Assistant Vice President, Model Risk Quantitative Analyst

4 days ago

London, United Kingdom MUFG Bank, Ltd Full time

Assistant Vice President, Model Risk Quantitative Analyst page is loaded Assistant Vice President, Model Risk Quantitative Analyst Apply locations London time type Full time posted on Posted 3 Days Ago job requisition id 10066636-WD

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 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

OVERVIEW OF THE DEPARTMENT/SECTION

Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk governance framework across MUFG EMEA, and providing a holistic view of the risks facing MUFG in EMEA, including environmental and social risk management.

The EMEA Model Risk Management (EMRM) within ERM is responsible for model governance and the validation of models used by MUFG in EMEA. This includes, among others, derivative pricing models, risk models used for risk measurement and decision-making purposes, capital models, AI models, etc.

EMRM works closely with all stakeholders including Risk Analytics and Front Office quants to ensure that all models are validated on a periodic basis as well as at inception and changes. EMRM provides regular model risk reporting to model oversight committees and the Board.

MAIN PURPOSE OF THE ROLE 

Independent model validation of derivative pricing methodologies, both initial and periodic, across all asset classes and model types and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger models.

KEY RESPONSIBILITIES

  • Initial and periodic validation of pricing models
  • Designing, modelling and prototyping challenger models
  • Quantitative analysis and review of model frameworks, assumptions, data, and results
  • Testing models numerical implementations and reviewing documentations
  • Checking the adherence to governance requirements
  • Documentation of findings in validation reports, including raising recommendations for model improvements
  • Ensuring models are validated in line with regulatory requirements and industry best practice
  • Tracking remediation of validation recommendations

SKILLS AND EXPERIENCE

Experience :

Essential:

  • At least a first relevant experience in quantitative modelling (model development or validation) of pricing models

Optional:

  • Experience in any of other model types (AI models, Market risk models, Counterparty credit risk models, Capital models)

Competencies:

Essential:

  • Good background in Math and Probability theory - applied to finance.
  • Good knowledge of Data Science and Statistical inference techniques.
  • Good understanding of financial products.
  • Good programming level in Python or R or equivalent.
  • Good knowledge of simulation and numerical methods
  • Awareness of latest technical developments in financial mathematics, pricing, and risk modelling

Beneficial:

  • Experience with C++ or C# or equivalent

Optional:

  • Experience with AI models

Education :

  • A Postgraduate degree in a quantitative discipline (e.g., statistics, mathematics, mathematical finance, econometrics)

PERSONAL REQUIREMENTS

  • Strong problem solving skills
  • Strong numerical skills
  • A structured and logical approach to work
  • Excellent attention to detail
  • Excellent written and oral communication skills
  • Ability to clearly explain technical matters
  • A pro-active, motivated approach

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

Similar Jobs (5) Vice President, Quantitative Analyst locations London time type Full time posted on Posted 30+ Days Ago Vice President, Credit Risk Analyst (Hedge Funds) locations London time type Full time posted on Posted 18 Days Ago Assistant Vice President, Sanctions Regulatory Change locations London time type Full time posted on Posted 19 Days Ago

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them

#J-18808-Ljbffr

  • Assistant Vice President, Model Risk Quantitative Analyst

    6 days ago

    London, United Kingdom MUFG Bank, Ltd Full time

    Assistant Vice President, Model Risk Quantitative Analyst page is loaded Assistant Vice President, Model Risk Quantitative Analyst Apply locations London time type Full time posted on Posted 3 Days Ago job requisition id 10066636-WD Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group...

  • Financial Modeling Expert Vice President

    4 weeks ago

    London, Greater London, United Kingdom Citigroup Inc. Full time

    Citigroup Inc. is a global financial institution seeking a skilled Quantitative Analyst Vice President to join its Capital Quantitative Analysis team.The ideal candidate will possess strong analytical and problem-solving skills, with experience in creating and implementing cross-asset quantitative analytics for Markets Front Office. A background in advanced...

  • Vice President

    1 month ago

    London, United Kingdom Finitas Full time

    Job Description Vice President - Senior Fixed Income Analyst Up to £130,000 per annum London, UK Finitas has teamed up with a leading insurance company to recruit a Vice President - Senior Fixed Income Analyst who will drive impactful decision-making by supporting on various investment management activities. Requirements: Bachelor's degree (2:1 or...

  • Vice President

    2 weeks ago

    London, United Kingdom Finitas Full time

    Vice President - Senior Fixed Income Analyst Up to £130,000 per annum London, UKFinitas has teamed up with a leading insurance company to recruit a Vice President - Senior Fixed Income Analyst who will drive impactful decision-making by supporting on various investment management activities.Requirements:Bachelor's degree (2:1 or higher) with CFA, CA, or...

  • Vice President

    6 days ago

    London, United Kingdom Finitas Full time €130,000

    Job Description Vice President - Senior Fixed Income Analyst Up to £130,000 per annum London, UK Finitas has teamed up with a leading insurance company to recruit a Vice President - Senior Fixed Income Analyst who will drive impactful decision-making by supporting on various investment management activities. Requirements: Bachelor's degree (2:1 or...

  • Vice President

    2 weeks ago

    City Of London, United Kingdom Finitas Full time

    Vice President - Senior Fixed Income Analyst Up to £130,000 per annum London, UKFinitas has teamed up with a leading insurance company to recruit a Vice President - Senior Fixed Income Analyst who will drive impactful decision-making by supporting on various investment management activities.Requirements:Bachelor's degree (2:1 or higher) with CFA, CA, or...

  • Vice President

    2 weeks ago

    City Of London, UK, Central London, United Kingdom Finitas Full time

    Vice President - Senior Fixed Income Analyst Up to £130,000 per annum London, UKFinitas has teamed up with a leading insurance company to recruit a Vice President - Senior Fixed Income Analyst who will drive impactful decision-making by supporting on various investment management activities.Requirements:Bachelor's degree (2:1 or higher) with CFA, CA, or...

  • Strategic Risk Model Governance Vice President

    3 weeks ago

    London, Greater London, United Kingdom JPMorganChase Full time

    We are seeking a seasoned Quantitative Risk professional to join our Interest Rates team in the Model Risk Governance and Review Group, responsible for end-to-end model risk management across the firm. As a Quantitative Risk Model Governance Vice President in the Model Risk Governance team, you will be accountable for assessing and mitigating the model risk...

  • VP Model Risk Validation Analyst

    1 month ago

    London,, UK, United Kingdom Selby Jennings Full time

    About the Company - We are seeking a dynamic and experienced Vice President of Model Validation to lead our model validation team. The VP will oversee the validation process of all quantitative models, manage model risk, and provide strategic direction to enhance our model governance framework. If interested in this position, please apply or email an updated...

  • VP Model Risk Validation Analyst

    1 month ago

    London, United Kingdom Selby Jennings Full time

    About the Company - We are seeking a dynamic and experienced Vice President of Model Validation to lead our model validation team. The VP will oversee the validation process of all quantitative models, manage model risk, and provide strategic direction to enhance our model governance framework. If interested in this position, please apply or email an updated...

  • VP Model Risk Validation Analyst

    1 month ago

    London, United Kingdom Selby Jennings Full time

    About the Company - We are seeking a dynamic and experienced Vice President of Model Validation to lead our model validation team. The VP will oversee the validation process of all quantitative models, manage model risk, and provide strategic direction to enhance our model governance framework. If interested in this position, please apply or email an updated...

  • VP Model Risk Validation Analyst

    1 month ago

    London Area, United Kingdom Selby Jennings Full time

    About the Company - We are seeking a dynamic and experienced Vice President of Model Validation to lead our model validation team. The VP will oversee the validation process of all quantitative models, manage model risk, and provide strategic direction to enhance our model governance framework. If interested in this position, please apply or email an updated...

  • VP Model Risk Validation Analyst

    1 month ago

    London Area, United Kingdom Selby Jennings Full time

    About the Company - We are seeking a dynamic and experienced Vice President of Model Validation to lead our model validation team. The VP will oversee the validation process of all quantitative models, manage model risk, and provide strategic direction to enhance our model governance framework. If interested in this position, please apply or email an updated...

  • Senior Quantitative Model Governance Specialist

    1 month ago

    London, Greater London, United Kingdom Selby Jennings Full time

    About Selby Jennings - Our company seeks a highly skilled Vice President of Model Validation to lead our quantitative model validation team. The VP will oversee the validation process of all models, manage model risk, and provide strategic direction to enhance our model governance framework.Key Responsibilities:Lead the validation process of all quantitative...

  • Quantitative Research

    6 days ago

    London, United Kingdom JPMorganChase Full time

    Quantitative Research (QR) is an expert quantitative modelling group in J.Morgan, as well as a leader in financial engineering, data analytics, statistical modelling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product...

  • Quantitative Trading Strategist, Vice President

    2 weeks ago

    London, Greater London, United Kingdom State Street Full time

    About the RoleAs a Quantitative Trading Strategist, Vice President at State Street, you will play a pivotal role in creating and running your own eFX systematic trading strategies. This is an exciting opportunity for someone with extensive top-tier buy side quantitative trading experience to make their mark in the capital markets industry from day one.Your...

  • Quantitative Risk Model Analyst

    3 weeks ago

    London Area, United Kingdom N Consulting Global Full time

    Job SummaryWe are seeking a highly skilled Quantitative Risk Model Analyst to join our risk management team at N Consulting Ltd. The role focuses on developing, validating, and enhancing Internal Ratings-Based (IRB) and credit risk models to meet regulatory and business requirements. The successful candidate will leverage expertise in quantitative modeling,...

  • Vice President

    2 days ago

    London, United Kingdom ATTB - The Big Jobsite Full time

    Vice President - England - Attb - The Big JobsiteH9 Technical Recruitment are partnered with a Renewable Energy advisory client and hiring for a Vice President to be responsible for assisting with strong deal-flow to maintain the market position and enable future growth covering their Renewable Energy, Power and Infrastructure...

  • Highly Skilled FX Trading Systems Developer

    3 weeks ago

    London, Greater London, United Kingdom Acord (association For Cooperative Operations Research And Development) Full time

    About the RoleeFX Alpha Strategies Quantitative Analyst, Vice President: A Key Position for Innovative and Data-Driven Professionals.State Street is committed to fostering a culture of innovation, diversity, and social responsibility. We are seeking a highly skilled eFX Alpha Strategies Quantitative Analyst, Vice President to join our team and contribute to...

  • Equity - Quant Model Risk - Associate / Vice President

    7 months ago

    London, United Kingdom JPMorgan Chase & Co. Full time

    Model Risk Governance and Review Group (MRGR) carries out the review of models used across the firm and model risk governance. MRGR has a global presence across New York, London, Mumbai, and Paris. As a Quant Model Risk Associate / Vice President in MRGR team, you can expect to deal with developing model risk policy and control procedures, providing...