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Model Validation Quant

Credit Suisse
Model Validation Quant
North Carolina, US
121,000 - 194,000
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Job Description

Your field of responsibility

The Model Risk Management (MRM) team at Credit Suisse has a directive to validate the Bank's business-impactful models firm-wide and more generally to identify, measure and manage model risk across Credit Suisse. The team is established in London, Zurich, New York, Raleigh, Madrid, Mumbai, Pune, Warsaw, Hong Kong and Singapore. As a member of the MRM team, the candidate will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team’s broader model risk scope also guarantees a significant level of interest and access to the business and senior management. Opportunities to present results to partners as well as peers are numerous, allowing the candidate to widen and develop their network and reputation.

The successful candidate will:

  • Validate Equities Pricing and valuation models to ensure they are aligned with Model Risk Management policies and procedures, regulatory requirements and industry standard processes.

  • Independently implement model methodology and investigate and document the choice of modeling approach, assumptions and associated limitations, model performance, usage and ongoing monitoring.

  • Write validation reports and raise findings that can be presented to both internal and external partners

  • Communicate results and issues with model developers and discuss appropriate remediation actions with model developers.

  • Participate in ad-hoc tasks and other business-impactful initiatives in accordance with business needs and regulatory expectations.

  • Keep up-to-date with the best industry practices and research.

Your future colleagues

As part of the Model Validation team within Model Risk Management the candidate will gain training and exposure to modeling in areas such as risk models, equity derivatives and equity-hybrids (EQ-FX, EQ-IR). The current heightened regulatory and governance framework guarantees a significant level of responsibility and access to the business and senior management. The range of projects covered offers the chance for team members to gain in-depth knowledge of products as well as models used in the risk management of equity derivatives and equity hybrids. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm’s D&I ambition which is an integral part of our global cultural values

This position offers remote working opportunities for an agreed amount of days per week.

Your skills and experience

We are looking for a candidate who is highly motivated, positive, dedicated along with this, should also possess the following skills:

  • An equivalent experience of 3-6 years of in one or more of the following areas: quantitative risk management, model validation, developing Pricing models within an investment bank or financial institution.
  • First degree in a quantitative field, e.g. Mathematics, Physics, Engineering, Finance and Masters or PhD, having an excellent mathematical background in statistics, stochastic calculus and numerical methods.
  • Good understanding of financial derivatives and structured products and risks generated by trading strategies.
  • Proficiency with programming skills using one of the following: Python, R, C#, F#, VBA.
  • Ability to communicate effectively with senior partners, including the ability to explain complex topics to a diverse range of audiences.
  • Self-motivation, dedicated, task focus, the ability to structure and present work and a proven record of delivering high quality results to effective timelines.


  • Experience with development or validation of models used for pricing Equities & Hybrid products.
  • Proficient with Python.
  • Relevant professional certifications such as FRM, CQF, CFA (or progress towards it).
  • Dedication to fostering an inclusive culture and value varied perspectives.
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