Role & responsibilities

The Valuation Control Model Validation Group within Model Validation is the team that analyses, reviews & validates the models developed within the Valuation Control division. This group assesses the integrity and suitability of the Model parameters including calibrated and unobservable parameters, perform implementation testing and highlight any model risks. This group is also responsible to determine an appropriate classification for Model Risk Rating.

The outcome of the model review must be discussed and agreed with the Model Owners, who are primarily Global and Regional Heads of Valuations.

The current opening is for a quant in the VCMVG group. Additionally, the role also gives opportunity to develop additional into validation of derivative pricing and hedging models developed by Front Office (e.g. Libor Market Model, Local Volatility and Stochastic Volatility modelling approaches)





Review internally and externally developed Valuation Control models (with additional chance to start working on Front Office derivative pricing models) Ensure that the model meets its stated objective and intended use.

- Perform model validation which would include:
- Development of tools for Implementation testing to ensure that the production model is consistent with its theoretical basis
- Assessment of the integrity and suitability of Model parameters
- Analysis of Model Assumptions and quantification of model Risk
- Preparation of model validation documentation
- Ability to communicate with regional stakeholders and senior management
- Ability to work effectively on multiple projects across model types

Interested candidates can share your updated cvs - [email protected]

📌 Quant models with Valuation Control (Mumbai)
🏢 Symphoni HR
📍 Mumbai