Algorithmic Trading Model Risk Analyst
About the job:
Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsible for:
(1) Executing and maintaining an effective Model Risk management framework.
(2) Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite.
(3) Independently validating the integrity and comprehensiveness of the Models in the Firm.
Due to the extension of the scope of the Model Risk Management process, the Firm is seeking to recruit a member of the newly established Algorithmic Trading Model Validation Group. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura’s Algorithmic Trading Models across a wide variety of asset classes / business lines.
The team is responsible for:
Independent Validation of Algorithmic Trading Models, including
Assessment of conceptual soundness of Algorithmic Trading Models, including the integrity and suitability of Model parameters
Model Risk Analysis – to identify, analyse and quantify Model Risk
Development and Execution of Model Performance Monitoring to ensure that Algorithmic Trading Models are performing as intended
Design and implementation of Model Risk Control processes for Algorithmic Trading Models
A working experience in a quantitative environment
A PhD/postgraduate degree in a quantitative discipline
Established experience in quantitative financial models as a Model Developer or Model Validator
Practical knowledge of optimization, statistics and machine learning
Excellent verbal and written communication skills in English
Self-motivated work attitude
Only successful candidates will be contacted