At a Glance
- Tasks: Validate and enhance pricing models for major banks in a fully remote role.
- Company: Leading financial institution focused on quantitative risk and model validation.
- Benefits: Remote work, competitive salary, and opportunities for professional growth.
- Other info: Dynamic role with exposure to complex regional banking environments.
- Why this job: Join high-impact projects and make a difference in capital markets.
- Qualifications: 5+ years in Quantitative Analytics with strong programming skills.
The predicted salary is between 60000 - 80000 £ per year.
We are supporting leading banks and financial institutions across Saudi Arabia and the GCC who are strengthening their quantitative risk and model validation capabilities. We are seeking experienced Quantitative Pricing / Model Validation professionals with strong exposure to derivative pricing models and XVA / CVA frameworks. This role is fully remote, working on high-impact projects across capital markets and risk functions. This opportunity is ideal for technically strong quants who have validated or developed models across one or more key asset classes and want exposure to complex regional banking environments.
Key Responsibilities
- Independently validate pricing and risk models across one or more asset classes: Interest Rates, FX, Equities, Commodities, Fixed Income, Non-linear / Exotic Derivatives.
- Review and challenge XVA frameworks including CVA, DVA, FVA, and related counterparty credit risk methodologies.
- Perform independent benchmarking, sensitivity analysis, stress testing and model performance assessments.
- Assess model assumptions, limitations, and implementation risks.
- Review model documentation and ensure alignment with regulatory expectations.
- Engage with Front Office, Market Risk, Credit Risk and Model Development teams.
- Support regulatory submissions and internal governance processes.
- Contribute to model risk framework enhancements.
Requirements
- 5+ years’ experience in Quantitative Analytics, Model Validation or Model Development within a bank or financial institution.
- Strong hands-on exposure to XVA / CVA modelling.
- Experience covering at least one of the following asset classes: Interest Rate Derivatives, FX Derivatives, Equity Derivatives, Commodities, Fixed Income, Non-linear / Exotic products.
- Strong understanding of stochastic calculus, pricing theory and risk-neutral valuation.
- Familiarity with regulatory frameworks impacting model validation (Basel, SR 11-7 equivalent frameworks, local GCC regulations advantageous).
- Strong programming skills (Python, C++, MATLAB, R or similar).
- Experience reviewing model documentation and conducting independent validation reports.
Technical Skills
- Monte Carlo simulation.
- PDE methods.
- Numerical methods for derivatives pricing.
- Counterparty credit risk modelling.
- Exposure simulation frameworks.
- Greeks and sensitivities analysis.
- Strong data analysis capability.
Education
- Master’s or PhD in Quantitative Finance, Financial Mathematics, Mathematics, Physics, Engineering or similar quantitative discipline.
Senior Quantitative Model Validation Analyst - XVA / CVA (Remote) employer: Capitex
As a leading employer in the financial services sector, we offer a dynamic and inclusive work culture that prioritises employee growth and development. Our fully remote role allows you to engage with high-impact projects across capital markets while enjoying the flexibility of working from anywhere, making it an ideal opportunity for experienced quants looking to advance their careers in a supportive environment. With a focus on innovation and collaboration, we empower our team members to challenge themselves and contribute meaningfully to the evolving landscape of quantitative risk and model validation.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Quantitative Model Validation Analyst - XVA / CVA (Remote)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and quantitative modelling space. Attend virtual meetups or webinars related to XVA/CVA to meet potential employers and showcase your expertise.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Be ready to discuss your experience with derivative pricing models and how you've tackled challenges in model validation. We want you to shine!
✨Tip Number 3
Showcase your projects! If you've worked on high-impact projects, be sure to highlight these during interviews. Discuss the methodologies you used and the outcomes achieved to demonstrate your value.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Quantitative Model Validation Analyst - XVA / CVA (Remote)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your experience in quantitative analytics and model validation. We want to see how your skills align with the specific requirements of the role, so don’t be shy about showcasing your expertise in XVA/CVA frameworks!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your background makes you a perfect fit. We love seeing candidates who can connect their experiences to the challenges we face in the financial sector.
Showcase Your Technical Skills:Don’t forget to highlight your programming skills and any relevant technical projects you've worked on. We’re looking for quants who are not just theoretically strong but also have hands-on experience with tools like Python or MATLAB.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Capitex
✨Know Your Models Inside Out
Make sure you have a solid grasp of the derivative pricing models and XVA/CVA frameworks. Be prepared to discuss specific models you've worked on, including their assumptions and limitations. This will show your depth of knowledge and experience in quantitative analytics.
✨Brush Up on Regulatory Knowledge
Familiarise yourself with the regulatory frameworks that impact model validation, such as Basel and local GCC regulations. Being able to discuss how these regulations influence your work will demonstrate your understanding of the broader context in which financial institutions operate.
✨Showcase Your Technical Skills
Highlight your programming skills, especially in Python, C++, MATLAB, or R. Be ready to provide examples of how you've used these languages for model validation or development. This will help illustrate your technical capabilities and problem-solving skills.
✨Engage with Real-World Scenarios
Prepare to discuss real-world scenarios where you've validated models or conducted stress testing. Use specific examples to illustrate your thought process and decision-making. This will help interviewers see how you apply your knowledge in practical situations.
