AVP - Risk Modeling PORTRAY PEOPLE PRIVATE LIMITED
PORTRAY PEOPLE PRIVATE LIMITED
Office Location
Full Time
Experience: 3 - 3 years required
Pay: INR 1800000 - INR 3000000 /year
Type: Full Time
Location: Bangalore
Skills: risk, Governance, Modeling, Development, Validation, quantative, model
About PORTRAY PEOPLE PRIVATE LIMITED
Job Description
Job Summary:
Looking for a skilled Model Validation Quant to independently validate financial models across asset classesspanning market risk, credit risk, capital models, and derivatives pricing. This position is part of the Enterprise Risk Management (ERM) team, focusing on robust model risk governance and regulatory compliance.
Responsibilities:
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Execute independent validation of quantitative models (initial and periodic)
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Build and prototype challenger models for benchmarking
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Analyze model assumptions, methodology, and outputs
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Test numerical implementations and review documentation quality
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Validate model governance compliance as per internal policies and regulations
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Prepare validation reports with detailed findings and recommendations
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Ensure resolution tracking of model validation issues
Required Experience:
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26 years in model validation or model development in finance
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Hands-on experience with:
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Market Risk Models (e.g., VaR, ES)
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Credit Risk Models (e.g., CVA, PFE, PD/LGD/EAD)
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Derivatives Pricing Models (e.g., Monte Carlo, Black-Scholes)
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Familiarity with regulatory standards (e.g., Basel, SR11-7) preferred