Algo Trading Model Validation Specialist

3 weeks ago

London, United Kingdom eFinancialCareers Full time

Job Summary
- London
- Permanent
- JN -022023-1926059
- Feb 22, 2023
- Competitive

**Job Description**:
Global investment bank seeks an AVP level Quant Analyst as part of its expanding Model Risk function to focus on algo trading models.
You will join the Model Risk Management (MoRM) team which provides oversight and governance for senior managers of model analytics and their implementation into the risk architecture that drive valuation, risk, and stress results. Model Validation as part ofMoRM is responsible for the independent review and analysis of all pricing and algo trading models used for valuation and risk across the Bank.
As a Model Validation Specialist, you will be responsible for validating models. You will be responsible for validating the appropriateness of model usages as well as its appropriateness for the existing internal and external banking environment and, if required,carry out your own analysis to assess the models. You will also be responsible for creating validation reports.
**What we'll offer you**
A healthy, engaged, and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeingat its centre.
You can expect:

- Hybrid working arrangements with the opportunity to work in the office and remotely from home
- Competitive salary and non-contributory pension
- 30 days' holiday plus bank holidays, with the option to purchase additional days
- Life Assurance and Private Healthcare for you and your family
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
- The opportunity to support a wide-ranging CSR programme + 2 days' volunteering leave per year

**Your key responsibilities**:

- Review, analyse and perform robust independent model validation for algo trading models
- Perform model validation testing and derive conclusions resulting in a proper assessment of the model risk involved
- Review and study the mathematical models used, implementation methods, products traded in these markets, and the associated risks
- Present outcomes from reviews and studies in high quality reports to key model stakeholders including Front Office Trading/ Front Office Quants

**Your skills and experience**:

- Previous relevant experience either as a model developer or validator
- Highly analytical, deep understanding of mathematical/statistical models and their implementation in finance
- Experience in scientific programming and data visualisation in Python or R
- Experience working with tick data databases for validation analysis is preferred
- Hands-on-mentality, good communication, interpersonal skills, ability to work solely and as a part of a larger team

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

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