Key Words: Quant, Quantitative, FICC, Fixed Income, Currency,Derivatives pricing

, Ph.D, CDS, CDO, Credit, CVA, FX, Foreign Exchange, calibration, stochastic, de
rivative, PDE, quantitative pricing, interest rates, rates, Credit Valuation Adj
ustment, Risk, Modelling, Modeling, C++, Counterparty, Market Risk, SABR, OIS, C
, C#, Monte Carlo.
Review Front Office Pricing models
Suggest improvements & build alternative models
Review and analyse products traded in these markets, and the associated risk
s that are inherent from trading these products.
Model/products should be independently implemented in a managed C++/C# libra
ry.
Active engagement with the due diligence aspects of the New Product Approval
Process and bank wide strategic initiatives.
Comptences et exprience souhaites
MSc/DEA/PhD in a financial/quantitative related topic.
Minimum 3 years experience in a Model Validation or Front Office Quant role.
Excellent mathematical ability with an understanding of Stochastic Calculus,
Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods,
and Numerical Algorithms.
Experienced in coding in C++/C# in a managed codebase.
------------------------------------------------------------------------------------------Rattach(e) votre responsable hirarchique, vous tes en charge de la conception/dvelop
pement /test d'applications dans un environnement montique bancaire (gestion des
cartes-bleues, autorisations bancaires, services aux banques). Vous intgrez une qu
ipe d'une dizaine de personnes rpartie en deux activits : Dveloppement/Test d'appli
cation et Qualification/Validation.
Dans le cadre de cette mission, vous serez actif(ve) au niveau systme ou sous-sys
tme et aurez les rles principaux suivants :
-

Participer l laboration de la stratgie de tests de validation

Ecrire les plans et fiches de tests de validation
Prparer son (ou ses) environnements de tests
Excuter les tests de validation
Effectuer le suivi des anomalies dtectes en validation

--------------------------------------------------------------------------------------------------Model Validation Analyst

Apply now
Date: Feb 2, 2015
Location: Atlanta Area, Georgia-GA, US
Model Validation Analyst-W407668
Description
Model Validation Analysts are expected to work both alone and in teams to indepe
ndently validate models used throughout the bank in compliance with SR 11-7. The
analyst will be performing independent validation of finance models.

The validations involves evaluating models for their conceptual soundness, accur
acy of input data, reasonableness of assumptions, sensitivity to input data and
assumptions, intended business use, implementation and override controls, and ma
intenance and monitoring plans.
The validation process culminates in the drafting of a report of independent val
idations performed and summarizing the findings of the review. The analyst is ex
pected to learn model-specific subject matter during reviews to supplement their
already strong analytical skills.
This role reports to and support the manager of the Finance Validation team.
Qualifications
Minimum Requirements:
Two years(2) work experience in quantitative analysis. Strong quantitative, fina
nce and statistical background including extensive background in use of software
to support quantitative analysis. Demonstrates a high level of technical knowle
dge and may have developed expertise in specialty areas. Masters degree in a qua
ntitative field such as Mathematics or Engineering.
Demonstrated technical proficiency related to the position, including Probabilit
y and Statistics; Finance (time value of money, yield curve); Programming skills
(Visual Basic, C++, and/or Java).
Preferred Requirements:
Strong financial analysis skills, proficiency with Excel and SAS STAT/ETS.
Broad experience in the financial service industry with understanding financial
statements (10 Q/K, FR Y-9C, FR Y-14A, FFIEC101 etc.) and banking products.
Knowledge of SunTrust organizational structure, business lines and systems (e.g.
TM1, Essbase, RPMS, MCIF, IPPMS, FDW, and EDW).
PhD in a quantitative field such as Mathematics or Engineering.
Demonstrated mastery of quantitative modeling requirements for risk management,
financial reporting, and valuation models used in financial services industry.
Job:Other Professional
Primary Location: Georgia-GA-Atlanta Area-SunTrust Plaza Tower
Schedule:Full-time
Equal Opportunity Employer
SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunit
y Employer and does not discriminate against individuals on the basis of race, g
ender, color, religion, national origin, age, disability, veteran status or othe
r classification protected by law.
EEO Poster
--------------------------2807BR
Posting Title MODEL VALIDATION ANALYST
Job Description
The primary responsibility of the Model Validation Analy
st is to assist the Director/VP Model Validation evaluate model development, dep

loyment and ongoing use/monitoring. The incumbent will support the maintenance o
f model risk governance structure and assist with the most complex and critical
model validations and will perform models with a smaller scope independently.
II. Principal Responsibilities:
Assists in performing independent validation of the larger and more critical mod
els. Independently performs those of smaller scope.
Prepares materials for the Bank s Corporate Model Risk Management Committee. Parti
cipates in, or performs depending upon scope: developing model risk related repo
rting, preparing report validation results, maintaining model related policies a
nd procedures and the model inventory and identifying common assumptions and ris
ks across models.
Continuously builds knowledge or data, methodologies, production environment, an
d use of models within the organization.
Serves as a risk advisor on smaller and less complex models. Researches new tech
niques and evaluates effectiveness of new and on-going models post-implementatio
n. Prepares or assists in the preparation of model validation plans, collaborate
s with model developers and performs or assists in model validation including ev
aluation, monitoring and analysis.
Assists in the preparation of robust written documentation of validation results
. May independently prepare on smaller and less complex models.
Assists management in the translation of identified model risks into business im
plications. Supports management in creating mitigation strategies.
Job Requirements
III. Education/Experience Requirements
College degree or equivalent work experience
2-5 years relevant work experience
IV. Additional Job Requirements:
Theoretical and practice knowledge of statistical modeling and analysis, technic
al documentation, relational databases, qualitative and quantitative data analys
is and reporting, multivariate linear and logistic regression, financial model v
alidation. Proficiency in Excel, SQL, VBA & SAS.
Ability to evaluate, analyze and quantify the financial impact of the issues inv
olved.
Excellent written and verbal communication skills with a demonstrated ability to
explain complex statistical concepts.
Ability to manage multiple priorities under project deadlines.
Ability to work within a team and share specialized knowledge.
Employment Type
Full Time
Address 1
850 MAIN STREET
City
BRIDGEPORT
State CT
Zip Code
06604
-------------------------------------------------The Quantitative Risk and Valuation Group (QRVG) is a global quantitative and de
velopment team with representation in London, Paris, New York and Hong Kong. The
Group has reporting lines into Risk and Product Control within HSBC. The QRV Gr
oup has three main functional activities:

Model Review - Independently review and approve the Front Office models requ
ired for official reporting purposes. Review of traded risk models (VaR and Coun
terparty Risk), Balance Sheet management models, asset liability management mode
ls, asset management models. The members work closely with traders, desk quants,
risk managers, IT developers, etc.
Analytics - Support to Product Control in the proposition, refinement and im
plementation of fair value adjustments. Quantitative support for Market Risk Man
agement. Participate in model risk governance and management. Support model risk
management system development and UAT.
Development - Implementation and support of quantitative control tools for i
nfrastructure.
This specific position is for the New York Analytics team.
Job Description:
Work closely with and provide quantitative support to Product Control, Front
Office, Market Risk Management, Credit Risk Management across multiple asset cl
asses (Structured Credit derivatives, Interest Rate Derivatives, Equity and Equi
ty derivative, FX and FX derivatives, Fixed Income and MBS/ABS etc. ) and multip
le Americas sites (US, Canada, and LatAm Countries).
Understand and assess the impact of the model limitations and recommendation
s highlighted by QRVG Model Review team. Provide guidance to Product Control on
how to address these model recommendations and deficiencies.
Assist Product Control in the proposition and refinement of the fair value a
djustment methodologies.
Tactical implementation of reserve methodology to address model deficiencies
or otherwise align valuation with market practices.
Develop/enhance QRVG analytical library/tools.
Assisting Product Control and Market Risk in addressing regulatory requireme
nts, including Prudential Valuation and Market / Credit Risk based regulatory re
quirements when required.
Perform model validation and model monitoring on Product Control Fair value
Adjustment model as a first line defense role
Participate in model governance and model risk management.
Coordinate the feedback from multiple model recommendation owners and ensure
consistency in the model governance system PALMS.
Help presenting model limitations and mitigations to Senior Management. Help
enhance PALMS functionalities.
Qualifications
Knowledge & Experience / Qualifications (For the role
um requirements of the role.)

not the role holder. Minim

Strong background in mathematical finance, derivative pricing models, and nu

merical techniques for derivative valuation (Monte Carlo methods, PDE solvers) i
s required.
5+ years experience in quantitative fields is preferred.
Experience or knowledge in derivative products is a plus.
Excellent verbal and written skills are a must. Must be able to explain comp
lex and/or technical matters clearly, accurately and simply.
Organized, detail-oriented and self-motivated. Work hard, smart, productive,
business driven, be able to delivery under pressure. Good team player.
Have knowledge on some trading systems such as Summit, Calypso, Murex, Polyp
aths etc.
Have programming skills or knowledge on VBA, R, and C/C++. Other language su

ch as Matlab, Perl, SAS, S-Plus etc. is plus.

Ph.D or master in a quantitative or computational filed (Finance, Math, Phys
ics, Financial Engineering, Computer Science) is preferable.
EEO/AA/Minorities/Women/Disability/Veterans
-------------------------------------Responsibilities
Under the direction of First Hawaiian Bank s (FHB) Chief Risk Officer, Operational
Risk Department Manager, and Model Validation Manager, assists and maintains th
e Bank s overall Model Governance Program, specifically focusing on validating the
Bank s models. Performs other operational risk management duties.
Qualifications
Bachelor s Degree in a quantitative or 2-3 years experience of related work exp
erience required.
Education and related work experience in developing and accessing quantitati
ve models preferred.
Understanding of bank products, including deposits, loans, trusts and invest
ments.
Master s degree in business administration, finance, economics, statistics or
other related discipline preferred.
Experience programming in Matlab, R, Stata.
Experience with commonly-used project management software (e.g. Microsoft Pr
oject).
Strong team management skills, including abilities to coach, develop and lea
d others.
Understanding of project management tools and approaches to managing complex
cross-functional projects.
----------------------------------------Ally Overview
Ally Financial Inc. is a leading automotive financial services company powered b
y a top direct banking franchise with the opportunity, experience and people to
redefine the industry. Ally's automotive services business offers a full suite
of financing products and services, including new and used vehicle inventory and
consumer financing, leasing, inventory insurance, commercial loans and vehicle
remarketing services. Ally Bank, the company's direct banking subsidiary and mem
ber FDIC, offers an array of deposit products, including certificates of deposit
, savings accounts, money market accounts, IRA deposit products and interest che
cking. Ally's Commercial Finance unit provides financing to middle-market compan
ies across a broad range of industries.
Business Unit/Global Function Description
Ally Financial's Risk function manages and analyzes Ally s exposure to internal an
d external risk factors. The function strives to achieve an appropriate balance
between risk and return, to limit unnecessary risk, and to protect the company s f
inancial returns.
Position Description
The Model Validation Analyst is responsible for executing best-practice model va
lidation activities to ensure models across Ally are conceptually sound relative
to their intended use and performing appropriately.
Job Responsibilities
Validate the performance and controls of models across Ally.

Document and present findings to model validation manager.

Provide input to model risk management framework for Ally, including annual
validation plans, model inventory, and model risk ranking.
Develop and maintain effective partnerships with participants / stakeholders
within Ally s model risk management community.
Qualifications
Education
Master s degree in finance, economics, statistics or related field
Experience
2+ years in financial services industry; model validation-specific experienc
e highly desired
Technical Competencies
Familiarity with market, credit and/or operational risk measurement methodol
ogies and quantitative analytics
Ability to assess model conceptual design, back-testing of model results, th
eoretical underpinnings and assumptions, model owner controls over data flows, m
odel execution, and compliance of model results with intended application by mod
el users
Demonstrated analytical approach to complex processes
Personal Competencies
Adept at working in a multi-faceted organization
Strong written and verbal communication skills
Physical Requirements
Must be able to perform essential responsibilities with or without reasonabl
e accommodation.
Total Rewards Information
Working at Ally is Rewarding!
Ally's compensation program offers market-competitive base pay and bonus pay pot
ential based on achieving personal and company goals. Plus, we have a flexible p
aid-time-off program with an emphasis on work-life balance. Ally offers a varie
ty of benefits to protect your health and well-being, provide financial security
and balance your work/life needs including:
Industry-leading 401K Retirement Savings Plan including Matching and Compan
y Contributions
Comprehensive wellness program and wellness rewards to help you reach your p
ersonal health goals
Flexible health insurance options including dental and vision
Pre-tax health savings, dependent care and commuter transit accounts
Life and disability benefits
Other work/life benefits including tuition reimbursement, adoption assistanc
e, weight watchers and employee discount programs.