Job Description
What you'll be doing
The candidate will participate in the assignments of the Group validating Models used in the for valuation and risk measurement of Financial Portfolios, Assets and Instruments as well as the formulation of Input and Output information from the Global Energy markets. She or he is based in London, Houston, Singapore or Bangalore.
The analyst bridges seven areas:
* Assessment that a Model is "fit for purpose"
* Analysis of Model algorithms applying different validation techniques which include using challenger models internally built or procured externally
* Review of process underlying a Model including inputs and outputs flows
* Determination of adjustments to Model required to mitigate weaknesses
* Maintenance and extension of the Model Validation policy
* Inventory of Models used within the Risk Management Function (RMF) and without as requested
* Collection of code and documentation for successive Model versions
The different professionals involved in these activities along with the Group manager will intervene on a Model at 3 levels:
1. The Scientist Senior Analyst will investigate the conceptual underpinnings of the Model and audit the embedded algorithms with a view to identifying limitations to the model and remediations ...