Associate, Global Risk - Model Validation.
This mandate is run by SYMPHONI HR, a Mumbai-based executive search firm, est. 2003. Applications are email-verified and reach the search team running the role — confidentially, always.
About the organisation.
Our client is a leading global financial services institution with a strong presence in the banking sector. They are known for their commitment to innovation, robust risk management, and fostering a collaborative work environment. With a focus on delivering exceptional value to their clients, they operate across various international markets.
About the role.
This role involves validating complex risk models within a dynamic global risk framework. The successful candidate will contribute to ensuring the accuracy and robustness of models used for counterparty credit risk. It's an opportunity to apply advanced quantitative skills in a critical function, supporting sound financial decision-making and regulatory compliance.
What you will do.
- Perform independent validation of Counterparty Credit Risk (CCR) models, including Monte Carlo exposure simulation models
- Assess the theoretical soundness, implementation, and performance of netting and collateral models
- Validate CVA/XVA pricing engines and related methodologies
- Review and challenge model assumptions, data quality, and model limitations
- Document validation findings, recommendations, and model limitations comprehensively
- Collaborate with model development teams, risk managers, and internal audit
- Stay updated with regulatory requirements such as Basel III, CRD IV, and PRA SS 1/23
- Contribute to the enhancement of model validation frameworks and processes
What you bring.
- 7-5 years of experience in Counterparty Credit Risk (CCR) Model Validation or a related quantitative risk role
- Strong understanding of Monte Carlo exposure simulation, netting, and collateral models
- Proficiency in CVA/XVA pricing engines and derivatives pricing methodologies
- Solid background in stochastic calculus and numerical techniques for derivatives pricing
- Hands-on experience with programming languages such as Python, R, and VBA
- Familiarity with regulatory frameworks including Basel III, CRD IV, and PRA SS 1/23
- Experience with or understanding of AI and ML techniques in risk modeling is a plus
- Excellent analytical, problem-solving, and communication skills
Other open roles.
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