Market Risk Model Validation Quant (Junior/Associate)
Quanteam London, United Kingdom Apply now Posted 3 days ago Hybrid Job Contract Market Rate
Job:Market Risk Model Validation Quant (Junior/Associate)
Location: London
Hybrid Working - travel to office is required
2 stage interview process (can be on-site)
Full Time Employment - Long Term Contract
Inside IR35 via Umbrella
Job Description
We are seeking a motivated Junior/Associate Market Risk Model Validation Quant to join our risk management team. The role involves validating and testing market risk models to ensure accuracy, compliance, and alignment with regulatory standards. This is an excellent opportunity for candidates early in their career with a passion for quantitative analysis and risk management.
Key Responsibilities
1. Validate market risk models, including those for VaR, FRTB SA/IMA, and stress testing.
2. Conduct quantitative analysis and backtesting to assess model performance and accuracy.
3. Collaborate with senior quants to identify, document, and mitigate model risks.
4. Develop independent benchmark models in Python, R, or Matlab for validation purposes.
5. Support the preparation of validation reports and documentation for regulatory submissions.
6. Stay updated on industry standards, regulatory requirements, and market trends.
Key Requirements
1. Master’s degree in Quantitative Finance, Mathematics, Statistics, or a related field (PhD preferred).
2. Strong understanding of market risk models, financial instruments, and regulatory frameworks (e.g., FRTB, Basel III).
3. Proficiency in programming languages such as Python, R, or Matlab.
4. Familiarity with Monte Carlo simulations, sensitivity analysis, and other quantitative techniques.
5. Excellent problem-solving skills and attention to detail.
6. Effective communication and the ability to work collaboratively in a team environment.
What We Offer
1. Competitive compensation package.
2. Professional growth through mentorship and exposure to cutting-edge risk modeling practices.
3. A collaborative and dynamic working environment.
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