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- Tasks: Validate and approve models while tackling complex challenges in a dynamic environment.
- Company: Join Jefferies, a leading global investment banking firm with a commitment to diversity.
- Benefits: Competitive salary, diverse culture, and opportunities for professional growth.
- Why this job: Make an impact by contributing to innovative model validation and risk assessment.
- Qualifications: MSc or PhD in a quantitative field; strong analytical and programming skills required.
- Other info: Collaborative team environment with excellent career advancement opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Jefferies is looking for an Associate Quantitative Analyst to join our Model Validation function.
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.
Qualifications
- 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.
At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.
Associate Quantitative Analyst, Model Validation in Westminster 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 in Westminster
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Jefferies on LinkedIn. A friendly chat can give you 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. Be ready to discuss model validation and risk assessment in detail. We recommend practising with real-world scenarios to show off your analytical prowess.
✨Tip Number 3
Showcase your programming skills! If you’ve worked with Python or any numerical techniques, be sure to highlight specific projects or challenges you’ve tackled. This will demonstrate your hands-on experience and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the Jefferies team.
We think you need these skills to ace Associate Quantitative Analyst, Model Validation in Westminster
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. We want to see how your skills match what we're looking for!
Show Off Your Skills: Don’t forget to showcase your strong analytical and programming skills, especially in Python. Include specific examples of how you've used these skills in past projects or roles. This will help us see your practical problem-solving abilities.
Communicate Clearly: Strong communication skills are key for this role. When writing your application, be clear and concise about your experiences and how they relate to the responsibilities listed in the job description. We appreciate straightforwardness!
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets to the right people. Don’t miss out!
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 their assumptions, mathematical formulations, and implementations. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Prepare for Technical Questions
Expect to face technical questions related to quantitative analysis and programming, especially in Python. Practise coding problems and be ready to explain your thought process. This will demonstrate your analytical skills and problem-solving abilities.
✨Communicate Clearly and Effectively
Since strong communication skills are essential, practise explaining complex concepts in simple terms. Think about how you would present model validation findings to stakeholders who may not have a technical background. Clarity is key!
✨Show Your Team Spirit
Jefferies values teamwork and collaboration, so be prepared to discuss your experiences working in teams. Share examples of how you've contributed to group projects or initiatives, highlighting your ability to work well with others.
