Principal Financial Engineer- Model Development

Passfort; Bengaluru; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

Moody’s in Bengaluru, India, seeks a Principal Financial Engineer to lead quantitative model logic design for credit rating models within our global analytics framework.

You will own analytical direction across the model suite, manage multiple projects, and collaborate with rating analysts and stakeholders to ensure consistency, governance, and high-quality deliverables.

Qualifications

• 10+ years in quantitative roles related to credit risk or rating models.
• Deep expertise in fixed income and structured finance, with cross-model consistency.
• Strong development skills in C#. Experience with C++, VBA, or Matlab.
• Ability to oversee complex quantitative logic while ensuring analytics.
• Proven leadership and autonomy in analytical environments.
• Interest in applying AI tools to improve workflows.

Responsibilities

• Lead model logic design and analytical direction for credit rating models.
• Manage multiple projects and allocate resources.
• Provide timing estimates and monitor execution.
• Define direction for quantitative design across models.
• Present logic to stakeholders and validate with analysts.
• Oversee implementation, enforce standards and governance.
• Mentor and guide team members.

Skills

Quantitative modeling

C# development

C++ / VBA / Matlab

Leadership & stakeholder mgmt

AI in analytics workflows

Education

PhD or MSc in Mathematics/Physics/Statistics

Tools

Matlab

VBA

C++

C#

Job description

Principal Financial Engineer- Model Development

Bengaluru, India

At Moody's, we unite the brightest minds to turn today’s risks into tomorrow’s opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are—with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways. Moody’s is transforming how the world sees risk. As a global leader in ratings and integrated risk assessment, we’re advancing AI to move from insight to action—enabling intelligence that not only understands complexity but responds to it. We decode risk to unlock opportunity, helping our clients navigate uncertainty with clarity, speed, and confidence.

Skills and Competencies

• 10+ years of relevant professional experience in a quantitative role (e.g., credit risk, rating models, structured finance)
• Deep quantitative expertise with ownership of business logic design for credit rating models across the model suite. Very strong understanding of fixed income and financial mathematics, including understanding of structured finance; ability to apply this to cross-sector model consistency and suite-level analytical decisions
• Good development skills in C#. Experience using C++, VBA or Matlab is a plus. Experience in guiding and challenging technical choices, not only implementing them
• Ability to oversee and challenge implementation of complex quantitative logic while ensuring analytical consistency, especially for novel analytical questions
• Outstanding management skills and proved ability to operate with a high degree of autonomy and own initiative while ensuring quality and consistency
• Strong judgment, leadership, and stakeholder management skills in complex analytical environments
• Experience or interest in using AI tools to improve efficiency and effectiveness of analytical and development workflows

Education

• PhD or MSc in Mathematics, Physics, or Statistics or a closely related quantitative discipline

Responsibilities

Lead quantitative model logic design and analytical direction for credit rating models, ensuring consistency and quality.

• Manage and develop resources effectively, execute multiple projects at one time
• Prioritize and organizing developments, provide timing estimates, monitor execution
• Own and set direction for quantitative business logic design across credit rating models
• Present and communicate business logic design with stakeholders, engaging with rating analysts to build understanding and validate draft logic
• Oversee and review implementation of model logic, ensure consistency and analytical soundness, apply and enforce development standards
• Act as an escalation point for complex analytical questions and model governance matters
• Provide leadership, mentoring, and guidance to team members

About the team

Our Credit Strategy and Standards – Modelling and Quantitative Analytics / Design and Analytics team is responsible for the development and maintenance of credit rating models used in the rating process. We contribute to Moody’s by designing and implementing robust quantitative model logic, ensuring consistency and comparability across the modelling suite, and strengthening analytical capabilities as we grow our team presence in Bangalore. By joining our team, you will be part of exciting work in quantitative modelling and credit risk analytics within a global ratings organization, with increasing collaboration across regions and a growing footprint in our Bangalore office.

Moody’s is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law. Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody’s Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.