Anlayst, Model Validation

2 weeks ago

London, Greater London, United Kingdom European Bank for Reconstruction and Development Full time


Requisition ID
34075

Office Country
United Kingdom

Office City
London

Division
Risk Management

Contract Type
Short Term

Contract Length
12 months

Posting End Date
14/11/2023

Purpose of Job
Under the supervision of the Associate Director, Model Validation, the Analyst contributes to the reviews and validations of quantitative models used to support Treasury, Risk Management and Controllers activities including recording of Treasury trades, valuation of collateral, measurement of market and credit risk, as well as assessment of economic capital utilisation.

Background
Model Validation is a function within Risk Policy & Analytics unit of the Risk Management department. The function is responsible for validation of quantitative models developed in-house and by external vendors for the purpose of financial reporting and calculation of key risk metrics. Strong, independent and competent model validation function is a necessary component of the assurance process supporting financial reporting and key element in mitigating model risk. The models reviewed and approved by the function cover: (i) construction of derived market data, (ii) measurement of market, credit and liquidity risk, (iii) measurement of economic capital and (iv) valuation of financial assets of the Bank for the propose of financial reporting.

Facts / Scale
No direct reports or budgetary responsibility
Working on different model validation backlog items under the supervision of Principal and/or Associate Director, Model Validation.
Key internal clients/relationships: Treasury, Controllers, other teams in Risk Management.

Accountabilities & Responsibilities
Contribute to annual review of market data inputs into models, by ensuring chosen data feed correctly into the appropriate systems.
Participate in the model validation of internally developed quantitative models with guidance from Principal and/or Associate Director, Model Validation. This should involve code review, error trapping and recovery.
Contribute to the review of new pricing codes, including consistency checks, verification of P&L explanations, validation of numerical methods used, payoff-function, etc

Knowledge, Skills, Experience & Qualifications
Masters in finance, maths or the sciences.
Strong analytical skills.
Ability to explain complex quantitative concepts in an accessible way and proven English language drafting skills.
Familiarity with options pricing theory, stochastic processes, Monte Carlo simulation.
Basic understanding of major capital markets instruments across asset classes, notably with respect to derivatives (including credit derivatives and hybrids).
Familiarity with any of the following: C++, Python, Matlab, R.
At least Internship experience in the same sector.

Competencies & Personal Attributes
Good communication and inter-personal skills with the ability to apply this across levels and functions.
Ability to work to deadlines and under time pressure.
Ability to think strategically and implement accordingly.
Attracted to the multi-cultural environment of EBRD as well as to the mission of the Bank with its challenges and opportunities.

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.

The EBRD environment provides you with:

  • Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
  • A working culture that embraces inclusion and celebrates diversity;
  • An environment that places sustainability, equality and digital transformation at the heart of what we do.

Diversity is one of the Banks core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.




Apply for this job

To help us track our recruitment effort, please indicate in your cover/motivation letter where ) you saw this internship posting.

  • Anlayst, Model Validation

    2 weeks ago

    London, Greater London, United Kingdom European Bank for Reconstruction and Development Full time

    Requisition ID34075Office CountryUnited KingdomOffice CityLondonDivisionRisk ManagementContract TypeShort TermContract Length12 monthsPosting End Date14/11/2023Purpose of JobUnder the supervision of the Associate Director, Model Validation, the Analyst contributes to the reviews and validations of quantitative models used to support Treasury, Risk Management...

  • Model Validation Specialist

    4 weeks ago

    London, Greater London, United Kingdom Deutsche Bank Full time

    Model Validation Specialist - VP Job ID:R Full/Part-Time: Full-time Regular/Temporary: Regular Listed: Location: London

  • Model Validation Manager

    4 weeks ago

    London, Greater London, United Kingdom Deutsche Bank Full time

    Model Validation Manager - VP Job ID:R Full/Part-Time: Full-time Regular/Temporary: Regular Listed: Location: London

  • Vice President, Model Validation

    2 days ago

    London, Greater London, United Kingdom MUFG Full time

    Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships,...

  • Risk Model Validation Quantitative Specialist

    1 month ago

    London, Greater London, United Kingdom Nexus Jobs Limited Full time

    Job Description Model Validation Quantitative Specialist London We require a Model Validation Risk Quant with at least 5 to 7 years of experience in IRB risk model validation. The candidate should be experienced in conducting independent model validation and quantification of model risk including necessary communication of key facts and issues identified...

  • Credit Risk Validation

    1 week ago

    London, Greater London, United Kingdom Barclays Full time

    As a Barclays Credit Risk Validation, you will conduct model validation analysis for a wide range of IRB and IFRS9 models and other model validation efforts. This is an opportunity to apply your expertise as a key member of the team, where your work will be crucially important for daily business management of the Barclays Group and its legal entities as well...

  • Quantitative Risk Analyst Validation

    6 days ago

    London, Greater London, United Kingdom Arthur Full time

    I am delighted to be collaborating with a Lloyds of London insurer, seeking a Quantitiative Risk Analyst. This individual will report directly to the senior risk actuary and support the validation of the internal capital model. Canidates from a capital background would be highly desirable alongside risk candiates with exposure to validation.Key...

  • Capital Modelling Analyst

    1 month ago

    London, Greater London, United Kingdom Arch Capital Group Full time

    With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable PossibilitySM.Role Summary and Purpose The role is for an actuarial analyst...

  • Catastrophe Modeling Analyst

    1 month ago

    London, Greater London, United Kingdom Selby Jennings Full time

    Position Overview: We are seeking a talented Catastrophe Modeling Analyst to join our team. The ideal candidate will have a strong background in quantitative analysis, data modeling, and risk assessment. You will work closely with our team of experts to develop and maintain catastrophe models, analyze data, and provide valuable insights to our clients.Key...

  • Risk, Model Risk Management, Vice President, London

    1 month ago

    London, Greater London, United Kingdom Goldman Sachs Full time

    RISK Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective...

  • Catastrophe Modeller

    6 hours ago

    City Of London, UK, Central London, United Kingdom Gravitas Recruitment Group Ltd Full time

    Catastrophe Modeller50-75k (Based on experience)Come and join this global insurance company for an incredible opportunity within their growing catastrophe modelling function!We are proud to partner with this global insurance company to look for a motivated catastrophe modeller with more than two years of experience to come and join a new catastrophe...

  • Analytics & Modeling Analyst

    2 days ago

    London, Greater London, United Kingdom Moody's Full time

    At Moody s, we unite the brightest minds to turn today's risks into tomorrow's opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways. If you are excited about this opportunity but...

  • Analytics & Modeling Analyst

    2 days ago

    London, Greater London, United Kingdom Moody's Full time

    Moody's is a developmental culture where we value candidates who are willing to grow. So, if you are excited about this opportunity but don't meet every single requirement, please apply You may be a perfect fit for this role or other open roles.Moody's is a global integrated risk assessment firm that empowers organizations to make better decisions.At...

  • Quantitative Model Developer

    1 week ago

    London, Greater London, United Kingdom Barclays UK Full time

    PragueAll potential candidates should read through the following details of this job with care before making an application.As a Barclays Quantitative Model Developer, you will participate in the development and maintenance of production regulatory market risk models. The area of activities includes: supporting AWS cloud based risk model systems, supporting...

  • Model Risk Manager

    2 days ago

    London, Greater London, United Kingdom Revolut Full time

    About Revolut People deserve more from their money.More visibility, more control, more freedom.And since 2015, Revolut has been on a mission to deliver just that.With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, we've helped 40 million customers get more from their money.And we're not done...

  • Analytics & Modeling Analyst

    1 day ago

    London, Greater London, United Kingdom Moody's Full time

    At Moody s, we unite the brightest minds to turn today's risks into tomorrow's opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways. If you are excited about this opportunity but...

  • Analytics & Modeling Analyst

    2 days ago

    London, Greater London, United Kingdom Moody's Full time

    Moody's is a developmental culture where we value candidates who are willing to grow. So, if you are excited about this opportunity but don't meet every single requirement, please apply You may be a perfect fit for this role or other open roles.Moody's is a global integrated risk assessment firm that empowers organizations to make better decisions.At...

  • Catastrophe Modeller

    6 hours ago

    City Of London, UK, Central London, United Kingdom IPS Group Full time

    Catastrophe ModellerCity of London / Hybridup to £75,000 (d.o.e) + highly competitive wider benefitsIPS are currently partnered with a global specialty Broker, during a period of exciting and impressive growth within which they are looking to expand on their Underwriting capabilities. They seek an ambitious Catastrophe Analyst to join a newly formed team,...

  • Capital Modelling Analyst

    1 month ago

    London, Greater London, United Kingdom American International Group, Inc. Full time

    Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver...

  • Senior Model Risk Manager

    1 month ago

    London, Greater London, United Kingdom Revolut Full time

    People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, weve helped 40+ million customers get more from their money. And were not done yet.As we...