The opening is with the offshore setup of a MNC Bank. Model Validation is part of the Risk Management department . The team’s primary role is the independent validation of derivatives pricing models used by the Firm for valuation and risk calculation. The team has global responsibility , so team members have the opportunity to experience all asset classes traded by the Firm. This team will initially specialise in some of the computationally intensive work that the team does, including

• developing, maintaining and running test spreadsheets for complex derivative products

• setting up and running historical backtesting scenarios in spreadsheets and trading systems,

• generating, extracting and structuring risk and value data from Front Office systems

• implementing numerical algorithms and helping to develop independent models in our C++ library

Candidate Description: Candidates for the analyst role in the Model Validation team are expected to have a first degree in mathematics, physics or engineering, and probably a Masters or PhD in one of those areas or finance. Experience in data management and analysis or in Front Office IT would be an advantage. Hands-on experience of derivatives pricing and modelling issues is desirable, but regardless of experience all candidates should be able to demonstrate an understanding of financial and derivative products and mathematics, from private study if they have not worked in the financial sector.

Programming experience is required, ideally in C++. Please send your resumes to pooja.singh@ equilateral.co.in

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