• Valuations Analyst

Industry BPO / ITES
Location Maharashtra Mumbai,Pune
Experience Range 2 - 3 Years
Qualification DEGREE
Not active

Functional Banking / Insurance
Job Description
About Us
“Magna Infotech, now Quess IT Staffing, is India’s largest IT staffing company with over 20 years of experience in staffing IT professionals in 300+ companies across levels and skillsets. Our 10,000+ associates deployed in 80+ cities and towns are proficient in over 500 technological skills. Our associates help enable cutting edge solutions some of the biggest names across industried. Quess IT Staffing is a division of Quess Corp Limited, India’s leading business services provider and largest domestic private sector employer. Quess Corp Limited is - ‘A Great Place to Work’ certified – a testament to our excellent culture, people, and processes.”
About Company
Roles and Responsibility

Position Specific Responsibilities and Accountabilities:

Market Risk.

Test new market risk methodology functionalities related to the IBOR transition to Risk Free Rates (ESTER, SOFR, etc.) for VaR and FRTB IMA metrics.

Participate in the reviews of the group wide functionalities tests including impacts analysis drill downs in the UAT environment.

Liaise with relevant stakeholders from Front Office quants, Market Risk Managers and Risk-IT to fix issues discovered during the testing.

Amend existing model documentation with the pertaining model changes per SR11-07 documentation standards.

Ensure adherence to industry standards and regulatory requirements (in particular with regard to Basel and CRR related to FRTB).

Prepare for internal model governance and regulatory review processes; coordinate and secure agreement on model design with relevant stakeholders.

Development of complex processes, framework or risk analysis as well as improvements.

Remediation of regulatory as well as external and internal findings against the MR models.

Enhance the conceptual soundness and robustness of implementation of market risk HS as well as first line of defense responsibility for the related model risks and related governance (e.g. facilitating the model risk approvals, Risk not in VAR processes, etc?).

Ensure all material risks within assigned areas are captured, stressed appropriately, and reported to senior management.

Oversee and engage in production and analysis of regular market risk reports & presentations.

Management of large-scale (partial) projects in line with the assigned tasks.

Development and improvement of key quantitative models to measure & model market risk taken by the bank.

Represent HS Team on group wide internal working groups, committee’s and projects/forums.

Create and maintain strong relationships within risk and key stakeholders.

Quality assurance (e.g. 4 eyes principle reviews.

Desired candidate

Specific/ mandatory skills: Market risk / VAR / IBOR / Python

Experience range: 6 to 8 years


Shift timings:  10AM - 7 PM

A+| A| A-