Counterparty Risk Modeling Associate – CVA/XVA Focus

Selby Jennings; New York (NY); On-site; USD 110,000 - 170,000; Full time

Job summary

Selby Jennings is recruiting an Associate for the Counterparty Risk Modeling team at a leading global investment bank. The role focuses on oversight, enhancement, and performance monitoring of counterparty risk models used to measure derivatives exposure across global markets.

The candidate will collaborate with Risk, Front Office, and Technology to drive model improvements, support new product initiatives, and ensure risk frameworks remain robust and aligned with evolving regulatory

Qualifications

• 1-4 years of experience in quantitative risk, market risk, counterparty credit risk, model development/validation or related function.
• Experience with CVA, XVA, PFE and EPE models and derivatives pricing concepts.
• Proficiency in Python or SQL with strong problem-solving and communication skills.

Responsibilities

• Assist in the development and maintenance of counterparty risk models (PFE, EPE and SIMM).
• Conduct ongoing model performance reviews and investigations into material risk movements.
• Partner with technology teams on model implementation, testing initiatives, and enhancements for new products and business activity.
• Collaborate with trading, risk, and operations stakeholders to improve risk measurement frameworks and deliver analytical insights.

Skills

Python

SQL

Quantitative risk

Job description

Selby Jennings is recruiting an Associate for the Counterparty Risk Modeling team at a leading global investment bank. The role focuses on oversight, enhancement, and performance monitoring of counterparty risk models used to measure derivatives exposure across global markets.

The candidate will collaborate with Risk, Front Office, and Technology to drive model improvements, support new product initiatives, and ensure risk frameworks remain robust and aligned with evolving regulatory