Risk Quants Associate

Overview

Support a team of quantitative analysts and technical specialists in the Risk function, identifying and assessing diffusion models and pricer approximations across asset classes at associate level.

What you'll do

• Provide quantitative and technical mentoring to a team of quantitative analysts and technical specialists.
• Provide model, pricing and functional specifications of the models for the various asset classes, for subsequent validation by risk analytics.
• Provide a phased delivery of the simulation models and pricer prototypes.
• Produce model documentation to be delivered to the PRA for internal review.
• Advise senior management on, and actively manage, a project's non-delivery risk.
• Make sure adequate documentation is produced for governance.
• Assist the IT department in implementing the models and oversee the implementation of the functional specifications.
• Carry out back-testing against the prototypes.

What you'll need

• Significant experience in a quantitative role within specified asset classes, including credit valuation adjustments, expected positive exposure, building valuation models, optimising pricing routines and computing efficiency.
• Significant experience in a banking environment or other financial institution.
• Knowledge to develop an infrastructure for prototyping and back-testing.
• The ability to recognise multiple relationships between problems, issues and situations.
• Experience of guiding colleagues and supporting them in developing further.
• The ability to work well independently and as part of a team.

Details

• Location: Gurugram.
• Hours: 45 per week.
• Job posting closing date: 08/11/2026.