOB DESCRIPTION
We are working with a leading bank that is growing out its model validation team. In efforts to reduce costs while increasing the regulatory-driven forces, this team is involved in supporting the development of the latest modeling methodologies to comply with the new regulatory framework of the bank. You will be responsible for model risk and performance testing. You will be hands-on in model stress testing, and assessing documenting model risk, breaks in performance and control.
Because it is in its nascent stage, you will be able to enjoy the opportunity to be a part of and impact an embryonic group. Thus, we are looking for someone who is hungry to learn and willing to get their hands dirty. This position plays a vital part of how models are used by the firm (Front Office, Product Control, Risk Management), thus you will be exposed to a wide variety and array of models (1000+!).
Location: Florida, USA
Requirements:
- Min MS/ PhD in a quant discipline (mathematics, statistics, engineering, computer science, etc)
- Minimum 1+ years industry experience in quant model validation or model risk; model development experience a plus
- Working experience with derivatives pricing models, market risk, VaR, credit risk, etc
- Strong quantitative skills (linear and logistic regressions, Monte Carlo simulations, hidden Markov chain, etc)
- Excellent communication skills
- Proficiency with C++ , Python, VBA, Matlab,
- In Return:
- A huge opportunity to attain progression within a leading quantitative team
- Very analytical and quantitative exposure
- Career advancement and competitive compensation structure
This is an immediate hire, interviews are to begin soon and early application is advised. GQR also welcomes tentative enquiries from suitably qualified individuals.
Confidentiality and utmost discretion is 100% assured.
Key words: quantitative risk, risk models, model validation, derivative pricing model, market risk, VaR, model performance testing, model risk, stress testing, model usage, metrics, model benchmarking, revalidation, C++, Python, VBA, Matlab, Los Angeles
APPLY | risk.americas@gqrgm.com
VISIT US | www.g-q-r.com/vacancies
Search Consultant: James Friend
While a resume is preferable we also welcome tentative enquiries from well-qualified persons. To speak with an agent please contact one of our regional offices using the contact details listed below. Utmost confidentiality and discretion is assured.
LOS ANGELES | 1.310.807.5030
10877 Wilshire Boulevard, Los Angeles, CA 90025 | Office Hours: 6.00-21.00 PDT
NEW YORK | 1.212.763.8333
1325 Sixth Avenue, New York, NY 10173 | Office Hours: 9.00-21.00 EDT
LONDON | 020.3207.9090
St Clements House, London, EC4N 7AE | Office Hours: 9.00-21.00 GMT
HONG KONG | 852.3678.6738
2 Exchange Square, 8 Connaught Place, Central | Office Hours: 9.00-21.00 HKT
VISIT US | www.g-q-r.com | www.g-t-r.com | www.gqrgm.com
GQR Global Quant, GQR Global Trading, GQR Global Markets
We operate globally and leverage our extensive relationships to unite the most talented people with the most intellectually and financially rewarding career opportunities throughout Europe, the United States, Asia and the Middle East.
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