Traded Risk Model Review and Validation Manager, (Banking: Pricing, Risk Modelling Derivatives), 6 m

Hays Malaysia
Singapore, Singapore
S$9k - S$15k
25 Jun 2022
13 Jul 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Key responsibilities
  • Traded Risk Model Validation is a group that performs in depth technical model validations of models covering pricing, market and counterparty credit risk of derivatives spanning all asset classes. This opportunity is for a contactor to perform model validations and conduct independent testing. The role is expected to conduct validations flexibly across a broad range of models. The role requires collaborative working both across the local teams in Poland, London, and Singapore.
  • • Delivery of validations of a high quality and according to agreed timelines.
  • Review and validation of at least one of: front office derivative pricing, market or counterparty risk models.
  • Liaise with key stakeholders, including sales & trading, front office quantitative analysts and developers, market risk management, counterparty risk management, XVA and valuation control throughout the model risk model lifecycle.

Qualifications & Skills
  • Strong academic background (Maths/Physics) is a must.
  • Strong coding skills C++/Python or other languages is a must.
  • 3-5 years' experience in either a model validation or model development role covering pricing, or risk modelling for derivatives.
  • PhDs/MSc. in highly numerical subject such as mathematics, physics, engineering, or mathematical finance is a plus.
  • Demonstrable knowledge and ability to apply mathematical techniques in modelling problems ideally including stochastic calculus.
  • Knowledge and some practical experience of coding, ideally including C++ but other languages would be considered.
  • Strong communication skills to facilitate the ability to work effectively as part of a Global Team and liaise with key stakeholders. Fluency in written and spoken English.
  • Strong writing skills with ability to present conclusions and recommendations from technical projects to a less technical audience.
  • This role is only open to Singaporean or Singapore PR.
  • The max monthly salary range is 9000 SGD till 15K SGD max.

EA License Number: 07C3924 | Company Registration No: 200609504D
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