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Risk MGG CIB eTrading Models Associate

1.00 to 2.00 Years   Mumbai City   21 Jan, 2020
JPMorgan
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryIT - Software
Functional AreaRisk / Underwriting
EmploymentTypeFull-time

Job Description

  • The successful candidate will be a member of the MGG Group covering E-Trading across all asset classes, and will focus on the following activities:
  • Engage in new model validation activities for all E-Trading models in the coverage area - evaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; fit for purpose; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model.
  • Conduct independent testing
  • Perform additional model review activities ranging from proposed enhancements to existing models, extensions to scope of existing models.
  • Liaise with Trading Desk, Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions & limitations, and findings for ongoing performance assessment & testing
  • Maintain model risk control apparatus of the bank for the coverage area & serve as first point of contact
  • Keep up with the latest developments in coverage area in terms of products, markets, models, risk management practices and industry standards
Essentialskills, experience, and qualifications:
  • Strong quantitative & analytical skills: The role requires a strong quantitative background based on a PhD or Masters Degree (or equivalent) in a quantitative discipline such as Math, Statistics, Science, Economics, Engineering, Math Finance.
  • Domain expertise in following areas: Expertise in Statistics, Math Finance, Machine Learning. Knowledge and experience in algorithmic trading/market making strategies such as transaction cost analysis, dark order execution, order placement, price signals. Derivatives pricing knowledge is an asset. Experience in one or more of the following asset classes: Interest Rate/Credit /Equity/FX/Commodity.
  • Prior experience in following backgrounds (1-2 years): Quantitative Model Development, Model Validation, Trading or Technology focused on E-Trading including automated execution/market-making algorithms.
  • Excellent writing skills: previous experience in writing scientific text with the ability to describe evidence and present logical reasoning clearly.
  • Strong communication skills and ability to interface with other functional areas in the bank on model-related issues
  • Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess materiality and escalate issues
,

Keyskills :
front officerisk control trading deskmusic making cost analysisstress testing risk managementmodel validation

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