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- Tasks: Validate and approve models, assess risks, and communicate findings to stakeholders.
- Company: Join Jefferies, a leading firm in financial services with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Why this job: Make an impact by ensuring the integrity of models that drive business decisions.
- Qualifications: MSc or PhD in a quantitative field; strong analytical and programming skills required.
- Other info: Collaborative team environment with exciting cross-functional initiatives.
The predicted salary is between 36000 - 60000 £ 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
Contact Detail:
Jefferies 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 professionals in the quantitative analysis field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical skills and model validation concepts. We recommend practising common interview questions and even doing mock interviews with friends or mentors to boost your confidence.
✨Tip Number 3
Showcase your analytical skills through real-world examples. When discussing your experience, we suggest highlighting specific projects where you’ve tackled model validation challenges. This will help you stand out as a candidate who can deliver practical solutions.
✨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 Associate Quantitative Analyst, Model Validation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your quantitative skills and relevant experience. We want to see how your background in physics, mathematics, or financial engineering aligns with the role of Associate Quantitative Analyst.
Showcase Your Communication Skills: Since strong communication is key for this role, include examples where you've effectively communicated complex ideas. We love seeing how you can break down challenging concepts for different audiences.
Highlight Teamwork Experience: Collaboration is a must for us! Share instances where you've worked in teams, especially on cross-functional projects. This will show us that you can contribute to our model risk team effectively.
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’s super easy!
How to prepare for a job interview at Jefferies
✨Know Your Models Inside Out
Make sure you have a solid understanding of the models you'll be validating. Brush up on derivatives valuation, market and credit risk management, and any specific models mentioned in the job description. Being able to discuss these confidently will show your expertise.
✨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.
✨Showcase Your Communication Skills
Since strong communication is key for this role, prepare examples of how you've effectively communicated complex ideas in the past. Think about times when you had to challenge assumptions or present findings to stakeholders—this will highlight your ability to convey important information clearly.
✨Emphasise Teamwork and Collaboration
The role requires collaboration within the model risk team, so be ready to discuss your experiences working in teams. Share specific examples of how you've contributed to cross-functional initiatives and how you handle differing opinions to reach a consensus.
