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We are looking for model validation quants for the Market Risk and Counterparty Credit Risk validation team, with focus areas including Market Risk (e.g. Fundamental Review of Trading Book), Counterparty Credit Risk, Initial Margin (e.g. SIMM), Comprehensive Capital Analysis and Review (CCAR), Internal Capital Adequacy Assessment Process (ICAAP), Economic Risk Capital, etc. The validation covers both technical and functional aspects, including model assumptions, conceptual soundness, mathematical formulation, model calibration, and model performance, as well as the functional assessment of using the model for regulatory and business applications. Job responsibilities include reviewing models and identifying shortcomings development documents, performing validation tests, discussing findings with senior stakeholders, writing validation reports, and managing model risk on an ongoing basis.


  • Knowledge of financial instruments, simulation and pricing methodologies, risk estimation and regulatory requirements (prior knowledge of trading book products is a plus)
  • Sound knowledge of mathematical analysis, algebra, numerical methods and statistics
  • Clear and concise communication skills, both verbal and written
  • Solid writing skills. Publications in peer-reviewed journals are considered as good evidence
  • Programming skills in languages like Python, MATLAB, C/C++/C#, VBA
  • Self-motivated and detail oriented, capability to handle multiple projects at the same time
  • Ability to work independently


  • A Master’s degree (Ph.D.’s degree preferred) in a quantitative field (e.g. Mathematics, Physics, Engineering, Finance, Economics, Statistics) with relevant coursework and experience—Market-Risk-and-Counterparty-Credit-Risk—Multiple-Positions–NYC—Tampa-FL-_21342441