Top Tier Investment Bank looking for both Junior and Senior level Model Validation Analysts to join their growing team in Toronto, Canada
This individual will be validating all asset models and working with some of the most talented Front Office Quants and Traders in the world.
This opportunity will be reporting diretcly to the head of the Model Validation group and the head of the Quant team.
Responsibilities of Model Validation Analyst:
-Model validation of: asset pricing models, FX models, interest rate models, equity models, derivative models, credit portfolio management models, cash flow CDO valuation models, capital models, hedging models, operational risk models, credit risk models, market risk models and economic risk models.
-Candidate will be analysing and benchmarking current models, and be given the opportunity to build their own models, which will be largely used by the trading desk.
-Stress testing current models and identifying any potential risks that might affect the trading products.
-Candidate will be working predominantly with Interest Rates/Credit and Equity Derivative products.
-Make recommendations and suggest improvements related to the applicability of the different models assessed in meeting their objectives
Requirements of Model Validation Analyst:
- PhD/ Masters in Finance, Economics, Mathematics, Computer Science etc
- Good communication skills, written and verbal
- Previous related experience in relevant applied modeling techniques
-Excellent quantitative modeling, analytical, research and programming skills (C++, SAS, Matlab).
-Knowledge of Asset Pricing, Market Risk - (QRM Model and Algorithmic) and in-depth understanding of credit risk methodologies , interest rate modeling [short rate models, HJM, BGM, etc.], VAR, and/or other complex financial risk modeling highly desirable.
This Investment Bank is highly regarded in the Industry and is performing very well, therefore they are offering a competitive salary and a guaranteed bonus for the first year.
If you would like to be considered for either the Junior or Senior Model Validation Analyst Role, please apply below with your updated resume.