Model Validation Quantitative Analyst (contract) Model Validation Quantitative Analyst (contract) …

Goodman Masson
in London, United Kingdom
Contract, Full time
Last application, 17 Jan 22
GBP700 - GBP750 per day
Goodman Masson
in London, United Kingdom
Contract, Full time
Last application, 17 Jan 22
GBP700 - GBP750 per day
Model Validation Quantitative Analyst (contract)
  • Validation of quant models, initially in IRB Credit Ratings and FRTB IMA space.
  • Quantitative analysis and review of model frameworks, assumptions, data, and results
  • Designing, modelling and prototyping challenger models when required
  • Testing models numerical implementations and reviewing documentations
  • Checking the adherence to governance requirements
  • Documentation of findings in validation reports, including raising recommendations for model improvements
  • Ensuring models are validated in line with regulatory requirements and industry best practice
  • Tracking remediation of validation recommendations

Experience required:

  • Experience in risk-modelling (model development or validation)
  • Knowledge of IRB credit risk models
  • Knowledge of Market risk modelling and of FRTB
  • Experience with other risk models (Economic Capital, Stress Testing, etc.)
  • Experience with Derivatives pricing models


  • Strong background in Math and Probability theory - applied to finance
  • Good knowledge of Data Science and Statistical inference techniques
  • Good programming level in Python or R or equivalent
  • Good understanding of financial products
  • Computer simulations and numerical approximation methods
  • Awareness of latest technical developments in financial mathematics, pricing, and risk modelling
  • Modelling and pricing of financial derivatives
  • Experience with C++ or C# or equivalent
  • Up-to-date knowledge of regulatory capital requirements for market and credit risk

Company Overview

With a team of over 200 and growing every day, Goodman Masson is one of London’s specialist Finance and Technology recruitment businesses. Voted ‘Best Recruitment Company to Work For’ in 2018, our passion for what we do is clear.

Based in London, Düsseldorf and New York, we hold annual revenues exceeding £42 million. This includes Qualified & Part-Qualified / Transactional Finance, Actuarial & Investment Management, Audit, Banking Operations, Compliance & Financial Crime, Front Office, Housing Development, Information & Cyber Security, Technology, Digital & Data, Product Control & Valuations, Projects, Change & Transformation, Risk & Regulation, Tax and Treasury.

We also have a Solutions team who provide RPO, hybrid and volume recruitment services. Alongside this, Goodman Masson have developed an Executive Search team who focus on sourcing C-suite talent to fee earning Legal partners.


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