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  • Quantitative Analyst, Model Validation, AVP - London - Jobs via eFinancialCareers

    Jobs via eFinancialCareers
    Jobs via eFinancialCareers London

    2 months ago

    Description
    Role

    Jefferies is looking for an Assistant Vice President Quantitative Analyst to join our Model Validation function.

    Key Responsibilities

    Perform independent validation and approval of models, including raising and managing model validation findings
    Conduct annual review and revalidation of existing models
    Provide effective challenge to model assumptions, mathematical formulation, and implementation
    Assess and quantify the model risk arising from model limitations, to inform stakeholders of their risk profile and development of compensating controls
    Contribute to strategic, cross-functional initiatives within the model risk team
    Oversee ongoing model performance monitoring, including benchmarking, process verification and outcome analysis performed by model developers
    Communicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and management
    Contribute to automation/AI efficiency initiatives

    Qualifications

    MSc or preferably PhD in a quantitative field (physics, mathematics, computer science, financial engineering, etc.)
    Understanding of all aspects of the VaR computation framework and Counterparty Credit Risk modelling
    Strong Python coding skills preferable
    Strong communication skills with the ability to find practical solutions to challenging problems
    Teamwork and collaboration skills a must
    Experience with risk model validation and/or development of Internal Liquidity Stress Test models

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