Model Risk Analyst/Associate
On-site · Mumbai, Maharashtra, India
Mumbai, Maharashtra, IndiaOn-siteFull TimeMid LevelDoctorate Or Professional DegreeInvestment BankingEnterprise
Type
Full Time
Level
Mid Level
Education
Doctorate Or Professional Degree
Company size
Enterprise
Industry
Investment Banking
Job Summary
Model Risk Analyst/Associate in the Model Risk Governance and Review group. Assess the conceptual soundness of complex pricing and electronic market making models; develop and implement alternative model benchmarks and performance tests; liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage; maintain model risk control apparatus and serve as the first point of contact for the coverage area.
Required Qualifications
- Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics)
- Bachelor’s degree with 3–5 years, Master’s degree with 2–4 years, or PhD with 0–2 years of experience in quantitative models for derivatives and/or electronic market making
- Excellence in probability theory, stochastic processes, statistics, and numerical analysis
- Strong understanding of option pricing theory and quantitative models for derivatives
- Experience with Monte Carlo simulation and numerical methods, familiarity with calibration techniques and performance benchmarking
- Strong analytical problem-solving skills and clear written/verbal communication, ability to articulate technical issues to diverse stakeholders
- Proficiency in Python, SQL and C/C++ programming
- Curious, ownership-driven, and teamwork-oriented mindset
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