Senior Analyst/Manager – Model Development

Hipotz; Bengaluru, Mumbai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A financial services firm is seeking a Sr. Analyst / Manager in Model Development based in Bangalore. The role involves assisting in the development and maintenance of risk models and requires proficiency in Python and understanding of financial markets. Candidates should have strong experience with pricing models and a good grasp of derivatives. This position offers a chance to lead in a dynamic environment with a focus on model validation and improvement.

Qualifications

• 3-5 years experience for Senior Analyst or 5-8 years for Manager.
• Previous experience in pricing models is a must.
• Ability to prioritize tasks effectively.

Responsibilities

• Assist with risk model development and maintenance.
• Develop and improve counterparty exposure models.
• Design and run model validation tests.

Skills

Understanding of financial markets and products

Knowledge of principles of derivatives pricing

Knowledge of stochastic calculus

Familiarity with Python

Experience in SIMM model

Experience in economic capital

Understanding of counterparty exposure measures

Good time management

Tools

Python

R

Excel

VBA

Job description

Overview

Position Title: Sr. Analyst / Manager – Model Development

Experience: Senior Analyst-2 (3-5 years) / Manager-1 (5-8 years)

Location: Mumbai / Bangalore

Model Development : Prescreening

Responsibilities and Qualifications

• Understanding of financial markets and products including derivatives
• Knowledge of principles of derivatives pricing
• Knowledge of stochastic calculus
• Familiarity with Python (mandatory), R, Excel and VBA
• Experience in SIMM model
• Experience in economic capital
• Understanding of counterparty exposure measures such as PFE, EE, CVA
• Assist with risk model development and maintenance
• Develop, maintain and improve counterparty exposure models
• Design and run model validation tests, for both model assumptions and implementation. Investigate issues and propose changes where there are model weaknesses.
• Specify and test system changes to implement improvements.
• Investigating issues and resolve quickly
• Previous experience in pricing models is a must
• Good time management and ability to prioritize