Quantitative Analyst, Risk Models,VP

2 weeks ago

London, Greater London, United Kingdom Jefferies Full time £90,000 - £120,000 per year

Job Description
The primary mandate of 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.

Role
Jefferies is looking for a Vice President 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
  • Contribute to automation/AI efficiency initiatives

Qualifications

  • MSc or preferably PhD in a quantitative field (physics, mathematics, computer science, financial engineering, etc.)
  • Understanding of all aspects of the VaR computation framework and Counterparty Credit Risk modelling
  • Strong Python coding skills preferable
  • Strong communication skills with the ability to find practical solutions to challenging problems
  • Teamwork and collaboration skills a must
  • Experience (at least 5 years) with risk model validation and/or development

About Us
Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

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.

Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.

  • Quantitative Analyst, Risk Models,VP

    1 week ago

    London, Greater London, United Kingdom Jefferies Financial Group Full time £100,000 - £150,000 per year

    DescriptionThe primary mandate of 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...

  • Quantitative Analyst

    2 weeks ago

    London, Greater London, United Kingdom Validus Risk Management Full time £60,000 - £80,000 per year

    We are looking for a Quantitative Analyst to join our Quantitative Research team.This team is responsible for developing and validating the financial models that drive our market risk analytics, with a particular focus on liquidity risk and credit charges in private market portfolios.As part of a growing quantitative team—alongside Quant Development, Quant...

  • Quantitative Analyst

    1 week ago

    London, Greater London, United Kingdom Validus Risk Management Full time £30,000 - £60,000 per year

    We are looking for a Quantitative Analyst to join our Quantitative Research team. This team is responsible for developing and validating the financial models that drive our market risk analytics, with a particular focus on liquidity risk and credit charges in private market portfolios. As part of a growing quantitative team—alongside Quant Development,...

  • Quantitative Risk Analyst

    7 days ago

    London, Greater London, United Kingdom Schonfeld Full time £80,000 - £150,000 per year

    **Quantitative Risk Analyst, Cross-Asset DerivativesThe Role**We are seeking an exceptionally talented individual to join our Cross Asset Derivatives Risk Management team as a Quantitative Risk Analyst. This role will focus on risk management and portfolio oversight of the firm's Equity Derivatives, Macro EM and Delta One strategies, which include Equity...

  • Quantitative Risk Analyst

    7 days ago

    London, Greater London, United Kingdom Schonfeld Full time £100,000 - £200,000 per year

    Quantitative Risk Analyst, Cross-Asset Derivatives The RoleWe are seeking an exceptionally talented individual to join our Cross Asset Derivatives Risk Management team as a Quantitative Risk Analyst. This role will focus on risk management and portfolio oversight of the firm's Equity Derivatives, Macro EM and Delta One strategies, which include Equity vol,...

  • Algorithmic Trading Model Risk Quantitative Analyst

    7 days ago

    London, Greater London, United Kingdom Nomura Full time

    Job title: Algorithmic Trading Model Risk Quantitative AnalystCorporate Title: AssociateDepartment: Risk ManagementLocation: LondonCompany overviewNomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions,...

  • Pricing Model Validation Quantitative Analyst

    7 days ago

    London, Greater London, United Kingdom RBS Full time £80,000 - £120,000 per year

    Join us as a Pricing Model Validation Quantitative AnalystIn this key role, you'll review and independently validate assigned models, with a focus on pricing models, in accordance with the bank's model risk policy and risk appetiteYou'll apply your expertise in advanced quantitative modelling techniques, gained through business experience or applied academic...

  • Associate Quantitative Analyst, Model Validation

    2 weeks ago

    London, Greater London, United Kingdom Jobs via eFinancialCareers Full time £60,000 - £120,000 per year

    RoleJefferies is looking for an Associate Quantitative Analyst to join our Model Validation function.Key ResponsibilitiesPerform independent validation and approval of models, including raising and managing model validation findingsConduct annual review and revalidation of existing modelsProvide effective challenge to model assumptions, mathematical...

  • Quantitative Research Associate

    1 week ago

    London, Greater London, United Kingdom Validus Risk Management Full time £60,000 - £120,000 per year

    We are looking for an Associate Quantitative Analyst to join our Quantitative Research team.This team is responsible for developing and validating the financial models that drive our market risk analytics, with a particular focus on liquidity risk and credit charges in private market portfolios.As part of a growing quantitative team—alongside Quant...

  • Quantitative Analyst

    17 hours ago

    London, Greater London, United Kingdom Campion Pickworth Full time

    Our client is looking for a Quantitative Analyst to join the Market Risk and Derivatives Pricing team within their London office with hybrid working. You would be leading a series of regulatory and risk modelling projects including Derivative Pricing, Market Risk and CVA. To be successful in the role you will have a strong quantitative academic and technical...