SRM - Model Validation (Job ID : MV2014063)

Applications are invited for the position of "SRM - Model Validation" in a MNC Investment Bank.
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Key Responsibilities :

Review of the models that are not covered by the existing process (these are deemed to be low risk usually on the basis of materiality but may be complex trades)

System Integrity Testing – testing the behaviour of the approved models across all the strategic risk management systems. This includes vendor systems

Carrying out the re-review process for approved models by re-running tests, validating assumptions and updating the documentation

Qualifications/ competencies :

An advanced degree in Mathematics, Physics, Engineering, Computing or Finance - A PhD is preferred

The role requires solid experience in Mathematical Finance and Financial Modelling

Excellent communication skills, written and verbal, in English are a pre-requisite

Project management skills are essential, including being able to manage multiple projects across different regions, asset classes and people to tight deadlines

The role should provide quality assurance around the quality of the work produced by the Mumbai group. This will include providing technical feedback as well as ensuring all appropriate policies and guidelines have been followed

The Model Validation group is a global team and the functional management for Mumbai is in a substantially different time zone (New York). Good communication with the other centres by utilising all available methods

Potential for Progress :

The role will provide exposure to the complex instruments of a major financial firm and is an excellent platform for building a career in derivatives. Progress is available to more senior roles or to other roles in the investment bank both within Market Risk and the Front Office. Credit-Suisse is a strong supporter of internal mobility