Back to jobs
Our Client, a large Italian investment bank, is looking for a junior candidate to join the Group Internal Validation function within the Risk Management department. Overall, the successful candidates will be involved in the validation of quantitative models of all risks related to economic capital and stress testing framework, including Market, Credit, Liquidity and IRRBB models, as well as behavioural and prepayment models used by the ALM department.
The candidates will assess through quantitative/statistical techniques, the model conceptual soundness and performance, ensuring adherence with regulatory requirements and alignment with industry best practice.
All testing and findings are to be documented in validation reports including recommendations for model improvements.
The ideal candidate should have:
*Sound understanding of EU risk models (Market, Credit, Liquidity and IRRBB).
*2-4 years of experience in primary financial institutions or consulting firms;
*A degree in mathematics/statistics/econometrics (or equivalent) with a strong quantitative background including knowledge of statistical inference and hypothesis testing;
*An up-to-date knowledge of the regulatory framework (Basel III/IV);
*Knowledge of programming languages such as SAS, Python, R or VBA;
*Fluency in English (written and oral)
Junior Group Internal Validation
- Location Milan
- Job type Permanent
- Salary โฌ50000 - โฌ65000 per annum + negotiable
- Discipline Investment Banking
- Reference PR/271252_1601655168
The candidates will assess through quantitative/statistical techniques, the model conceptual soundness and performance, ensuring adherence with regulatory requirements and alignment with industry best practice.
All testing and findings are to be documented in validation reports including recommendations for model improvements.
The ideal candidate should have:
*Sound understanding of EU risk models (Market, Credit, Liquidity and IRRBB).
*2-4 years of experience in primary financial institutions or consulting firms;
*A degree in mathematics/statistics/econometrics (or equivalent) with a strong quantitative background including knowledge of statistical inference and hypothesis testing;
*An up-to-date knowledge of the regulatory framework (Basel III/IV);
*Knowledge of programming languages such as SAS, Python, R or VBA;
*Fluency in English (written and oral)