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Urgent! Manager - Derivatives Valuation Model Validation & Counterparty Credit Risk Model Validation Job Opening In Kolkata – Now Hiring Genpact
Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future.
Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients.
Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.
Inviting applications for the role of Assistant Manager/Manager/Sr. Manager, Model Validation
In this role, you will be responsible for model development, implementation & documentation
Responsibilities
You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models as necessary.
Your activities will include, but will not be limited to the following:
• Independent model validation, especially comprehensive model validation within 2nd line of defense, using SR 11-7 or similar guidelines
• Exhaustive model validation will include conceptual assessment of model’s use, methodology, assumptions, limitations and on-going monitoring and control, model’s outcome analysis
• Development of benchmark models may be required.
• Assessment of the model monitoring and implementation process.
Assessment of the model calibration techniques
• Prepare model validation report summarizing findings and provide recommendations
Qualifications we seek in you!
Minimum Qualifications / Skills
• Post-graduate degree / diploma in any of Statistics, Mathematics, Economics / Econometrics, Physics from reputed institutes with courses in Financial Engineering or FRM / CQF Level 1
• Undergraduate degree in Engineering from reputed institutes with courses in Financial Engineering or FRM / CQF Level 1
• Relevant experience in Banking or Capital Markets, with experience in market risk model validation.
• Good understanding and experience in at least one of the regulatory risk modeling / validation guidelines – SR 11-7, FRTB, Stress Testing, Basel III IMA, CAR: Chapter 9,etc.
• Exposure to any treasury system such as Murex, Calypso etc.
or market data providers such as Bloomberg and Reuters.
• Knowledge of VaR, Expected Shortfall or Counterparty Credit Risk modelling.
• Knowledge of product valuation in any of Fixed Income or Derivatives
• Knowledge of stochastic models such as Black Scholes, Hull & White, SABR etc) will be added advantage.
• Working knowledge of Excel, Python/R in this field.
• Good communication/presentation skills – written & verbal
• Self-driven, proactive, “can-do” attitude.
Ability to work under ambiguity and with minimal supervision
Preferred Qualifications/ Skills
• Strong networking, negotiation and influencing skills
• Some understanding and experience in at least one of the regulatory risk modeling/validation guidelines – SR 11-7, FRTB etc
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Unlock Your Manager Derivatives Potential: Insight & Career Growth Guide
Real-time Manager Derivatives Jobs Trends in Kolkata, India (Graphical Representation)
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Great news! Genpact is currently hiring and seeking a Manager Derivatives Valuation Model Validation & Counterparty Credit Risk Model Validation to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Genpact adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Manager Derivatives Valuation Model Validation & Counterparty Credit Risk Model Validation Jobs India varies, but the pay scale is rated "Standard" in Kolkata. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Manager Derivatives Valuation Model Validation & Counterparty Credit Risk Model Validation typically include Financial Specialists and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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