Job Description
Our client a leading Global Investment Banks who is keen to hire a Model risk developer/Validator in Mumbai. Hence, actively looking to hire candidates with at least 6+ years of hands-on Counterparty credit risk modelling or Validation experience within an investment bank or associated consulting firms. We're looking for someone who is eager to perform independent development/validation of models. This is an excellent platform for personal and professional development within a highly committed and collaborative team in an international and fast-paced environment. Some Of The Key Responsibilities Will Include • Developing, maintaining, and improving IMM models used in counterparty credit risk. • IMM full simulation model development and implementation for Secured Finance Transactions (SFTs). • Testing the implementation of risk factor scenario generation, pricing, margining, and exposure calculation (EEPE, EEE, EE, EAD, PE). • Worked extensively on back testing of IMM models to identify strengths and weaknesses of the model. • Development of advanced back testing techniques such as exposure profile and risk factor. • Model monitoring and maintenance. To Be Eligible For This Role You Will Require • Qualified degree in economics, science, technology, mathematics, engineering. • Excellent quantitative and statistical modelling skills. • Proven experience of working with Python, SQL, and VBA. • Hands on Experience of stochastic calculus and Monte Carlo simulation. • Knowledge of fixed income including pricing various traded bonds ranging from vanilla to exotic. • FRM/ CFA certification would be an advantage. , This job is provided by Shine.com
💡 Quick Summary
Seeking a career-building opportunity? The Senior Model Development Lead | Investment Bank position is now open for candidates interested in the Bank Jobs sector. This role in Maharashtra offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
