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Vice President - CCAR Model Validation - Mumbai

10 - 14 YearsMumbai

Posted: 40 days ago

Job Description

A Leading Banking Financial company is hiring for - VP - Model Validation

Shift Timings: 1PM-10PM

Job Description:

Manage a local team of model validation quants for derivative pricing models for Trading and Hedges. This position requires strong derivative pricing skills as the successful candidate should be a thought leader and be able to drive content and standards for his or her team. Validation work will involve reviewing model assumptions, verifying the mathematical formulation, independently implementing the business/desk model when needed, developing benchmark models to conduct effective challenge, and
assessing and quantifying model limitations to inform stakeholders of model risk to determine compensating controls.
The successful candidate will be able to allocate resources as needed to meet a challenging and fast-paced environment that
covers all asset classes in capital markets (equity, commodity, rates, etc.)

Job Responsibilities:

Manage a team of model validation quants for derivative pricing
Manage model risk across the model lifecycle including model validation, ongoing performance evaluation, and
annual model reviews
Represent the bank in interactions with regulatory agencies, as required
Present model validation findings to senior validators and various model risk management stakeholders
Provide effective challenge to model assumptions, mathematical formulation, and implementation
Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development
of compensating controls
Contribute to strategic, cross-functional initiatives within MRM organization


Desired Educational Qualification, Skills, Experience and Characteristics
Minimum of a Master's degree in a quantitative field (physics, mathematics, computer science, etc.)
Experience in developing or validating derivative pricing models
Strong derivative pricing skills a must (stochastic calculus, numerical techniques, coding in C++/python)
Strong communication skills with the ability to find practical solutions to challenging problems
Strong leadership skills to build and manage a highly productive team
Team work and commitment a must

If interested kindly share your resumes to

Salary: INR 30,00,000 - 40,00,000 P.A.
Industry: Banking / Financial Services / Broking

Desired Candidate Profile

Please refer to the Job description above

Company Profile

M/s Gi Human Resources And Services Pvt. Ltd.
A Leading Banking Client Based at Mumbai
View Contact Details+
Contact Details

Recruiter Name:Chaitansi Sharma

Contact Company:M/s Gi Human Resources And Services Pvt. Ltd.


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