Model Validation Analyst

Job Type:
Permanent
Job Sector:
IT
Region:
London
Location:
London
Salary Description:
Competitive
Posted:
09/07/2018
Recruiter:
Anson McCade
Job Ref:
AMC*BCG*LDN

Model Validation Analyst London Based Role Profile Perform independent validations of initial margin models, pricing models, credit rating models, stress test scenarios, liquidity risk framework, collateral haircuts, other ‘Risk not in VaR’ models and related risk procedures.The scope of validations covers all clearing services in London which includes equity, rates, foreign exchange and commodity asset classes.You will present to, and regularly interact with, senior staff within risk teams and the Risk Committee. Key Responsibilities Assess the conceptual soundness of the model through quantitative analysis:Ensure the adequacy and appropriateness of the model, their methodologies and framework adopted in respect of the type of contracts they apply to;Challenge quantitatively model parameters and assumptions, methodologies and properties;Annual model validation, ensuring completeness and accuracy of review in line with regulatory requirements and internal policies.Prepare annual validation reports with appropriate recommendations. Track the remediation of recommendations raised in previous validations. Candidate Profile / Key Skills Working experience:Working experience in financial services, optimally in a Risk department at an Investment Bank (or Clearing House) or a Consultancy servicing an Investment Bank (or Clearing House) where the work was directly related to model design and testing, model validation and / or model risk management.Clearing and exchanges knowledge, including regulatory framework, is an advantage.Education:Postgraduate Degree in quantitative subject.IT skills:Proficiency with R/Python, SQL and C++Soft skills:Highly motivated and able to work independently;Strong presentation skills;Must be able to challenge the business and manage conflict in a responsible and professional manner;Has the ability to articulate, in a clear and precise manner, the identified weaknesses of the model. This will include the description, severity and remediation plan of the weakness.Team player. To apply, send CVs to bradley.caton-garrett@ansonmccade.com

Contact Details:
Anson McCade
Tel: 02077806700
Contact: Bradley Caton-Garrett
Email:

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