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- Tasks: Validate pricing models for investment banking across various asset classes.
- Company: Join a leading global investment bank in the UK, known for its innovative financial solutions.
- Benefits: Enjoy competitive pay, professional growth opportunities, and a collaborative work environment.
- Why this job: Be part of a dynamic team impacting trading strategies and model accuracy in finance.
- Qualifications: PhD in Mathematics, Financial Mathematics, Physics, or Statistics preferred; experience in Model Validation is a plus.
- Other info: Engage with key stakeholders and contribute to strategic initiatives within the bank.
The predicted salary is between 43200 - 72000 £ per year.
Alexander Ash is hiring on behalf of a leading global investment bank in the UK for a Model Validation Specialist (Quantitative Analyst) role. In this position, you will join a dedicated team responsible for validating pricing models used by the investment banking trading desk across all asset classes. In addition, the team is responsible for validating other models, like Reserve Methodologies, Fair Valuation Adjustments, the Liquidity Reserve Modelling etc.
Your Responsibilities:
- Review and analyse mathematical assumptions of models used in Pricing Interest Rate Derivatives.
- Review implementation methods, products traded in the IR markets, and the associated risks.
- Responsible, where appropriate, for the review of models/payoffs of products independently implemented in a managed library.
- The outcome of review, analysis and independent implementation forms the basis of discussion with key model stakeholders including Front Office Trading; Front Office Quants; Market Risk Managers.
- Additional responsibilities include active engagement with the due diligence aspects of the New Product Approval Process and involvement in bank wide strategic initiatives.
Key skills and experience:
- A Doctor of Philosophy (PhD) qualification in numerate subject such as Mathematics, Financial Mathematics, Physics, or Statistics would be beneficial
- Demonstrable experience in a Model Validation or Front Office Quant role
- Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms
- Deep understanding of Interest Rates derivative models
Model Validation Specialist employer: Alexander Ash Consulting
Contact Detail:
Alexander Ash Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Validation Specialist
✨Tip Number 1
Make sure to brush up on your knowledge of Stochastic Calculus and Partial Differential Equations. Being able to discuss these concepts confidently during your interview will show that you have the technical expertise needed for the role.
✨Tip Number 2
Familiarize yourself with the specific pricing models used in Interest Rate Derivatives. Understanding how these models are applied in real-world scenarios will help you engage effectively with stakeholders during discussions.
✨Tip Number 3
Network with professionals in the investment banking sector, especially those working in model validation or quantitative analysis. This can provide you with insights into the role and potentially lead to referrals.
✨Tip Number 4
Stay updated on the latest trends and regulations in financial modeling and risk management. Demonstrating your awareness of current industry standards can set you apart from other candidates.
We think you need these skills to ace Model Validation Specialist
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and requirements of the Model Validation Specialist position. Highlight your relevant experience in model validation and quantitative analysis in your application.
Tailor Your CV: Customize your CV to emphasize your PhD qualification and any relevant experience in financial mathematics or statistics. Include specific examples of your work with interest rate derivatives and model validation.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your skills and experiences to the job description. Discuss your understanding of stochastic calculus and other mathematical methods mentioned in the job listing.
Highlight Collaboration Skills: Since the role involves engaging with various stakeholders, make sure to mention any experience you have working collaboratively with trading desks, quants, or risk managers in your application.
How to prepare for a job interview at Alexander Ash Consulting
✨Showcase Your Mathematical Expertise
Be prepared to discuss your understanding of complex mathematical concepts such as Stochastic Calculus and Partial Differential Equations. Highlight any relevant projects or research that demonstrate your proficiency in these areas.
✨Understand the Role of Model Validation
Familiarize yourself with the specific models used in pricing Interest Rate Derivatives. Be ready to explain how you would approach validating these models and what key factors you would consider during your analysis.
✨Engage with Stakeholders
Since the role involves discussions with Front Office Trading and Market Risk Managers, practice articulating your thoughts clearly and confidently. Prepare examples of how you've successfully communicated complex ideas to non-technical stakeholders in the past.
✨Demonstrate Your Problem-Solving Skills
Prepare to discuss scenarios where you've encountered challenges in model validation or quantitative analysis. Explain your thought process and the steps you took to resolve these issues, showcasing your analytical thinking and decision-making abilities.
