Senior Quantitative Analyst

Luxoft Singapore; Singapore; On-site; SGD 150,000 - 200,000; Full time

Job summary

Luxoft Singapore seeks a Senior Quantitative Analyst to join Risk Management and support Model Risk Management and Independent Model Validation (IMV). You will validate Murex pricing, risk and calibration models and ensure governance and documentation.

You will collaborate with Risk, Front Office and HO Model Validation teams, map models to Murex configurations, train staff, and present findings to senior management.

Qualifications

• Murex pricing, valuation and risk models SME.
• End-to-end Murex model validation for derivatives, VaR, XVA.
• Map quantitative models to Murex configurations.
• Assess model implications across asset classes.
• Design and deliver technical training on Murex features.
• Produce validation reports for governance.
• Coordinate validation deliverables with HO and risk teams.
• Support model approval and remediation processes.
• Track validation findings and closures.

Responsibilities

• Perform independent model validation within Murex for pricing and risk.
• Collaborate with Risk, Front Office and HO Model Validation teams.
• Present findings to senior management and governance committees.
• Ensure documentation is governance-ready and traceable.

Skills

Murex expertise

Quant risk experience

Communication

Collaboration

Education

Bachelor's/Master's in quantitative field

Tools

Python

C++

MATLAB

SQL

Job description

We are seeking a highly skilled Senior Quantitative Analyst to join the Risk Management team and support the bank's Model Risk Management and Independent Model Validation (IMV) functions. You will be responsible for the end-to-end model validation of financial products within the Murex platform, ensuring all pricing, risk, and calibration models are robust, compliant, and accurately reflected. The candidate will possess strong quantitative skills, deep knowledge of the Murex platform across Front-to-Back workflows, and hands-on experience in model validation, risk analytics, and user enablement.

The role will partner closely with Risk, Front Office, and Head Office (HO) Model Validation teams to ensure that pricing, valuation, market risk, and regulatory models implemented within Murex are independently validated, governed, documented, and utilized effectively across the organization.

Responsibilitie

• sMurex Functional & Quantitative Expertise
• .Act as the subject matter expert (SME) for Murex pricing, valuation, and risk models
• .End-to-End Murex Model Validation: Conduct rigorous, independent model validation of derivatives pricing, market risk (VaR/FRTB), credit risk (XVA, PFE), and calibration models directly within the Murex platform
• .Functional & Technical Analysis: Map mathematical quantitative models to Murex configuration (e.g., MLC, MxML, Market Data Cubes, Pre-Trade/Post-Trade workflows) to ensure end-to-end integrity of risk numbers
• .Evaluate implementation of quantitative models across asset classes including
• :-Interest Rate Derivatives, FX Products, Credit Products, Fixed Income Securities, Structured Product
• sUser Training & Upskilling: Design and deliver technical training sessions for risk managers and system analysts regarding new Murex model features, analytics engines, and risk functionalities
• :Benchmarking, Sensitivity Analysis, Back-testing, Stress Testing, Scenario Analysis, Model Performance Assessmen
• tDocumentation: Produce clear, comprehensive validation reports detailing model assumptions, limitations, mathematical derivations, and testing results for internal governance and review
• .Support Head Office Model Risk Management teams in conducting Independent Model Validation activities
• .Coordinate information gathering, testing evidence, model documentation, and validation deliverables
• .Assist in model approval, remediation, and periodic review processes
• .Track validation findings and support closure of identified model risks and control gaps
• .Act as a key contact point for model-related queries and Murex functional support
• .Stakeholder Managemen
• tCollaborate with Front Office, Market Risk, Finance, and Technology teams
• .Engage with external consultants (Murex) and implementation teams
• .Present validation findings and recommendations to senior management and model governance committees where required

Requiremen

• tsMurex Expertise: Minimum of 5+ years of hands-on experience working directly with the Murex platform, end-to-end understanding of how Murex handles pricing analytics, curves, and risk matrice
• s.Quant Risk Experience: 6+ years of experience in quantitative risk management or model validation within a corporate/investment banking environmen
• t.Asset Class Knowledge: Strong understanding of financial products and quantitative valuation methodologie
• s.Technical Skills: Proficient in programming languages used for prototyping and data analysis (e.g., Python, C++, MATLAB, or R) alongside SQL for data extraction. Excel/VBA and Data Analytics & Reporting Tool
• s.Professional certifications such as FRM, CQF, CFA, or equivalent are preferre
• d.Education: Bachelor's or Master's degree in a highly quantitative field (Quantitative Finance, Financial Engineering, Mathematics, Statistics, or Physic

Soft Ski

• llsCommunication: Ability to translate complex quantitative concepts into plain, actionable language for non-technical stakeholders, senior management, and business use
• rs.Collaboration: Strong interpersonal skills to effectively collaborate across branches, IT teams, Vendor partners, and global Head Office risk divisio
• ns.Problem-Solving: A meticulous, analytical mindset with the ability to reverse-engineer discrepancies between theoretical models and system outpu