Stress Testing Associate

Jobtailor; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Jobtailor in London is seeking an experienced risk modeling professional to join the Stress Testing Group. You will develop and update prototype models for Market Risk and Counterparty Credit Risk, implement them into the strategic risk system, and ensure regulatory compliance.

The role requires strong mathematical and statistical skills, proficiency in Python/SQL/Matlab, and knowledge of financial products such as bonds and derivatives.

Qualifications

• Experience in Market Risk or Credit Risk with a good understanding of risk modelling.
• Credit experience preferred.
• Very good understanding of probability, statistics, stochastic calculus, linear algebra, and Monte Carlo techniques.
• MSc in a related discipline.
• Good knowledge of Python, SQL, Matlab, and VBA.
• Strong mathematical/statistical background.
• FRM, PRM, or CFA certification would be an advantage.

Responsibilities

• Work closely with Stress Testing Group, Model Validation Group, Treasury and others on stress testing framework projects.
• Develop and periodically update prototype models for Market Risk and Counterparty Credit Risk.
• Implement stress testing models into the strategic risk system.
• Develop methodology, write technical BRDs, perform model testing and calibration, ensure regulatory compliance.
• Act as SME and support model users in Stress Testing Group and Finance.

Skills

Market Risk Experience

Credit Risk Experience

Model Validation Expertise

Python Programming

Statistical Analysis

Probability

Statistics

Stochastic Calculus

Linear Algebra

Monte Carlo Techniques

Model Testing

Technical Business Requirement

Financial Products Knowledge

Model Calibration

Education

MSc in a related discipline

FRM

PRM

CFA

Actuarial CT Papers

Tools

Python

SQL

Matlab

VBA

GitLab

Job description

• Work closely with the Stress Testing Group, Model Validation Group, Treasury, and other groups on Stress Testing Framework projects


• Develop and periodically update prototype models, especially for Market Risk and Counterparty Credit Risk


• Implement stress testing models into the strategic risk system


• Develop methodology, build prototypes, write technical business requirement documents, perform model testing, ensure regulatory compliance, and liaise with the Model Validation Group


• Act as a subject matter expert and support model users in the Stress Testing Group and Finance


• Serve as a key point of contact for stress testing models


• Work on stress testing guidelines and perform firm-wide analysis to assess model impacts


• Create strategic tools using Python and migrate them to GitLab


• Participate in periodic model reviews and calibration of model parameters


• Support the Model Validation Group and Audit team during ongoing model validation and model changes


• Adhere to governance in related policies and procedures

Requirements

• Experience in Market Risk or Credit Risk with a good understanding of risk modelling


• Credit experience preferred


• Very good understanding of probability, statistics, stochastic calculus, linear algebra, and Monte Carlo techniques


• MSc in a related discipline


• Good knowledge of Python, SQL, Matlab, and VBA


• Good understanding of financial products, including bonds and derivatives


• Strong mathematical/statistical background


• Actuaries who have cleared at least 3 CT papers would be an advantage


• FRM, PRM, or CFA certification would be an advantage


• Familiarity with AI and related applications


• Ability to comply with UK right-to-work requirements; overseas workers may require a Tier 2 Skilled Worker visa

Core Competencies

Demonstrates expertise in developing and validating stress testing models for Market Risk and Counterparty Credit Risk, utilizing strong mathematical and statistical skills. Proficient in Python, SQL, and financial product knowledge to ensure regulatory compliance and effective model implementation.

Highest-signal resume keywords

• Market Risk Experience


• Credit Risk Experience


• Model Validation Expertise


• Python Programming


• Statistical Analysis

ATS Optimization Keywords

Hard Skills

• Risk Modelling


• Probability


• Statistics


• Stochastic Calculus


• Linear Algebra


• Monte Carlo Techniques


• Model Testing


• Technical Business Requirement Documentation


• Financial Products Knowledge


• Model Calibration

Certifications & Qualifications

• FRM


• PRM


• CFA


• Actuarial CT Papers

Industry Keywords

• Stress Testing Framework


• Regulatory Compliance


• Model Validation Group


• Treasury


• Financial Products


• Bonds


• Derivatives


• Governance Policies


• AI Applications


• Tier 2 Skilled Worker Visa

Tools & Technologies

• Python


• SQL


• Matlab


• VBA


• GitLab