Associate, Risk Model Validator - Market Risk Stress Testing.
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 group with an integrated network spanning over 30 countries. They serve the needs of individuals, institutions, corporates, and governments through their diverse business divisions. The firm is built on a tradition of disciplined entrepreneurship, providing creative solutions and considered thought leadership to its clients.
About the role.
This Associate position is for a Risk Model Validator focusing on Market Risk modelling, including regulatory capital models, internal economic risk models, and stress testing. The role involves independently validating the integrity and comprehensiveness of financial models. You will be crucial in ensuring the firm's risk management framework is robust and effective.
What you will do.
- Review the conceptual soundness and implementation of various financial models
- Conduct thorough model risk analysis to identify potential vulnerabilities
- Prepare comprehensive model review documentation for internal and regulatory purposes
- Review and assess model performance monitoring reports
- Perform periodic reviews of existing models to ensure ongoing validity and accuracy
- Contribute to maintaining an effective model risk management framework
- Support the production of a consolidated view of model risk against appetite
What you bring.
- 4–5 years of experience in risk model validation or a related quantitative field
- Graduate, Postgraduate, or PhD in a highly quantitative discipline
- Basic understanding of stochastic calculus and numerical techniques for derivatives pricing (Monte Carlo / Finite Difference)
- Proficiency in one or more programming languages
- Familiarity with econometrics or general statistics
- General knowledge of financial products
- Experience with FRTB IMA, FRTB SA, Value at Risk, Counterparty Risk Exposure models, or Margin Models
- Knowledge of Stress Testing models, Libor Market Model, HJM, or Models of the short-rate
- Experience with pricing exotic payoffs, stochastic volatility models, credit derivatives, CVA calculation, or FX derivatives
Other open roles.
Equity Structuring Associate — Mumbai · Onsite
Market Risk Infrastructure Analyst — mumbai · Hybrid
Data Engineer / Data Quality Analyst — Mumbai · Hybrid