Job Title: Model Validation Quant (CVA/XVA)
Location: London
Contract Type: Inside IR35
Role Overview:
We are seeking a highly skilled Model Validation Quant to join a Model Risk team, with the ability to contribute from day one. The role will focus on validating a backlog of models and supporting the implementation of new CVA models.
Key Responsibilities:
* Validate existing CCR/CVA/XVA models and ensure alignment with risk and regulatory standards.
* Support the development and implementation of new CVA models.
* Collaborate with the Model Risk team to maintain and update the book of model validations.
* Provide guidance and insights based on experience with risk models and XVA frameworks.
Required Experience & Skills:
* Strong experience in XVA, CCR or CVA modelling
* Proficiency in Python (mandatory); C++ is useful but not required.
* Familiarity with risk models, including PFE (simulation/Monte Carlo), XVA (American Monte Carlo), and VAR (historical simulation and pricing).
* Proven track record of working in a similar context; able to contribute immediately.