Quantitative Risk Model Validator – AVP, London

HKEX; Greater London; On-site; GBP 70,000 - 120,000; Full time

Job summary

HKEX, London-based, seeks a Quantitative Analyst to validate risk and pricing models within the Financial Risk team. You will contribute to model risk governance and develop benchmark models, with emphasis on independent validation of market, credit, and liquidity models, and on enhancing the model risk framework.

You'll need a quantitative degree, strong Python/SQL skills, and experience with Power BI, plus familiarity with regulatory aspects of model risk management.

Qualifications

• Degree in a quantitative discipline; Masters/PhD would be a plus.
• FRM or similar risk qualification is beneficial (or studying towards it).
• Strong programming with Python and SQL; Power BI experience.

Responsibilities

• Independent validation of risk and pricing models.
• Development of benchmark / challenger models and maintenance of second line risk model library.
• Development and monitoring of model performance tests.
• Manage model risk governance process and associated reporting.
• Author technical validation reports, committee briefing papers and periodic senior management reports.

Skills

Python

SQL

Analytical skills

Communication skills

Regulatory knowledge

Education

Masters or PhD in quantitative discipline

FRM (beneficial / studying towards)

Tools

Power BI

Job description

HKEX, London-based, seeks a Quantitative Analyst to validate risk and pricing models within the Financial Risk team. You will contribute to model risk governance and develop benchmark models, with emphasis on independent validation of market, credit, and liquidity models, and on enhancing the model risk framework.

You'll need a quantitative degree, strong Python/SQL skills, and experience with Power BI, plus familiarity with regulatory aspects of model risk management.