Derivative Price Model Risk Job- Investment Bank (5-11 yrs)-Bangalore

for Leading Investment Bank
Job Location : Bangalore
Salary : 12 - 22 Lakhs Per Annum
Industry: Financial Services
Job Type : Permanent
Experience: 5,11 Posted on: 11 May
Job Description




Employer                                                          : Leading Investment Bank

Role                                                                : :Model Risk- Associate

Job Location                                                     : Bangalore

Preferred Qualification                                       : -Advanced Degree (preferably PhD or Masters) in a quantitative discipline (Math, Statistics, Physics, Engineering, Computer science)


Roles and Responsibilities :

The Model Risk team within Internal Audit (IA) at firm with presence in New York, London and Bengaluru is a group of quantitative experts charged with reviewing complex financial models utilized by the Firm as part of various audits with the objective to assess the robustness of the firm’s model risk management framework. The Model Risk team is responsible for a diverse array of model types including models used for valuation of financial products, models used for risk management, capital calculation, compliance, algorithmic trading and investment management models.

The Firm is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

IA supports the Audit Committee of the Board of Directors and senior firm leadership in fulfilling their oversight roles by independently assessing the firm’s internal control structure, raising awareness of control risk, and monitoring the implementation of management’s control measures.

Job Responsibilities

-Develop and maintain an in-depth technical knowledge of modeling – both theory and coding

-Critical review of models including their conceptual soundness, documentation, testing code implementation accuracy and independent validation

-Conduct meetings with stakeholders including modelers and model validators

-Execute risk-focused audits of modeling and model risk management

-Engage in continuous monitoring of modeling and model risk areas

-Communicating modeling problems and issues to senior management

Basic Qualifications

-Team-oriented with a strong sense of ownership and accountability

-Strong interpersonal and relationship management skills

-Strong verbal and written communication skills and presentation skills (PowerPoint, Visio, etc.)

-Highly motivated with the ability to multi-task and remain organized in a fast-paced environment

-Advanced Degree (preferably PhD or Masters) in a quantitative discipline (Math, Statistics, Physics, Engineering, Computer science)

Preferred Qualifications

Experience within the financial services industry is a plus

Product Specific Skills And Experience

-Knowledge of financial modeling concepts, including (any combination)

-Options pricing, credit default, structured products, econometrics, stress scenario creation

-Any combination of risk management disciplines: credit risk, market risk, operational risk, funding / liquidity risk Knowledge in any of the following areas is preferred

-Risk measurement theory (Value-at-Risk, stress testing etc).

-Basel Capital Accord regulatory requirements (advanced model-based frameworks)

-Controls surrounding model risk governance, model development, implementation and change management, model validation (Regulatory Guidance SR 11-7)

-Programming experience in quantitative and object oriented programming environments, e.g. Matlab, C++, C#, Python, Java, R, etc.

Please send your CV with below details if this suits your requirement: 

1. Current Salary 
2. Expected Salary 
3. Current Employer
4. Current Location 

5.Ok for Bangalore-Yes / No





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Keywords: Bangalore jobs Investment Bank Jobs Derivatives jobs model risk jobs pricing validation jobs VAR Value at Risk
Desired Candidate Profile
Education: Any Graduate - Any Specialization,Any Post Graduate
Experience: 5,11
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