Quantitative Risk Mgmt Analyst - Financial Risk Developer

TIAA; Mumbai City; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

TIAA is seeking a Quantitative Risk Management Officer for Model Risk Management in Mumbai. You will work with Risk Data Analytics to build and enhance risk analytics systems and reports, focusing on market risk, model validation, and governance.

Strong Python experience and domain knowledge in asset management are essential. Ideal candidates have 3+ years experience (5+ preferred), and familiarity with risk engines, BI tools, and data visualization.

Qualifications

• Bachelor's degree in IT or related field.
• Experience with Python for financial risk analysis and modeling.
• Knowledge of Asset Management/Financial Risk Management data (equities, fixed income).

Responsibilities

• Market Risk Model Management.
• Model Development and Validation.
• Model Risk Assessment and Governance.

Skills

Python

Asset Management

Financial risk modelling

Communication

Programming

Quantitative analysis

Statistics

R language

Tableau

Power BI

Oracle

MS SQL

MySQL

Education

Bachelors degree in IT or related field

Tools

MSCI Risk Manager

FactSet

Job description

Quantitative Risk Management Officer - Model Risk Management
Undertake reviews and analysis across the portfolio for Market Risk. Undertake development or validation on classic quantitative models (investment risk, VaR, product pricing, etc)

Key Responsibilities and Duties

• Market Risk Model Management
• Model Development and Validation
• Model Risk Assessment and Governance
  Educational Requirements
• University (Degree) Preferred
  Work Experience
• 3+ Years Required; 5+ Years Preferred
• Physical Requirements: Sedentary Work

Career Level
7IC

Job Description

This position requires the candidate to work with Risk Data Analytics and Infrastructure team to build and enhance risk analytics systems, processes, reports to support the Enterprise Risk team at TIAA. The ideal candidate must have strong experience performing financial risk analysis and implementing models in Python.

Required Skills

• Bachelors in information technology or related fields
• Prior experience with Python to perform financial risk analysis and modeling.
• Prior experience and domain knowledge in Asset Management / Financial Risk Management Technology: Deep understanding of financial products data (Equities, Fixed Income)
• Excellent verbal and written communication skills.

Preferred Skills

• Experience in building various feeds to risk engines (MSCI Risk Manager, FactSet) using batch or service API.
• Experience with R
• Experience with reporting or data visualization tools (Tableau or Power BI)
• Experience with RDBMS (Oracle, MS SQL, MySQL)

Related Skills

Advanced Mathematics, Communication, Critical Thinking, Data Analysis, Financial Acumen, Financial Modeling, Market/Industry Dynamics, Model Validation, Prioritizes Effectively, Problem Solving, Programming, Quantitative Analysis, Statistics

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Company Overview

TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.

Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our Culture of Impact

At TIAA, we’re on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow’s challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen’s entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients’ lives grows stronger.

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