Equity & Hybrids Derivative - Model Validator - Assistant Vice President

• Manage model risk across the model lifecycle including model validation, ongoing performance evaluation and annual model reviews
• Manage stakeholder interaction with model developers and business owners during the model lifecycle
• Provide effective challenge to model assumptions, mathematical formulation, and implementation
• Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls
• Contribute to strategic, cross-functional initiatives within the model risk organisation

• Master’s Degree or equivalent in STEM or other quantitative fields required (Mathematics, Statistics, Financial Engineering, Quantitative Finance etc.) with demonstrated Quantitative experience
• Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second master’s degree, CPA or CFA
• Some experience in a quantitative role in risk management at a financial institution with experience in either model development or validation, ideally experience in modelling of equity derivative products would be desirable
• Strong derivative pricing skills a must (Risk neutral pricing, stochastic calculus, numerical techniques (finite differences, Montecarlo simulation, binomial/Trinomial Trees, Numerical integration), coding in C++/python)
• Strong communication skills with the ability to find practical solutions to challenging problems
• Teamwork and commitment are essential

Experience in modelling of equity derivative products would be desirable

• Generous holiday allowance starting at 27 days plus bank holidays
• increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Programme
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources