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- Tasks: Validate and approve financial models, ensuring accuracy and managing risks.
- Company: Join Jefferies, a leading global investment banking firm with a diverse culture.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Why this job: Make an impact in finance by tackling real-world challenges with innovative solutions.
- Qualifications: MSc or PhD in a quantitative field; strong analytical and programming skills required.
- Other info: Dynamic team environment with a commitment to diversity and inclusion.
The predicted salary is between 28800 - 48000 £ per year.
The primary mandate of the Model Validation Team is to manage risk that arises from models used in the firm throughout its range of businesses, including models used for derivatives valuation, market and credit risk management, liquidity, and capital computations. The team is responsible for independently reviewing models for validity, theoretical consistency and implementation accuracy, as well as assessing the risk associated with model choice.
Jefferies is looking for an Associate 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.
- MSc or preferably PhD in a quantitative field (physics, mathematics, computer science, financial engineering, etc.).
- Strong communication skills with the ability to find practical solutions to challenging problems.
- Teamwork and collaboration skills a must.
- Strong analytical and programming skills (numerical techniques, coding in Python).
- Good familiarity with market risk and derivative pricing models.
Associate Quantitative Analyst, Model Validation employer: Jefferies Financial Group
Contact Detail:
Jefferies Financial Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Quantitative Analyst, Model Validation
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Jefferies on LinkedIn. A friendly chat can give us insider info and might even lead to a referral, which is always a bonus!
✨Tip Number 2
Prepare for the interview by brushing up on your quantitative skills and model validation concepts. We want to show that we can tackle those tricky questions with confidence and clarity.
✨Tip Number 3
Don’t forget to showcase our teamwork and collaboration skills during the interview. Share examples of how we’ve worked effectively in teams before – it’s all about proving we can fit into their culture!
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure our application gets seen. Plus, it shows we’re genuinely interested in being part of the Jefferies team.
We think you need these skills to ace Associate Quantitative Analyst, Model Validation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate Quantitative Analyst role. Highlight your MSc or PhD in a quantitative field and any relevant experience with model validation or risk management. We want to see how your skills align with what we're looking for!
Show Off Your Skills: Don’t forget to showcase your strong analytical and programming skills, especially in Python. If you've worked on numerical techniques or have experience with market risk models, let us know! This is your chance to shine.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're passionate about model validation and how you can contribute to our team. Be sure to mention your teamwork and communication skills, as these are key for us at Jefferies.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Jefferies Financial Group
✨Know Your Models Inside Out
Make sure you thoroughly understand the models you'll be validating. Brush up on your knowledge of derivatives valuation, market and credit risk management, and capital computations. Being able to discuss specific models and their limitations will show that you're not just familiar with the theory but can also apply it practically.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Be ready to tackle hypothetical scenarios where you might need to assess model assumptions or quantify model risk. Practising coding in Python and numerical techniques beforehand will help you feel more confident when discussing your technical skills.
✨Communicate Clearly and Effectively
Strong communication skills are key for this role. Practice explaining complex concepts in simple terms, as you'll need to convey model validation findings to stakeholders. Consider doing mock interviews with friends or colleagues to refine your ability to articulate your thoughts clearly.
✨Emphasise Teamwork and Collaboration
Since teamwork is crucial in this role, think of examples from your past experiences where you've successfully collaborated with others. Be prepared to discuss how you can contribute to cross-functional initiatives within the model risk team, highlighting your ability to work well with diverse groups.
