Quantitative Risk Specialist for Model Validation
3 days ago
Societe Generale, a leading financial institution, offers an exciting opportunity for a Quantitative Risk Specialist to join its esteemed team.
As a Quantitative Risk Specialist, you will play a vital role in the development and maintenance of the continuous model monitoring framework, ensuring the assessment of models' performance, effectiveness of the Risk Management framework, and the model business environment on an ongoing basis.
The ideal candidate will possess a strong background in quantitative fields such as Mathematical Finance, Financial Engineering, Statistics, or STEM, with a minimum of 3 years of experience in model development, validation, or front-office quant roles. Proficiency in programming languages like Python, R, C++, or similar is essential, along with advanced knowledge of statistics, econometrics, and machine learning.
Key Responsibilities:
- Conduct independent model reviews of relevant models at all stages of their lifecycle.
- Assess model conceptual soundness through quantitative analyses and statistical tests.
- Verify data input quality and processing using large, complex datasets.
- Replicate and review model architecture to ensure computational accuracy.
- Analyze model output through backtesting, benchmarking, and sensitivity analysis.
Additional Requirements:
- Bachelor's degree (Master's or PhD preferred) in a quantitative field.
- Excellent written and verbal communication skills for working with technical and non-technical staff.
- Familiarity with model risk management practices and regulatory requirements.
- Experience with market risk, counterparty risk, margining, or algorithmic trading models is a plus.
We offer a comprehensive benefits package, including:
- Minimum of 20 vacation days + 4 personal days.
- Supportive maternity, paternity, parental, and adoption leave policy.
- Health and personal spending accounts with eligible reimbursement categories.
- Fully sponsored virtual healthcare assistance and Employee Assistance Program.
Join our team and contribute to the sustainable growth of the Societe Generale group through your expertise and understanding of risks.
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